Discover a rare opportunity in the heart of historic Boalsburg Village—two dwellings plus a charming bonus log cabin structure on one parcel, all offering flexible living and investment potential. Built circa 1900, the John Jacobs House. A Victorian style home, is rich in warmth and character, featuring hardwood floors and high ceilings, and currently configured as three apartment-style units. With little effort, it could easily be transformed back into a spacious single-family residence or house retail businesses. The second dwelling, located at the rear of the property and accessed from Chambers Alley, showcases a spacious covered patio with handsome wide plank hardwood floors throughout the home. The main level includes 2 bedrooms, 1 full bath, a full kitchen with appliances, gas fireplace, washer/dryer, and central air. The upper-level unit offers 3 bedrooms, 1 bath, a full kitchen, and washer/dryer, with central air for added convenience. This home also has the flexibility to be reconfigured into a single-family residence with up to 5 bedrooms, offering even more options for future use. This home has 3 existing parking spaces. In addition, this lot contains a paved parking lot with up to 8 parking spaces providing ample off-street parking—an uncommon amenity for this location. The cabin on the property provides potential for extra storage, a workshop, or creative space. Zoned Village Commercial, the property invites endless possibilities: multi-unit rental, owner-occupied investment, live-work setup, or creative redevelopment. Located within close distance to dining, a brewery, coffee shops, and hiking trails—and just a short drive to Penn State University—opportunities like this don’t come along often.