Excellent opportunity to acquire a cash-flowing multifamily property in a central city location. The sale includes a four-unit residential building at 220 N. 6th St with a rear parking lot, creating an additional income stream with future expansion potential.
The residential building features a desirable unit mix with strong in-place rents:
Unit #1: 2 Bedrooms – $900/month
Unit #2: 3 Bedrooms – $1,500/month
Unit #3: 2 Bedrooms – $1,100/month
Unit #4: Studio – Projected $850/month
Landlord currently pays gas heat, water, sewer, and trash. The rear parking lot provides steady income with rented spaces at $60 per space per month ($900/month), with potential to create additional parking spaces.
Ideal for investors seeking a stabilized asset with diversified income streams, immediate parking revenue, and long-term growth through leasing and expansion. Conveniently located near downtown amenities, public transportation, shopping, dining, and nearby daycare facilities, adding to tenant appeal and long-term rental demand.
Schedule your private showing today.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$499,900
Days On Site
215 Days
Bedrooms
8
Inside Area (SqFt)
4,791 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1900
MLS® Number
PABK2067992
Status
Pending
Property Tax
$2,628
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
3 months ago
Status changed to Pending
3 months ago
Listing updated with changes from the MLS®
4 months ago
Price changed to $499,900
7 months ago
Listing first seen on site
General Features
Acres
0.11
Cross Street
WALNUT
Foundation
Concrete Perimeter
Number Of Stories
3
Parking
PavedParking Lot
Parking Spaces
13
Property Sub Type
Quadruplex
Security
Fire Escape
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4791
SqFt Total
9582
Style
Traditional
Utilities
Cable AvailableWater AvailableSewer AvailableNatural Gas AvailableElectricity Available
Water Source
Public
Zoning
R/C
Interior Features
Appliances
CooktopElectric Water HeaterWater HeaterRefrigerator
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.