Classic 1948 Home in Oakland Heights

Classic 1948 Home in Oakland Heights – Investor Special with Incredible Upside Potential

If you’ve been searching for an affordable single-family investment opportunity with solid fundamentals and room to add value, this 3-bedroom home located in the Oakland Heights subdivision deserves serious attention. Priced at just $7 per square foot, this 1,400-square-foot residence offers a rare entry point for investors, flippers, landlords, or buyers willing to renovate and build equity.

Situated in Jackson, within the established Oakland Heights neighborhood, this 1948-built home combines traditional construction with city utilities and strong redevelopment potential. With public water, public sewer, electricity, and natural gas already connected, the essential infrastructure is in place — making renovation or repositioning far more efficient.

Whether you’re looking for your next flip project, rental addition, or affordable primary residence renovation, this property presents a compelling value proposition in today’s market.

Property Overview

Property Type: Single-Family Residence

Year Built: 1948

Bedrooms: 3

Bathrooms: 1 Full

Total Interior Living Area: 1,400 sq ft

Stories: 1

Foundation: Conventional

Exterior Material: Clapboard

Roof: Asphalt

Lot Size: 10,454.4 sq ft

Lot Features: Sloped

Subdivision: Oakland Heights

Parcel Number: 08230015000

Utilities Connected: Electricity, Natural Gas, Sewer, Public Water

Sewer: Public

Water: Public

Annual Property Taxes: $1,028

Tax Assessed Value: $35,460

Price Per Square Foot: $7

Date on Market: January 20, 2026

At approximately $7 per square foot, opportunities at this pricing level are becoming increasingly rare — especially for detached single-family homes with public utilities.

Interior Layout & Potential

The 1,400-square-foot floor plan provides a practical single-level layout, making the home accessible and easy to modernize. With three bedrooms and one full bathroom, the configuration appeals to:

First-time homebuyers

Small families

Long-term rental tenants

Section 8 housing participants (subject to qualification)

Downsizers seeking one-level living

While many features are listed as “See Remarks,” this typically signals opportunity — meaning updates and customization can significantly increase value.

Living Areas

A single-story design simplifies renovation planning. Open-concept reconfiguration may be possible depending on structural layout, allowing investors to create a more modern living-dining flow. With 1,400 square feet, there is ample space to:

Refinish or replace flooring

Upgrade lighting fixtures

Install fresh paint and trim

Improve energy efficiency

Update windows (if needed)

Homes built in 1948 often feature solid framing and durable materials, giving renovators a sturdy base to work from.

Kitchen & Bathroom Upgrade Opportunity

The existing kitchen and bathroom likely require updates, which creates immediate equity-building potential. Common improvements that can dramatically increase value include:

New cabinetry or cabinet refinishing

Updated countertops

Modern sink and fixtures

Energy-efficient appliances

Bathroom vanity replacement

Tile or surround upgrades

Updated plumbing fixtures

Even moderate cosmetic updates can significantly enhance buyer appeal and rental income potential.

Construction & Structural Features

Built in 1948, this home offers classic clapboard exterior construction and a conventional foundation. These structural elements are important for investors evaluating long-term stability.

Exterior & Materials

Clapboard siding offers traditional character

Asphalt roof provides cost-effective maintenance

Conventional foundation supports durability

Because the home is not new construction, buyers should anticipate routine modernization needs — but also benefit from mature neighborhood surroundings and established infrastructure.

Lot & Outdoor Space

The property sits on approximately 10,454.4 square feet — nearly a quarter acre. That’s substantial yard space compared to many newer developments.

The lot is described as sloped, which may offer:

Improved drainage

Landscaping creativity

Tiered garden potential

Deck or outdoor entertainment possibilities

The unpaved parking area provides off-street parking and could potentially be improved with gravel or paving for enhanced functionality.

Outdoor upgrades that could add value include:

New landscaping

Privacy fencing

Driveway improvement

Exterior paint refresh

Porch addition or enhancement

A strong exterior presentation dramatically increases resale and rental appeal.

Utilities & Infrastructure

One of the most attractive features of this property is that all major utilities are already connected:

Public Sewer

Public Water

Electricity Connected

Natural Gas Connected

Homes with full city utilities are often more attractive to buyers and tenants than rural properties with septic systems or well water. Utility connectivity reduces setup costs and simplifies renovation planning.

Financial Snapshot & Investment Outlook

With an annual tax amount of $1,028 and a tax-assessed value of $35,460, holding costs appear manageable. Investors often evaluate:

Acquisition cost

Renovation budget

After-repair value (ARV)

Rental income potential

Operating expenses

At $7 per square foot, even conservative improvements could create a significant margin between total investment and stabilized market value.

Potential Investment Strategies

1. Fix and Flip
Update the home cosmetically and structurally where needed, then resell at market value.

2. Buy and Hold Rental
Three-bedroom homes are consistently in demand for long-term rental housing. Stable tenant demand in established neighborhoods often supports predictable income streams.

3. Affordable Primary Residence
For buyers priced out of newer construction, this property offers a pathway to homeownership with the opportunity to renovate gradually.

4. BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)
Investors may choose to renovate, stabilize with a tenant, refinance based on improved value, and redeploy capital into additional properties.

Oakland Heights Neighborhood Appeal

Located in the Oakland Heights subdivision of Jackson, the property benefits from an established residential environment. Mature neighborhoods often provide:

Tree-lined streets

Stable community presence

Access to schools and services

Strong rental demand

Older subdivisions frequently hold redevelopment potential as buyers seek affordable housing options near city amenities.

Why Properties at $7 Per Square Foot Matter

In a market where construction costs and material prices have risen significantly over the past decade, opportunities under $10 per square foot are increasingly uncommon. Even homes requiring renovation can present exceptional value when priced at deep discounts.

Affordable acquisition costs:

Lower financial risk

Allow renovation budget flexibility

Provide room for profit

Reduce overall exposure compared to high-price properties

Savvy investors understand that margin is created at purchase — and this price point creates that margin.

Important Due Diligence Considerations

As with any property built in 1948, buyers should conduct thorough inspections, including:

Roof condition

Foundation assessment

Electrical system review

Plumbing system evaluation

HVAC inspection

Moisture or drainage concerns

Flooring substructure

Because many features are listed as “See Remarks,” prospective buyers should obtain detailed disclosures and inspection reports prior to closing.

Final Thoughts

This 3-bedroom, 1-bath single-family home in Oakland Heights represents a compelling opportunity for value-focused buyers. With 1,400 square feet of living space, public utilities, established neighborhood location, and pricing at just $7 per square foot, the property stands out as a potential equity-builder.

Whether you’re:

An investor searching for your next project

A landlord expanding your portfolio

A first-time buyer willing to renovate

Or someone seeking affordable real estate with upside

This property checks key boxes: structure, space, utilities, and price.

Opportunities at this level do not remain available long. With smart planning, thoughtful renovation, and strategic execution, this Oakland Heights home could transform into a profitable investment or comfortable residence.

If you’re ready to turn potential into value, this is your chance to act.

Listed on Zillow