Located at 718 Woodlane Avenue in the desirable Edgewater Park area, this spacious duplex offers a fantastic opportunity for investors or owner-occupants seeking steady rental income and long-term value. Featuring a recent price adjustment, separate utilities, onsite parking, and a vacant move-in-ready unit, the property combines flexibility with strong cash-flow potential.
Originally built in 1890, the home blends timeless character with practical modern updates across approximately 2,252 square feet of living space. The duplex includes two private units designed for comfort, privacy, and consistent rental appeal.
The first-floor unit is currently vacant, making it ideal for immediate occupancy or new rental income. It features three generously sized bedrooms and one full bathroom, with bright living spaces filled with natural light. Buyers can easily personalize the unit while benefiting from its strong rental potential.
The second-floor unit is occupied by a long-term tenant currently paying around $2,030 per month, providing dependable income from the start. This setup also creates an excellent “house hacking” opportunity for buyers looking to live in one unit while offsetting expenses with rental income from the other.
Additional highlights include separate gas and electric meters for each unit, natural gas radiator heating, window air conditioning units, gas water heaters, and public utilities. The roof was replaced approximately five years ago, helping reduce near-term maintenance concerns. Situated on a spacious 0.39-acre lot, the property also offers onsite driveway parking and room for outdoor enjoyment or future improvements.
Edgewater Park continues to attract renters and homeowners alike thanks to its suburban atmosphere, convenient access to major roads, shopping, schools, and recreation. The area’s strong rental demand further enhances the property’s investment appeal.
With immediate cash flow, flexible living options, recent updates, and future value-add potential, 718 Woodlane Avenue presents a solid opportunity for both new and experienced real estate investors.
Listed on Zillow