Estimated payment $5,457/month
About This Home
Prime Mixed-Use Investment in Essex
1700-A Old Eastern Avenue presents a rare opportunity to own a versatile mixed-use property with exceptional income-producing potential. Zoned for light industrial use, this unique parcel features three separate residential buildings alongside a freestanding retail space, creating multiple revenue streams in one convenient location.
The property includes:
Two single-family homes, each thoughtfully divided into two separate units.
A freestanding retail building, currently operating as a liquor store, is positioned at the front of the lot for maximum visibility.
A third home at the rear, configured as a hostel with 12 rooms and 2 full baths—6 rooms currently occupied.
With ample open parking to accommodate residents, guests, and customers, this property is well-suited for long-term investment and continued growth. Whether you’re looking to expand your portfolio or secure a high-performing asset, this property offers endless possibilities and consistent income potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,089
Year Built
- Built in 1991
Parking
- Off-Street Parking
Home Design
- 9,668 Sq Ft Home
- Brick Exterior Construction
Schools
- Mars Estates Elementary School
- Stemmers Run Middle School
- Kenwood High Ib And Sports Science
Additional Features
- 0.64 Acre Lot
- Heating Available
- Unfinished Basement
Community Details
- 3 Units
Listing and Financial Details
- Coming Soon on 9/12/25
- Assessor Parcel Number 04151507831020
Map
Home Values in the Area
Average Home Value in this Area
Source: Bright MLS
MLS Number: MDBC2139418
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