580 Plainfield St
$599,000
12
Beds
4
Baths
6,696
Sqft
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$599,000
12
Beds
4
Baths
6,696
Living Area
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Property Description
Turn-key 4-family investment opportunity featuring four oversized 3-bedroom, 1-bath units, each nearly 1,700 sq ft and including a living room, kitchen, and enclosed porch. Some of the recent updates include new flooring, new kitchens, updated bathrooms, and fresh paint. Two units are currently rented to tenants in good standing, and the other two have been freshly renovated and are rent-ready for market-rate tenants. The property generated over $61,000 in gross rental income last year with all four units occupied, and offers strong potential for increased returns. All units have lead certificates, and utilities are separately metered, with tenants paying all except water. The property is professionally managed and includes a paved driveway with off-street parking for two vehicles. A spacious, well-maintained asset offering immediate cash flow and long-term upside.
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Highlights
- Heating: Steam, Natural Gas
- Parking Spots: 2
- Property Type: 4 Family
- Total Rooms: 20
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1925
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Additional Details
- Appliances: Range, Refrigerator, Freezer
- Construction: Frame
- Flooring: Wood, Tile, Vinyl, Hardwood
- Interior Features: Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Remodeled, Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R1
- Basement: Full
- Exterior Features: Balcony/Deck
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: 110 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $405,000
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $6,026
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $6,504
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Content © 2025 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 MP Signature Realty LLC.
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