1308 Main StBurgettstown, PA 15021

Property Details for 1308 Main St

Lot size

0.13 AC

Property size (Sq ft)

3,312 SF

Property type

Investment properties

Property subtype

Live-work space

APN

070-022-00-02-0006-00

APU

700220002000600

Description

This exceptional 5-unit apartment building, located at 1308 Main Street in Burgettstown, Pennsylvania, presents a compelling investment opportunity. Boasting a total of 3,312 square feet, this property offers a strong 10% capitalization rate and a healthy net operating income (NOI) of $23,500, with 100% occupancy. The building comprises two 2-bedroom units, one 1-bedroom unit, one efficiency unit, and a first-floor hair salon. Each unit includes two parking spaces, totaling 10 spaces for the entire property. Constructed in 1930, the building sits on a 5,362 square foot lot and is zoned residential (R-2). A significant recent improvement is a new metal roof installed in 2024. The asking price is $235,000, translating to an attractive $47,000 per unit. Please note that any non-conforming use requires approval from the zoning hearing board. The property's APN is 070-022-00-02-0006-00. This is a package deal and must be purchased with a separate 6,000 square foot shop/warehouse.

• CAP approach

  CAP return

  Valuation

  6%

  $629,867

  6.5%

  $581,415

  7%

  $539,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $309,804

  Geo Method

  $309,804

• Alternative Use

  Use

  Valuation

  Residential

  $720,955

  Hospitality

  $660,391

  Educational

  $549,438

  Medical

  $568,334

  Retail

  $854,681

Location Insight

City

Burgettstown

County

Washington

State

Pennsylvania

Latitude

40.3755

Longitude

-80.3914

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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