350 State Street
16 UNIT BUILDING-Finish it. Rent it. Cash flow it.
Marketing description
Proud to present 350 State Street — offered at $1,900,000.
A rare opportunity to step into a nearly completed 16-unit apartment building with massive upside and a clear path to stabilization. This three-story multifamily asset offers a highly desirable unit mix of 2-bedroom, 1-bedroom, and studio apartments, all featuring oversized layouts that today’s renters actively seek.
The heavy lifting has already been done. The property is approximately 75% complete, with roughed-in plumbing, flooring installed, and bathroom tiling completed—saving a future owner significant time, capital, and uncertainty. What’s left is the opportunity to bring your vision and your crew to the finish line, complete the remaining work, and unlock strong rental income.
This is an ideal project for a hands-on investor, contractor, or developer looking to:
✔️ Add immediate equity
✔️ Control renovation costs
✔️ Finish efficiently
✔️ Lease up and stabilize
✔️ Cash flow with confidence
Opportunities like this don’t come around often—nearly finished, value-add multifamily with scale and upside in a growing rental market.
Finish it. Rent it. Cash flow it.
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