1954 Year Built:

Park View Description of view:

Building or Complex name: Parkview Apts Location:

Brick Construction:

Resale Condition:

Refrigerator Appliances:

Balcony, Carport Property Features:

Balcony Outdoor Space Description:

Vinyl Floors:

City Water, City sewer Utilities:

Central Heating System:

Electric, Window Unit(s) Cooling System:

On Slab Basement and Foundation:

tar and gravel, Built-Up Roofing:

9 Number of parking spaces:

On Street Parking type:

1027 School District:

Lamar Elementary School:

Edison High School:

Twain Middle School:

This offering features a 9-unit multifamily property in the highly desirable Mahncke Park, with an additional single-family home at 417 Margaret Ave offered separately at $160,000. Known for its tree-lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought-after rental markets. The multifamily property totals 7,590 SF on a 0.33-acre lot, with a strong unit mix of one-bedroom, two-bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof-minimizing near-term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long-term upside. Whether held as a cash-flowing asset, repositioned with value-add improvements, or redeveloped in the future, the opportunities here are substantial.