- For Sale $4,950,000
- Property Type Multi-Family
- Property Size 6,631 SF
- Units 9
- Lot Size 0.06 Acre
- Cap Rate % 6.6
- # of Floors 4
- Year Built 1920
- Date Updated Jul 27, 2026
Description
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Prime Turnkey 9-Unit Multifamily: A meticulously maintained four-story asset in a high-demand submarket, offering a seamless entry for yield-seeking investors.
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Protected Tax Class 2B: Rare "protected" designation with legal caps on assessment increases—no more than 8% annually or 30% over five years—providing an essential hedge against rising operational costs.
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66% Free-Market Portfolio: High-yield flexibility with a majority of units exempt from rent regulation, ensuring strong immediate cash flow and long-term appreciation.
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Comprehensive Capital Improvements: Significant upgrades within the last 3–5 years, including a new roof, reimagined hallways, and modernized plumbing.
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Optimized Utility Structure: All free-market units feature individual heat and hot water tanks, shifting utility burdens to tenants and boosting Net Operating Income (NOI).
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Contacts
Alpha Realty
Alpha Realty