About This Home
Excellent value-add apartment opportunity located in the heart of downtown Wayne. Property is in need of full renovation. This approximately 9,000 square foot building is approved for a total of eight residential units, with four units on the upper level and four units on the lower level, offering strong potential for investors looking to renovate and maximize returns. The adjacent vacant land may be available for purchase from the city, presenting a unique opportunity to create additional parking and further enhance the property’s long-term value and functionality. Recent capital improvements include all new windows throughout the building, representing an investment of approximately $50,000, providing a solid foundation for future redevelopment and income growth. All measurements are approximate agent to verify.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x120
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Siding
Interior Spaces
- 8 Full Bathrooms
- 9,000 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 55006050060000
Community Details
Overview
- 8 Units
- Isabella Clark Sub 3 Subdivision
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,627 | $187,200 | $0 | $0 |
| 2024 | $12,332 | $166,100 | $0 | $0 |
| 2023 | $9,989 | $145,200 | $0 | $0 |
| 2022 | $8,636 | $132,900 | $0 | $0 |
| 2021 | $8,622 | $128,400 | $0 | $0 |
| 2020 | $9,800 | $130,600 | $0 | $0 |
| 2019 | $6,959 | $106,400 | $0 | $0 |
| 2018 | $7,099 | $100,300 | $0 | $0 |
| 2017 | $1,541 | $90,400 | $0 | $0 |
| 2016 | $9,248 | $87,100 | $0 | $0 |
| 2015 | $9,311 | $99,800 | $0 | $0 |
| 2013 | $9,020 | $92,900 | $0 | $0 |
| 2012 | -- | $88,600 | $8,400 | $80,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2026 03/07/26 | Pending | -- | -- | -- |
| 02/18/2026 02/18/26 | For Sale | $250,000 | -- | $28 / Sq Ft |
Source: Realcomp
MLS Number: 20261009812
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.