This 3 -Ohm story, seven unit apartment building at 506 Linwood Avenue is currently on the market for $329,500. Besides being architecturally interesting, it is special due to its age, use and location. It is located between W. Ferry Street and Lafayette Avenue, steps from Millard Fillmore Gates Circle Hospital and just outside of the Linwood Historic Preservation District.
It was built in 1910 as a true apartment building on a block of mostly large single-family homes. Though many of the homes have since been converted to apartments, there are still a significant number of impressively large homes on the street. Today, creating this mixture of single and multi-family homes is virtually impossible due to zoning regulations. Here, the apartment building may be taller than its neighbors, but it just fits and feels right.
A diversity of building types brings vitality to a neighborhood. One of the mantras of New Urbanism, all the rage in planning circles, is creating a mix of housing types and prices to draw all age groups and family types to a neighborhood. Many of today,Aeos well-intentioned zoning rules outlaw this mix of housing and higher density development. This is an example from a century ago, old urbanism if you will, showing that it can work. It offers housing type diversity while fitting into the lower rise, smaller scale of the block.
The building contains one one-bedroom unit and six spacious two-bedroom units of 1200+ sq.ft. Units contain hard wood floors and lots of interior woodwork. There are also four garages. According to the listing agent, Gunner Tronolone, interest in the property is high. On Thursday he showed three potential buyers the property including investors from downstate New York and California.
Get Connected: Gunner Tronolone, MJ Peterson Commercial Real Estate: 689-4155