Concerned about age of property

[Nelson M.]

Hello BP,

I have been looking at a few triplexes and I've noticed that most have been built before the 1900s. There is one that I'm quite interested in but it was built in 1820 and this has raised some concerns. I've budgeted for repairs and maintenance in my analysis but I don't want to underestimate the costs of owning such an aged property. I do plan on having a thorough inspection done but I wanted to ask the BP community beforehand for insight about any possible hidden costs I may be overlooking or any issues (such as asbestos, lead paint, etc) that I should be aware of when dealing with these type of buildings? 

Thank you for your help!