Property Description

Investors take notice! This well-maintained 5-unit multifamily property presents an outstanding opportunity to expand your investment portfolio or begin building long-term wealth through real estate. Held by the same family for an incredible 136 years, this property reflects generations of pride in ownership and thoughtful maintenance. Offering strong rental appeal, three units are currently occupied by tenants at will, while additional income potential exists with the remaining units. One oversized apartment was originally two separate units and has been combined into a spacious residence, providing flexibility for future rental strategies. Major improvements include vinyl siding, vinyl replacement windows, a flat rubber roof approximately 10 years old, a new boiler approximately 2 years old, newer gas heaters, and six electric meters. Separate utilities help simplify property management and tenant billing. Inside, the building retains much of its original character with beautiful ornate woodwork, impressive 4ΒΌ-inch window and door casings, original five-panel interior doors, and hardwood flooring throughout much of the property. Conveniently located minutes to Twin City Rail Trail and near shopping, restaurants, churches, markets, bus stops, and the commuter rail station, this property offers the accessibility of today's tenants value. Whether you're a seasoned investor seeking dependable cash flow or a buyer looking to enter the multifamily market with confidence, this is a rare opportunity to own a solid income-producing property with a remarkable history and excellent upside potential.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 8
  • Total Full Baths: 5
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full, Interior Access
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Appliances: Dryer, Dryer Hookup, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Space Heater, Steam

Financial

  • APOD Available: Yes
  • Gross Operating Income: 30600
  • Gross Expenses: 6127
  • GSE: 6500
  • Electric Expenses: 651
  • Water/Sewer: 1522
  • INSC: 7751
  • Repairs & Maintenance: 5878
  • Miscellaneous Expense: 7825
  • Net Operating Income: 4473

Utilities

  • Heat Zones: 8
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Utility Connections: Varies per Unit, Washer Hookup, for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Hot Water, Water
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73557326
  • Last Updated: 08/03/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/03/2026Active$699,900$126MLSPIN
07/30/2026New$699,900$126MLSPIN

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Seller's Representative: Brenda Albert, LAER Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-08-03 03:05:00

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