FULLY OCCUPIED TRIPLEX | 10.5% CAP RATE | $2,900/MO INCOME | $289,900
Attention Investors: Turnkey, Fully Occupied Income Property!
1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 10.5% cap rate at the $289,900 asking price.
A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream.
Unit Breakdown:
Unit 1: 2 beds, 1 bath — $1,050/month
Unit 2: 1 bed, 1 bath — $1,025/month
Unit 3: 1 bed, 1 bath — $825/month
With renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up.
Offered at $289,900. Schedule your private showing today.
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Listing Snapshot
Price
$289,900
Days On Site
17 Days
Bedrooms
4
Inside Area (SqFt)
2,188 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.09 Acres
Year Built
1935
MLS® Number
PAPH2671662
Status
Active
Property Tax
$4,463
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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