$949,500
$25K PRICE DROP

Estimated payment $5,999/month

Total Views 5,326
10 Beds
7 Baths
4,789 Sq Ft
$198 Price per Sq Ft

Highlights

  • Territorial View
  • Forced Air Heating System
  • Level Lot
  • Highland Park Middle School Rated A-
  • Laundry Facilities
  • 2-minute walk to Channing Heights Park

About This Home

PRICE REDUCTION!!!This 4-unit property sounds like a fantastic investment opportunity! Here’s a breakdown of what stands out:Location: The fact that it's in a sought-after neighborhood is key. Properties in prime locations tend to appreciate faster and are easier to rent out.Income Potential: With multiple units, especially the 4bd/2ba front unit that functions like a single-family home, you can charge higher rent for that one. The two townhouse-style units also add a unique appeal to different types of renters.Private Parking: This is a major perk. Parking can be hard to come by in some neighborhoods, and having dedicated parking for each unit is a selling point that could increase demand.3 Updated Units: The fact that kitchens, bathrooms, and appliances have been recently updated adds significant value. Newer toilets and vanities can also reduce maintenance costs in the long run.Well-maintained: It’s always a huge plus when a property has been well cared for. This suggests that there’s little immediate work required, and you can start earning rental income right away.If you’re in the position to move on it, what would your strategy be for improving the units or adjusting the rents? Would you lean toward a quick refresh, or go for more extensive renovations?

Listing Agent

Bret Crawford

NextHome Realty Connection License #200612114 Listed on: 06/06/2025

NextHome Realty Connection

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,282

Year Built

  • Built in 1968

Lot Details

  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,789 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Schools

  • Fir Grove Elementary School
  • Highland Park Middle School
  • Southridge High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R172468

Community Details

Building Details

  • Operating Expense $12,524
  • Gross Income $64,407
  • Net Operating Income $51,883

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,282

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, PartialBasement
  • Storage: Attached,Garage
  • Total Bedrooms: 10
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Assigned, OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Fir Grove
  • High School: Southridge
  • Middle Or Junior School: Highland Park

Lot Info

  • Zoning: R2
  • Parcel #: R172468

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 11281.97

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.74
  • Annual Gross Income: 64407.0
  • Property Net Operating Income: 51883.0
  • Annual Operating Expense: 12524.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $949,500 -2.5% $198 / Sq Ft
06/06/2025 06/06/25 For Sale $974,000 -- $203 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 253751536

Regional Multiple Listing Service (RMLS)