- For Sale $350,000
- Property Type Multi-Family
- Year Built 1921
- Date Updated Jul 16, 2026
Description
ATTENTION INVESTORS! This unique income property is a textbook value-add opportunity for a savvy investor ready to build a true cash cow. Located in a highly walkable district with direct views of the Capital Building, the property features a flexible multi-dwelling layout??including a detached garage converted into a private carriage house??and currently generates $3,100 a month with the main 3/2 unit owner occupied. One unit is a newly launched Airbnb with massive runway to optimize and increase rates, and the property already operates around 11% Cap Rate when the owner-occupied unit is rented. Zoned Mixed-Use Business (MUB), the possibilities are endless for residential rentals, live/work spaces, or professional offices. This is the perfect chance to renovate one unit at a time, maximize market rents, and unlock massive upside in a prime location.
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Contacts
Mariah Jeffery
Coldwell Banker Commercial The Property Exchange
Location
Contact Listing Broker
Mariah Jeffery
Coldwell Banker Commercial The Property Exchange