
Listed by Agresti Real Estate
$449,900
209 E Main Street
Details
APN 23-015-048.0-011.00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,408
Units 16
Cap Rate 13.50%
NOI $60,619
Price per SqFt $36
Year Built 1900
Stories 2
Acreage 1.120
Zoning C-1
Multifamily | 13.50% CAP | 16 Units
Marketing description
Introducing the Elk Creek Historical Lodge — a rare 16-unit approved boarding house delivering serious cash flow and a strong 13.5% cap rate with large net income. This income-producing asset features 16 rentable units plus an on-site property manager for streamlined, hands-off operations. Situated on over an acre, the lodge blends historic character with practical upgrades, including industrial-grade kitchen equipment, a spacious common area ideal for group gatherings, two marble fireplaces, updated electrical, a commercial boiler system, and brand-new plumbing in 11 upper units. Ample off-street parking adds convenience, while flexible commercial/residential zoning and a valuable lodge tax exemption further enhance returns. With solid rental history and value-add stability, this is a high-yield investment opportunity you don’t want to miss. Possible owner financing available with 75k down.
Listing Contacts

Listed by Agresti Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,619.00
$5,051.58/mo
Valuation Metrics
0
DSCR
13.47%
Cap Rate
13.47%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?


















