Historic Two-Family Brick Home with Exceptional Space and Investment Potential in Auburn
Priced at $150,000, this remarkable two-family residence in Auburn presents a rare opportunity for both investors and owner-occupants alike. Built in 1880, this stately brick property offers an impressive 3,386 square feet of living space on a generous 0.28-acre lot.
With both units fully vacant, buyers have immediate flexibility—whether to maximize rental income or create a comfortable owner-occupied arrangement with supplemental revenue.
Blending historic character with practical functionality, this classic home stands as a testament to enduring craftsmanship while delivering the space and layout modern buyers value.
Timeless Architecture and Solid Construction
Constructed in the late 19th century, this brick residence showcases the durability and architectural charm of its era. Solid masonry construction not only enhances curb appeal but also contributes to long-term structural integrity and reduced exterior maintenance.
High ceilings, large windows, and traditional detailing throughout reflect the home’s 1880 origins. These period features create an inviting atmosphere filled with warmth and character—qualities that are increasingly sought after in today’s housing market.
The expansive footprint provides flexibility rarely found at this price point, especially in a multi-family property.
Fully Vacant and Ready for Immediate Opportunity
One of the most significant advantages of this property is its fully vacant status. Buyers can:
Select their own tenants at current market rates
Renovate or update as desired before leasing
Live in one unit while renting the other
Explore multi-generational living arrangements
Vacant two-family homes are particularly appealing because they eliminate the complications of inheriting existing leases. This clean slate allows investors to establish rental terms that align with today’s market conditions.
The Upstairs Unit: Spacious and Functional
The upper-level unit is expansive, offering four generously sized bedrooms and two full bathrooms. This configuration makes it ideal for larger households or tenants seeking substantial living space.
Key highlights of the upstairs unit include:
Large eat-in kitchen serving as the central gathering space
Dedicated pantry providing ample storage for food and kitchen essentials
In-unit laundry, adding modern convenience
Access to the full attic, offering exceptional additional storage
The high ceilings enhance the sense of openness throughout the unit, while classic architectural details add charm and personality. The layout supports both daily living and entertaining, making it attractive to prospective renters or owner-occupants alike.
With four bedrooms and two baths, this unit could command strong rental income, particularly in a market where spacious apartments are in demand.
The Downstairs Unit: Flexible and Inviting
The lower-level unit offers three bedrooms and one sizeable full bathroom. Its thoughtful layout includes:
A comfortable eat-in kitchen
A formal dining room
Front and back porch access
Access to laundry in the full basement
The combination of formal dining and porch areas enhances livability and tenant appeal. Whether used for a small family, roommates, or extended family members, the downstairs unit offers flexibility and comfort.
Together, both units total seven bedrooms and three full bathrooms—an impressive configuration that expands rental possibilities.
Basement and Storage Advantages
The clean, full basement provides shared laundry access and substantial storage space. For landlords, basement storage is an attractive amenity that adds practical value for tenants. For owner-occupants, it offers room for seasonal items, tools, and equipment.
Additionally, the upstairs attic access further increases storage capacity—an often overlooked but highly desirable feature.
Natural Gas Heating and Infrastructure
The home is heated with natural gas, a cost-effective and efficient heating source. Reliable heating is especially important in upstate New York’s colder months, and natural gas systems are widely preferred for their affordability and performance.
The property also includes a two-car detached garage, providing secure parking or additional storage. Off-street parking is further supported by a long gravel driveway shared with the neighboring property at 74 East Genesee Street.
With two garage spaces and additional parking availability, the property offers convenience that tenants and homeowners alike will appreciate.
A Generous Lot with Room to Breathe
Situated on a 0.28-acre lot, the property provides outdoor space that enhances its overall appeal. In multi-family homes, outdoor areas can significantly increase desirability.
The yard space allows for:
Outdoor seating areas
Gardening opportunities
Tenant recreation
Additional landscaping enhancements
In an urban setting, this lot size offers breathing room rarely found in similar properties.
Strong Investment Potential
For investors, the numbers are compelling. A seven-bedroom, three-bath two-family property with over 3,300 square feet of living space at $150,000 offers substantial upside potential.
By renting both units, an investor could generate dual income streams. Alternatively, occupying one unit while leasing the other could significantly offset mortgage costs.
The durable brick construction minimizes exterior maintenance concerns, while the spacious layouts support strong rental demand.
With thoughtful updates—cosmetic improvements, modern fixtures, or minor renovations—rental value could be further enhanced.
Ideal for Owner-Occupants
For buyers seeking a creative homeownership strategy, this property presents a powerful opportunity. Living in one unit while renting the other allows homeowners to build equity while generating income.
This arrangement can:
Reduce monthly housing costs
Provide financial flexibility
Accelerate mortgage payoff
Create long-term wealth-building potential
Few properties offer this balance of affordability, size, and flexibility.
A Prime Auburn Location
Auburn is known for its historic charm, scenic Finger Lakes proximity, and growing rental demand. Its location provides access to local businesses, schools, healthcare, and regional employers.
The property’s placement within Auburn enhances its investment viability, particularly for tenants seeking spacious accommodations within city limits.
A Rare Opportunity at an Accessible Price
Finding a fully vacant two-family brick home with over 3,300 square feet at $150,000 is increasingly uncommon. This property’s size, condition, and layout make it stand out in today’s market.
Key highlights include:
Seven total bedrooms
Three full bathrooms
3,386 square feet of living space
Two-car detached garage
Natural gas heating
Large lot
Full attic and basement storage
Fully vacant status
Whether your goal is rental income, owner-occupied living, or portfolio expansion, this Auburn property delivers flexibility and long-term value.
FROM ZILLOW