416 S 2nd St

This partially remodeled 4-plex has ample room for an investor to complete rehab, and have a solid ROI. Sold As- Is. New windows installed in 2024, and new siding installed 12/2025. Located in the Dog Hill neighborhood, this investment is in an "Opportunity Zone", eligible for HUGE tax benefits! (link in MLS) It is NOT in the Historic district, so remodel plans won't need to go through Planning Commission. Units #1 and #2 are month to month, unit #4 lease renews in Feb/2026, and unit #3 is vacant for showings. (Unit #4 - 85% remodeled) (Unit #3 - 50% remodeled) (Units #1 & #2 need full remodel). There are 4 electric meters on house, yet one HVAC/Thermostat in Unit#3. Options could be to add mini split in each unit, and charge tenants for electric, or charge a monthly electric fee per tenant, as-is. Water is on one meter, so the owner pays that bill as well, and a fee can be charged per unit for that service also. New owner also has the option of adding 3 more water meters, and charging tenants individually, per usage. 2 minute walk to Downtown!!