Number 43 on Anchor Road requires a full renovation and refurbishment and is positioned close to a number of local amenities, transport links and BAE Systems, said a listing.
It is being marketed by Poole Townsend Estate Agents and is listed with Auction House Cumbria with a guide price of £20,000.
The estate agent said: “The spacious accommodation would make an ideal investment purchase and renovation project.”
The ground floor accommodation includes a vestibule into the hall, two reception rooms and a kitchen.
The first-floor landing provides access to three bedrooms and a shared bathroom.
The property will go under the hammer at Auction House Cumbria’s next event which will be held at Halston Hotel on Warwick Road in Carlisle at 12pm on Thursday October 24.