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744 N 5th St
Off-Market Call for Pricing
Call for Pricing
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 1,800 Sq Ft
Description
Fully occupied three-unit investment opportunity generating $40,500 in gross income and $33,933 in net income, offering immediate cash flow with additional upside. The property consists of three spacious 1-bedroom units, a proven and efficient unit mix supported by consistent rental demand in the area. All units are currently occupied on month-to-month leases, providing a new owner with full flexibility to increase rents to market and unlock additional value from day one. Tenants pay electric heat (baseboard) and gas for cooking, both separately metered, while landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense, efficient operating profile. Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage, and the large basement presents clear value-add potential through coin-operated laundry and/or tenant storage. The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention.
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $399,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 0 |
| Number of Stories | 3 stories |
| Parking Spots | 2 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 64070446963300001 |
| MLS # | PALH2015446 |
| Property ID | 322821339 |
| Lot Sqft | 1,800 |
| Zoning | R-MH |
| Total Units | 3 |
| Date Updated | May 29, 2026 |
| Date Created | May 04, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $40,500 | $0 |
| Net Income (Yr) | $ 33,933 |
| Cap Rate | 8.25% |
Listing Provided By
james J Reardon an agent of . Lic #RS342638
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Data last updated: July 09, 2026.
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