Sold!
$1,100,000
15
Beds
8
Baths
12,540
Living Area
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Property Description
242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today’s renters value.
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Highlights
- Area: Forest Park
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1906
- Heating: Hot Water, Oil
- Parking Spots: 2
- Property Type: 5-9 Family
- Total Rooms: 39
- Status: Closed
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Additional Details
- Appliances: Range, Disposal, Microwave, Refrigerator, Dishwasher
- Construction: Brick
- Flooring: Vinyl, Hardwood
- Interior Features: Pantry, Lead Certification Available, Walk-In Closet(s), Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Remodeled, Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Renovated Since
- Zoning: R3
- Basement: Full, Interior Entry, Bulkhead, Concrete
- Exterior Features: Balcony/Deck
- Foundation: Brick/Mortar
- Lot Features: Corner Lot, Cleared, Level
- Roof: Other
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service, Common, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $541,400
- Tax Year: 2025
- Total Rent: $12,945
- Rental Fee Includes: Unit 1(Heat, Gas), Unit 2(Heat, Gas), Unit 3(Heat, Gas), Unit 4(Heat, Gas)
- Taxes: $8,489
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Christine Santaniello Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
