229 W Patterson Street

Description

Value-add investors, take notice: 225 & 229 W Patterson Street in Lansford present a distinctive opportunity to acquire two side-by-side residential units totaling approximately 2,770 square feet, with significant renovation upside and multiple potential income strategies. The larger unit, 229 W Patterson, offers six bedrooms, three full baths, a living room, dining room, family room, finished basement, front porch, backyard, and a two-car off-street parking pad. While the property is currently occupied and functional, it would benefit from paint, flooring, and additional cosmetic updating. Its size, bedroom count, multiple living areas, and finished lower level provide a strong foundation for an investor looking to reposition the unit and maximize its rental income. The adjoining residence at 225 W Patterson includes three bedrooms, one full bath, and a full basement. This unit requires a complete remodel, giving an investor the ability to renovate from the ground up, establish a fresh rental product, and create additional value through strategic improvements. Together, the two units offer the flexibility to renovate and hold as a two-unit rental property, improve one side while generating income from the other, or reposition both units as part of a longer-term buy-and-hold strategy. With nine total bedrooms between the two residences and separate side-by-side living arrangements, the property offers a scale that is difficult to replicate in a typical duplex. The roof is less than five years old, providing a meaningful recent capital improvement. The property is also convenient to Lansford shopping and dining, Panther Valley amenities, the No. 9 Coal Mine & Museum, nearby Jim Thorpe, and Lehigh Gorge recreation. Some MLS photos include virtual staging to demonstrate potential after renovation. Actual condition differs from staged images. For investors seeking a project with size, flexibility, and clear value-add potential, this property deserves a closer look