An incredible opportunity in the heart of Healdsburg, only 4.5 blocks to the plaza. This 0.72± acre level lot is believed to be the most expansive residential property exclusively within a half-mile radius of the plaza on the downtown side of the freeway. Primed for your ultimate family compound, estate development, and/or lot split. There are currently 3 structures on the property offering immediate rental income. The iconic two-story home, constructed in 1884 by a member of the prominent Alexander family, is currently configured into four units. Across the driveway, there is a duplex, and beautifully updated 2 bedroom single family home. At the rear of the parcel, an expansive open field captures your attention with a second separate deeded driveway. Moreover, the tentative parcel map is already approved by the city for a lot split, providing time and cost savings for a new owner who opts to fulfill the remaining conditions and finalize the map. The discerning buyer has a multitude of options with this property. Imagine walking to Single Thread, shopping at the farmer's market on Saturday morning, or listening to music in the plaza on a summer night. Seize the opportunity to possess one of the most coveted prime real estate parcels in the downtown residential neighborhood.