39x165 lot which allows a duplex to be built. Knight Street is being re-gentrified! This property falls within the GRACE STREET CONSERVATION AREA Rehabilitation Infill Zone which may make it eligible for the City's Real Estate Rehabilitation and Renovation Program. This program grants real estate tax exemptions for eligible and qualified properties under rehabilitation/renovation. New construction on vacant parcels in select inner city areas now qualifies for a partial real estate tax exemption. Vacant parcels located in select districts identified on Map of Rehabilitation, Redevelopment and Conservation Districts. Select areas of the City can apply for a 50% exemption based on the cost of new construction. Exemption periods are as follows: Ten years for residential. Three year phase-out at 25% per year starting year 7. Tax exemption can be transferred to new owner.