Pete, Brooklyn, Denver and some other historic places there's a charm in splitting lots so that the historic home can stay. 

Is the building in a historic area that may tie you up with red tape when you try to improve it? 

The most common way to get the solution in on those species is to punch, or incise, those little slits in the lumber.The stuff they use to pressure treat the wood was historically also different in the incised timber.

Sounds all good to me EXCEPT my property manager told me Sargeant St has historically had a drug and crime problem.

Real estate is one of the few (if not only) assets that allows the owner to depreciate an asset that historically appreciates over time. 

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing by Paul MillerNEW for 2017! 

Just closed on two flips in downtown historic San Antonio.

German Village is a historic neighborhood with the most expensive real estate in the State of Ohio.

Reminder that even if these folks have a historical tenure at the location, you may need to do some renovations to keep it functional - which means you may need to move them out anyway!

I manage a commercial building in a historic downtown area the bottom level is rented out to a store and there are two apartments upstairs I rent out.