Step into a piece of history with this stunning mid-19th century property, originally built by William Shaw in the 1850s and beautifully situated in the quiet town of Alexandria. Rich with timeless character and thoughtfully adapted for modern living, this unique estate offers exceptional versatility—ideal for multi-family use or generating rental income to help offset your mortgage. The stately main residence is thoughtfully divided into two spacious units. The first-floor apartment features three large bedrooms, one full bath, and an impressive double parlor showcasing classic architectural columns, rich woodwork, french doors, and a fireplace that anchors the space. Upstairs, the second unit offers another three-bedroom, one-bath layout, highlighted by a recently restored Juliet balcony that adds a touch of elegance and charm. Comfort meets efficiency with mini-split systems providing heating and air conditioning throughout the main house, supported by an oil backup system for added reliability. Beyond the main home, the property continues to impress with two additional buildings - a carriage house offering a beautifully updated two-bedroom apartment with access to a spacious attic—ideal for storage or future possibilities. The third building offers a cozy one-bedroom, one-bath unit. Both are serviced by electric baseboard heat. For those needing space for vehicles, hobbies, or storage, the property delivers in a big way. The main home includes an oversized, deep garage used by the first-floor tenant, while the back buildings feature three additional large garage stalls—perfect for a boats, jet skis, kayaks, or workshop space. Outdoor enthusiasts will love the unbeatable location. The Lower Trail, offering 16 miles of scenic hiking and biking between Alexandria and Williamsburg, begins just at the end of town. Raystown Lake—one of Pennsylvania’s premier recreation destinations—is only a 20-minute drive away. Conveniently positioned, the property is approximately 30 minutes from both State College and Altoona, making it an ideal blend of peaceful small-town living with easy access to larger hubs. This is more than just a home—it’s a rare opportunity to own a piece of history with exceptional flexibility, space, and proximity to some of Central Pennsylvania’s best outdoor experiences.