For Sale
$259,000

905 Cascade StNew Castle, PA 16101

Two-unit rental, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a two-unit multifamily property located at 905 S Cascade St, New Castle, PA 16101. The property, a brick veneer duplex, boasts a desirable R1 zoning classification, falling under Conditional Use within the city's regulations. The main unit, a two-story home, offers four bedrooms, 2.5 bathrooms, and a full walkout basement. Features include a large kitchen, a screened-in back porch with a ceiling fan, and an open deck. The master suite is conveniently located on the first floor, while three additional bedrooms and a full bath are situated upstairs. A shower and water closet are also available in the basement. The second unit is a single-story dwelling with two bedrooms, one full bathroom, and a full walkout basement, also including a shower and water closet. Significant recent improvements include a new roof (2023) and new HVAC system (2020). The property sits on a 0.31-acre lot and includes attractive landscaping features, such as a fenced-in backyard with a koi pond. This property offers a compelling combination of strong rental income potential and a high 10.50% cap rate, making it an ideal addition to any investment portfolio. The asking price is $259,000, with a price per unit of $129,500. The property is offered fee simple and is currently zoned for low-density residential use. The building is a 1951 construction with two stories. This is a fantastic opportunity to own a well-maintained, income-producing property in a desirable location.

Highlights

  • $259,000 asking price for a two-unit multifamily property.
  • 10.50% cap rate.
  • Two units, each priced at $129,500.
  • Located at 905 S Cascade St, New Castle, PA 16101, on a 0.31-acre lot.
  • Property features include a new roof (2023), new HVAC (2020), and a koi pond.
  • The main unit is a two-story, four-bedroom, 2.5-bathroom duplex with a full basement.

Property Details for 905 Cascade St

Property type
Residential income homes
Class
C
Year Built
1951
Stories
2
Lot Size (sq. ft)
13,504 SF
Units
2

Location Insight

City
New Castle
County
Lawrence
State
Pennsylvania
Latitude
40.985386814591
Longitude
-80.319680393585
905 Cascade St, New Castle, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
905 Cascade St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message