Pinnacle Announces the Sale of 1530 Gaylord Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1530 Gaylord Street. The one-of-a-kind 4-plex, built in 1902, is nestled between City Park, Capitol Hill, Cheesman Park and Congress Park and includes 8 parking spots behind the building. The property sold on January 12th for a contract price of $1,117,500; $279,375 per unit and $324 per square foot. The property features completely updated units, including individual washers and dryers, as well as updated electrical and plumbing. Chris Knowlton, Associate Advisor, Robert Lawson, Principal, and Jim Knowlton, Principal, represented the seller in the transaction.

“This was one of the most well maintained converted mansions I have seen sell in a long time,” said Chris Knowlton. “The buyers were in a 1031 exchange and this was exactly the type of turn-key asset they were looking for.”