$239,900

About this home

Looking for a solid addition to your investment portfolio? This nicely maintained 4-unit property offers an excellent opportunity to generate rental income with several important updates already completed. Recent improvements include new vinyl siding in 2023 and a new roof installed in 2025, complete with a transferable warranty. The property also features vinyl replacement windows and lead paint abatement has been completed with glass block windows installed in the basement. The property has a proven rental history, generating $3,550 per month in gross income when fully occupied. Currently, only one unit is vacant, offering an immediate opportunity for a new owner to lease the available unit and maximize the property's income potential. Each unit has its own dedicated furnace, providing individual heating systems for the apartments. Appliances are included, adding further convenience for tenants and the new owner. The seller currently pays all utilities except cable/internet. With recent capital improvements, a history of rental income, and one unit ready to be leased, this four-unit property is worth a closer look. Whether you're expanding your portfolio or looking for your first multifamily investment, this property offers plenty of potential.

Property details

MLS

NOWDD

MLS #

5241940

Property type

Quadruplex

Subdivision

Shelby Street

Status

Under contract

Days on market

10

On market date

September 2, 2026

Stories

2

Total bathrooms

4

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.0644 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.