245 3rd STREET NE

Key facts

• Property type: Single Family
• Structure: Fourplex
• Transaction: For Sale
• Price: $350,000
• Bedrooms: 7
• Bathrooms: 4
• Interior size: 1,610 sqft
• Lot size: 0.27
• Year built: 1975
• Listing key: 29284500

Listing overview

Solid four-plex investment opportunity featuring a proven renovation history and strong rental fundamentals. This 1,610 sq. ft. building offers 7 bedrooms and 4 bathrooms across four self-contained units, providing an attractive mix of one- and two-bedroom suites well suited to local rental demand. The property has undergone major renovations, including updates to kitchens, bathrooms, windows, doors, siding, insulation, flooring, plumbing, and mechanical systems. An updated furnace and newer plumbing add further long-term reliability. A refrigerator was replaced in Unit 2 within the past year. Currently partially occupied, with market rents supporting approximately $4,700/month at stabilization ($950 for the one-bedroom unit and class="container" id="details-container",250 for each two-bedroom unit, plus electricity). This creates immediate upside for investors through lease-up and rent optimization. Appliances are included...