Timeless Architecture Meets Modern Investment Potential at 306 E Maiden St, Washington, PA – $229,000
Located in the heart of Washington, Pennsylvania, this character-filled fourplex at 306 E Maiden Street presents a rare opportunity to own a piece of architectural history while enjoying the benefits of reliable rental income. Priced at $229,000, this distinctive property blends classic design, solid construction, and strong investment fundamentals, making it a standout addition to any real estate portfolio.
Historic Character and Distinctive Design
From the moment you arrive, 306 E Maiden St captures attention with its unique architectural details. The building’s turret and stained-glass windows give it a signature look reminiscent of turn-of-the-century craftsmanship—features rarely found in modern multi-unit properties. These charming elements, combined with its brick façade and classic lines, make it a true centerpiece on the street and a potential magnet for tenants who appreciate character and history.
Inside, the property continues to impress with tall ceilings, wide trim, and generous room dimensions. Each unit feels open and inviting, allowing tenants to enjoy a sense of comfort and space uncommon in typical apartment layouts. Whether retained as a full rental investment or converted into owner-occupied housing with supplemental income, the structure offers tremendous flexibility.
Four Units, Solid Income, and Room to Grow
This fourplex is divided into four distinct units spread across three stories, each with separately metered gas and electric—a major advantage for investors seeking to minimize overhead and simplify utility management. The thoughtful setup provides tenants with autonomy and helps keep operating costs transparent and manageable.
Two of the current tenants are long-term residents, a testament to the property’s desirability and stability. The consistent occupancy rate and proven rental history make this a low-risk acquisition for both new and seasoned investors. Even more appealing, current rents are below market value, offering a clear path to increased revenue with strategic updates or adjusted lease rates over time.
Each unit comes equipped with a stove and refrigerator, both of which transfer with the sale, ensuring a seamless transition for future ownership. With modest cosmetic upgrades—such as refreshed flooring, modern lighting, or updated kitchens—this property’s rental value could be significantly enhanced while maintaining its timeless charm.
Added Value: Garage and Parking
Beyond the living spaces, the property includes a detached double garage—a highly sought-after feature that adds both utility and income potential. The garage could be rented separately to tenants or local residents seeking storage or parking space, generating an additional stream of revenue.
In addition, there are three off-street parking spaces, providing convenience for tenants and guests alike—an important amenity in the downtown Washington area where street parking can be limited.
A Blend of History and Smart Investment
Few properties manage to combine historic beauty and practical investment fundamentals as successfully as 306 E Maiden St. From its ornate stained-glass details to its solid brick construction, this fourplex has been built to last and to impress. It’s ideal for investors who want a property that not only generates income but also retains long-term appreciation potential thanks to its architectural significance.
The strong rental history and stable tenancy further underscore its value. Investors will appreciate the opportunity to modernize selectively—adding value without erasing the property’s inherent character. Meanwhile, the separate meters, low-maintenance exterior, and existing tenant base make this an efficient, income-producing asset from day one.
Location and Lifestyle
Situated close to Washington’s amenities, schools, and major routes, this property offers excellent accessibility for tenants. Residents can easily reach local restaurants, shopping, and public transportation, while enjoying a charming residential atmosphere surrounded by similar historic homes.
The Bottom Line
At $229,000, 306 E Maiden Street represents more than just a multi-unit investment—it’s a chance to own a property that tells a story. With its combination of architectural distinction, steady income, and growth potential, it stands as an ideal acquisition for investors who appreciate both financial return and historic value.
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From ZILLOW