501 NW 5th St
Property Description
Welcome to 501 & 505 NW 5th St, a unique opportunity to own two private homes, each with its own address, utilities, and yard space. This property offers privacy, flexibility, and long-term value making it perfect for investors, multi-generational living, or buyers wanting a mortgage-offset rental. The main home at 501 is spacious at approximately 1,800 sq ft and has seen major improvements in the last few years, including a new heater, new roof, new A/C,and other updates. With 2-3 bedrooms (flex room ideal for office or 3rd bedroom) 1 3/4 baths, a 2-car garage, and a private fenced yard, it's bright, roomy, and move-in ready. The second home at 505 is a 2-bedroom rental with a new roof within the last 5 years and tenants who have lived here for 13 years. It has its own entrance, its own yard, and completely separate utilities. Market rent potential of $700-$850 for 505. Even though both are on the same city lot, this property offers privacy, flexibility, and dependable income. Contact Tiphanie Murphy to view @
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $199,900 |
| Year Built: | 1952 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 8 |
ID: 3yd-LBROK-171441
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout