1027 E 47th Street

Turn-key Owner-Occupy Opportunity - Live in your own detached cottage while collecting rental income on site! This property consists of a triplex in the main house plus a separate DADU cottage at the rear of the lot, creating an ideal house-hack setup where you can live privately while your rentals help offset the mortgage. The main house includes three units total: the lower level is Unit A, a spacious 3-bedroom/1-bath and the largest unit, while the upper level contains Unit B, a studio apartment, and Unit C, a 1-bedroom/1-bath apartment. The fourth unit, Unit D, is a 1-bedroom/1-bath + office DADU cottage with its own private fenced yard, fully separate from the main house. Entire property is fenced with alley access, keeping living areas and parking set back from street traffic. Unit B is newly furnished and ready for mid-term or furnished tenancy. The property has successfully operated as long-term, mid-term, and short-term rentals, offering flexibility for future ownership. The basement features approximately 9-foot ceilings with partial finish & storage rooms. Extensive improvements include full DADU remodel, updated units, newer appliances, new roof and gutters in 2024, tankless hot water system, full electrical replacement, new concrete, new front deck, and recent interior and exterior paint. Current income totals $6,700/month or $80,400/year with NOI of $64,827, 8.15% cap rate, GRM of 9.89, and annual expenses of approx. $15,573. Appraised Aug 2025 at $848,000+.