558 East School St
$565,000
6
Beds
5
Baths
1,800
Sqft
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$565,000
6
Beds
5
Baths
1,800
Living Area
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Property Description
Excellent investment opportunity! This 5-unit brick apartment building offers a great addition to any investment portfolio. The property consists of one 2-bedroom unit and four 1-bedroom units, with each apartment including a range and refrigerator. Additional features include a roof approximately 5 years old, vinyl replacement windows, natural gas heat and hot water, separately metered gas and electric, a coin-operated washer and dryer, and a fully fire-coded building. The owner currently pays all utilities, presenting an opportunity for future expense management and increased cash flow. The durable brick exterior offers low-maintenance ownership. Conveniently located near shopping, restaurants, public transportation, and other everyday amenities, this income-producing property is an excellent opportunity for both seasoned and first-time investors.
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Highlights
- Heating: Baseboard, Natural Gas
- Parking Spots: 1
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 16
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Washer, Dryer, Range, Refrigerator
- Flooring: Tile, Vinyl, Carpet
- Foundation Area: 1275
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R4
- Construction: Brick
- Foundation: Slab
- Interior Features: Laundry Room, Ceiling Fan(s), Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, Sidewalks
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $329,400
- Tax Year: 2026
- Total Rent: $5,650
- Rental Fee Includes: Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water)
- Taxes: $7,016
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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 RE/MAX Town & Country.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.