Opportunities like this do not come around often—especially in a growing and increasingly desirable area known for strong rental demand and multi-family income potential. This expansive property presents a rare chance for the right investor to unlock significant value, whether through renovation, repositioning, or long-term rental strategies. With over 3,100 square feet of interior space, six bedrooms, and two full bathrooms, this structure offers the scale and flexibility needed to create a profitable income-producing asset.
Situated on a generously sized residential lot measuring approximately 10,210 square feet, the property provides a solid foundation for redevelopment or improvement. The lot dimensions, approximately 85 by 120 feet, offer ample space for creative planning, whether your vision includes reconfiguring the existing structure, enhancing outdoor functionality, or exploring additional uses permitted within the zoning guidelines. The irregular shape of the lot adds character and potential uniqueness, which can be leveraged in a thoughtful redevelopment plan.
Originally built in 1900, this two-story home reflects the charm and durability of early construction while also presenting a blank canvas for modern upgrades. Investors who appreciate the value of historic structures will recognize the opportunity to blend classic architecture with contemporary design, creating a property that stands out in the rental market. While the home does require renovation and is being sold as a fixer, it is precisely this condition that opens the door for value-add improvements and increased return on investment.
Inside, the layout is spacious and adaptable. With six bedrooms, the property is already well-suited for multi-family conversion, shared housing arrangements, or even a duplex-style redesign, depending on local regulations. The presence of three bedrooms on the main level adds convenience and accessibility, making it ideal for tenants seeking single-level living options. The second floor provides additional bedrooms and living space, further enhancing the property’s versatility.
The two full bathrooms, including one on the main level, offer a starting point for redesign or expansion. Investors may choose to upgrade and modernize these spaces to meet current market expectations or reconfigure them to better support multi-unit living. The possibilities are wide open, allowing you to tailor the property to your specific investment strategy.
The total interior livable area of 3,122 square feet provides significant room to work with. Whether you plan to create multiple rental units, a large shared living environment, or a hybrid model combining private and communal spaces, the square footage supports a variety of configurations. High ceilings and large rooms—common in homes of this era—can further enhance the sense of space and appeal when properly restored.
The property includes a partial basement, which can serve as additional storage or be upgraded for functional use, depending on your vision. While there is no fireplace, this allows for flexibility in redesigning the heating system or adding modern features without needing to work around existing structures.
Heating and cooling systems are currently listed as “other” and “see remarks,” indicating that updates or replacements may be needed. For investors, this represents an opportunity to install energy-efficient systems that can reduce operating costs and increase tenant appeal. Modern HVAC solutions, combined with updated insulation and windows, can significantly improve the property’s performance and long-term value.
Utilities are already connected, including public water and sewer services. This is a major advantage for any renovation project, as it reduces the complexity and cost associated with infrastructure development. Having these essential services in place allows you to focus your investment on interior and structural improvements rather than foundational systems.
Parking is currently limited, with no garage or driveway, which may initially appear as a drawback. However, in many urban or densely populated areas, properties without dedicated parking can still perform well—especially if they are located near amenities, public transportation, or employment centers. Additionally, creative solutions such as street parking management, shared arrangements, or even future development of parking space (where feasible) can be explored.
The property’s location in a popular area known for multi-family income properties is one of its strongest selling points. Demand for rental housing continues to grow, and properties that can accommodate multiple tenants or units are particularly valuable. Whether you are targeting long-term renters, short-term stays, or a combination of both, this location supports a variety of income strategies.
Financially, the property is positioned as an exceptional value. With a price per square foot that is remarkably low, it offers a compelling entry point for investors looking to maximize returns. The relatively modest tax-assessed value and annual tax amount further contribute to its affordability and potential profitability.
Because the property is being sold as a fixer, it is best suited for buyers who are prepared to invest in renovations. However, this is precisely where the opportunity lies. By purchasing at a lower price point and implementing strategic improvements, investors can significantly increase the property’s market value and rental income potential. Whether you choose a full-scale renovation or a phased approach, the potential for appreciation is substantial.
Listing terms include cash and rehab financing, providing flexibility for different types of investors. Rehab financing options can be particularly advantageous, allowing you to fund both the purchase and renovation costs within a single loan structure. This can streamline the process and make it easier to execute your investment plan efficiently.
The stone foundation adds a level of durability and character that is often sought after in older homes. With proper maintenance and upgrades, it can serve as a strong base for the property’s future. Construction materials are listed as “other,” suggesting that there may be a mix of elements that can be enhanced or replaced as part of the renovation process.
From a strategic perspective, this property offers multiple exit strategies. You could renovate and hold it as a long-term rental, generating consistent monthly income. Alternatively, you could reposition it as a multi-unit property and increase cash flow through multiple tenants. For those interested in shorter investment cycles, a fix-and-flip approach may also be viable, particularly if market conditions support resale at a higher price point.
Another potential strategy is to create a co-living space, which has become increasingly popular in many markets. With six bedrooms and ample common areas, the property could be designed to accommodate multiple tenants who share living spaces while maintaining private sleeping quarters. This model can often generate higher per-room income compared to traditional rentals.
The size and layout also make it suitable for group housing, student housing (if applicable to the area), or workforce housing. Each of these options can provide stable occupancy and consistent revenue, especially in areas with strong demand.
It is important to note that the property’s condition will require careful planning and budgeting. A thorough inspection and renovation plan will be essential to ensure that all necessary improvements are addressed effectively. However, for experienced investors or those working with skilled contractors, this process can be managed strategically to maximize returns.
Beyond the numbers, there is also an element of transformation and creativity involved in a project like this. Taking a property with history and potential and turning it into a modern, functional, and profitable asset can be incredibly rewarding. It is an opportunity to not only generate income but also contribute to the revitalization of the surrounding area.
In today’s real estate market, properties that offer both affordability and upside potential are increasingly rare. This listing stands out as a clear example of both. With the right vision, resources, and execution, it has the potential to become a valuable addition to any investment portfolio.
Whether you are a seasoned investor looking to expand your holdings or someone seeking your next project, this property deserves serious consideration. Its size, location, and price point create a compelling combination that is hard to ignore.
In conclusion, this is more than just a fixer-upper—it is a strategic investment opportunity with significant upside. From its spacious layout and large lot to its location in a high-demand rental area, every aspect of the property points toward potential. With the right approach, it can be transformed into a high-performing asset that delivers both immediate and long-term returns.
If you are ready to take on a project with real promise and turn potential into profit, this property could be exactly what you have been looking for.
Listed on Zillow