yes, unfortunately, mommyoftwo is right, not the best part of town. I'd be suspicious of anything priced that low. We're just west of historic district and a 2 BR 1000-1500 s.f. millhouse sold in June for 178,000. Given the economy, you might find similar for cheaper esp if things are sitting a long time. West Hillsborough, a bit further west probably still has some good buys and has an active neighborhood association from what I hear. good luck!