119 West Lincoln Street is a profitable multi-family compound on a 7,500 square-foot lot with premier location on the Courthouse Square and views of two of Marfa's most architecturally-significant buildings: the 1886 Presidio County Courthouse attributed to Alfred Giles and the Leighton Knipe designed First Christian Church. Run as a successful business for years, the property has both short and long-term rental income, is zoned Multifamily, and all buildings have been extensively renovated; a rare turn-key opportunity. The core of the property is the historic, century old adobe home with tiled front and back porches. At 1,910 square feet, it is currently configured as 2 bedrooms, a formal living room and adjacent chef’s kitchen with dining, 3 guest baths, and a laundry room with 1/2 bath. The floor plan allows for conversation to a 3 bedroom, 3.5 bath or possibly 4 suites with a shared kitchen. High ceilings, the original wood floors and 2 fireplaces, thick adobe walls, and almost all of the original millwork have been preserved and integrated seamlessly with the new bathrooms and kitchen. The home's attic is almost equal in size, with 8+ feet of clearance, and offers the potential to meaningfully expand the number of rental units.To the West of the main home, a former workshop was transformed into a 572 square-foot 1 bedroom, 1 bath casita with full kitchen, currently utilized as a long-term rental unit. The Casita fronts directly to Lincoln Street and has a fenced yard. Polished concrete floors, vaulted beam ceilings, and expansive custom metal doors make this unit feel far larger than its footprint. At the rear of the lot, just across the alley from the Hotel Paisano, is the 480 square-foot adobe studio. This low slung, vernacular structure was once a barn, and its rustic, plaster coated walls remain a prominent element in the updated design. With its raw wood ceilings, concrete floors, and elegantly-designed bathroom, the Studio is a stellar combination of old and new Marfa.Thoughtful landscaping and outdoor entertainment spaces unify the 3 structures. In the center of the rear yard, a former water tank has been transformed into a heated, filtered pool with river rock bottom, is enjoyable year round. Two covered porches, an outdoor projector and dedicated projector screen, native plants, gardens, and a deep custom-fabricated koi pond complete the cohesive outdoor program.