$349,000
MLS#: 1621474
- Type: Multi-family
- Lot Size: 1.15 Acres
- Year Built: 1900
- Square Feet: 2,424
Property Details
Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants.
The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month.
Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate.
Additional highlights include:
200 feet of scenic river frontage
A generous lot offering outdoor space
A rare two-car garage—an uncommon find in the multifamily market
This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.
Property Listed by: Keller Williams Realty
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
2424
Land Features
Electric:
Circuit Breakers
Water Body:
no name river
Map (approximate)
