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Well-maintained 5-unit apartment building located within walking distance to schools, parks, churches, the YMCA, historic downtown Aledo, restaurants, shopping, and a movie theater. This property offers a strong investment opportunity with multiple unit types and a convenient in-town location. The building consists of five units, including one efficiency apartment (formerly office space) located at the front of the building, two 2-bedroom units on the main level, and two 1-bedroom units on the upper level. The three main-level units offer accessibility-friendly features. Recent updates include windows, flooring, insulation, appliances, downspouts, and heating systems, contributing to the overall maintenance and functionality of the property. At the time of listing, four units are tenant-occupied with established tenancy ranging from approximately 2 to 13 years. The efficiency unit is currently vacant, offering an opportunity for additional rental income. Buyer will assume existing leases.
| DAYS ON MARKET | 2 | LAST UPDATED | 4/25/2026 |
|---|---|---|---|
| YEAR BUILT | 1954 | COMMUNITY | Aledo |
| COUNTY | Mercer | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Mercer County High School |
|---|---|
| Elementary School | Apollo Elementary School |
| Jr. High School | Mercer County Junior High School |
| High School | Mercer County High School |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Aledo |
| BASEMENT | None |
| CONSTRUCTION | Vinyl Siding |
| EXTERIOR | Lighting |
| HEAT | Baseboard |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot, Level |
| LOT DIMENSIONS | 96x60 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| TAXES | 5424 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with eXp Realty
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.