About this home

Rare Investment Opportunity 4-Unit Incomplete Structure! Discover the potential at 1214 -1220 Alisa Lane, a rare investment opportunity featuring a 4-unit multifamily structure, each with separate tax ID numbers. The property is currently incomplete, offering a blank slate for value added to investors or developers to finish out the build to suit rental, resale, or portfolio strategies. Each unit is framed and ready for completion, presenting a flexible layout ideal for multifamily income generation. With infrastructure in place and significant progress already made, this is an excellent opportunity to capitalize on the growing demand for housing in the area. Whether you're looking to finish and flip, hold for rental income, or complete as a condo conversion project this property is primed for returns. Sold as-is. Investor inquiries welcome.

Facts and features

Schools

• Workman Junior High School

  middle · 7-8 · 0.6 mi

  3

• McNutt Elementary School

  elementary · K-6 · 0.7 mi

  5

• Bowie High School

  high · 9-12 · 1.8 mi

  3

• High Point Preparatory Academy

  elementary · K-12 · 1.1 mi

• Amos Elementary School

  elementary · K-6 · 0.7 mi

  6

• Burgin Elementary School

  elementary · K-6 · 1.0 mi

  5

Price history

• Jul 9, 2025 · Listed$205,000
• Jul 2, 2025 · Listing Removed$205,000
• Apr 2, 2025 · Relisted$205,000
• Apr 1, 2025 · Listing Removed$205,000
• Oct 9, 2024 · Relisted$205,000
• Oct 8, 2024 · Listing Removed$205,000
• Oct 7, 2024 · Listed$205,000
• Oct 6, 2024 · Listing Removed$365,000

Tax history

• 2025$8,176 tax · $374,003 assessed
• 2023$4,551 tax · $206,258 assessed
• 2022$609 tax · $24,500 assessed
• 2021$628 tax · $24,500 assessed
• 2020$636 tax · $24,500 assessed
• 2019$650 tax · $25,900 assessed

Home value

$285,000

• Collateral Analytics$285,000
• Quantarium$365,874
• Cotality$202,500

Where it is