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Listed by Michael Fiteni • LPMG Management Co.
$79,000
Est. payment /mo
3,485 Sqft Lot
Active
101 W WATER ST New Philadelphia, PA 17959
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PASK2029238
Year Built 1925
Annual Tax Amount $2,598
Tax Year 2026
Lot Size 3,485 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
6-Unit Multifamily Value-Add Opportunity. Calling all investors and value-add buyers: this 6-unit multifamily property is priced to move and built for upside. With a unit mix of three 1-bedroom and three 2-bedroom apartments, this full-renovation project offers a rare entry point into multifamily ownership at a fraction of replacement cost.
The property needs a complete renovation, making it a strong fit for an experienced rehabber, contractor-investor, or buyer looking to drive appreciation through a full stabilization plan. Once renovated and leased at market rents, the projected gross annual income ranges from approximately $68,400 to $72,000, based on estimated rents of $900/month for the 1-bedroom units and $1,000–$1,100/month for the 2-bedroom units.
At an asking price of just $79,900 for six units, this deal offers significant upside for buyers willing to put in the work. Whether you're expanding a rental portfolio or taking on your next ground-up rehab, this property is a compelling opportunity to build equity from day one. The property is being sold as a full renovation/value-add opportunity, ideal for investors comfortable managing a rehab from the ground up.
Serious, qualified buyers only.
The property needs a complete renovation, making it a strong fit for an experienced rehabber, contractor-investor, or buyer looking to drive appreciation through a full stabilization plan. Once renovated and leased at market rents, the projected gross annual income ranges from approximately $68,400 to $72,000, based on estimated rents of $900/month for the 1-bedroom units and $1,000–$1,100/month for the 2-bedroom units.
At an asking price of just $79,900 for six units, this deal offers significant upside for buyers willing to put in the work. Whether you're expanding a rental portfolio or taking on your next ground-up rehab, this property is a compelling opportunity to build equity from day one. The property is being sold as a full renovation/value-add opportunity, ideal for investors comfortable managing a rehab from the ground up.
Serious, qualified buyers only.
Location
State PA
County Schuylkill
Area New Philadelphia Boro (13354)
Zoning R-3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Saint Clair Area
Others
Tax ID 54-02-0200
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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