38-40 9th Ave
$1,100,000
8
Beds
4
Baths
3,900
Sqft
- Request Info
- Call
- Save
-
More
- Mortgage Calculator
Property Tools
$1,100,000
8
Beds
4
Baths
3,900
Living Area
-
Property Description
Exceptional investment opportunity in this well-maintained four-unit corner lot property offering immediate value-add potential. With below-market rents, 3 tenant-at-will units, and one owner-occupied unit to be delivered vacant at closing, buyers will have the flexibility to owner-occupy or reposition the property to maximize income. Updates include a 7-year-old roof with new plywood, full ice and water shield, and 30-year architectural shingles. All hot water heaters are direct vent, including two approximately 6 months old, a 2-year-old smart heat pump water heater, and a 5-year-old direct-vent unit. The direct-vent gas furnaces have been professionally serviced annually. The entire left side of the property features 3-year-old double-pane replacement windows, while the opposite side also has double-pane windows. Hardwood flooring is found throughout most of the property, with the exception of one first-floor unit. Electrical service includes three 100-amp panels and one 200-amp panel. The property also has 2 separate driveways to make parking much easier. With tenant at will leases, 1 unit vacant at closing, this property offers an outstanding opportunity to build equity and maximize returns. Open house Sat 8/8 from 12-2!
-
Highlights
- Heating: Forced Air
- Parking Spots: 7
- Property Type: 4 Family - 4 Units Up/Down
- Total Rooms: 20
- Status: Active
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
-
Additional Details
- Appliances: Range, Refrigerator
- Foundation: Brick/Mortar
- Lot Features: Corner Lot
- SqFt Source: Other
- Year Built Details: Actual
- Zoning: Mf
- Exclusions: Top 2 Units-Washers And Dryers, Microwaves. Top Left Unit Will Leave A New Fridge In Shed For Buyer
- Interior Features: Living Room, Kitchen, Dining Room, Living RM/Dining RM Combo
- Road Frontage Type: Public
- Total Number of Units: 4
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Highway Access
- Parking Features: Off Street, Paved
-
Utilities
- Sewer: Public Sewer
- Water Source: Public
-
Fees / Taxes
- Assessed Value: $597,300
- Taxes: $6,397
- Tax Year: 2025
- Total Rent: $4,850
Similar Listings
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 Realty ONE Group Nest.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.