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    503 S Walnut St New Castle, PA 16101

    Pending
    For Sale
    $119,000

    Fourplex, Quadruplex - New Castle, PA

    Type:Quadruplex
    Lot size:
    0.06 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 503 S Walnut St

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Pending
    Zoning
    R2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    Parking features
    On Street
    Lot size
    0.06 Acres

    Building Details

    Year built
    1910
    Number of units
    4
    Building materials
    Cedar
    Roof type
    Asphalt
    Architectural style
    Other

    Castle Realty (724) 654-5589 [email protected]

    Listing agent Francesca Ferrara (724) 654-5589

    Listing date Oct 16, 2025

    MLS# 1720174 Listing URL

    Copyright © 2025 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Fourplex Investment Property

    This is a fully occupied four-unit multifamily property. The fourplex has been updated and features separately metered utilities for each unit. A new front deck enhances the property's curb appeal. The first-floor unit includes a private back patio. Located in New Castle, Pennsylvania, the property is situated in Lawrence County and has a lot size of 0.062 acres. The property is zoned R2.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.336552
    Latitude
    40.997032

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied and updated four-unit multifamily property with strong rental income.
    Where is this quadplex located?
    The property is located at 503 S Walnut St New Castle, PA.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Fully occupied 4-unit property generating strong rental income.; - Separately metered utilities for each unit simplifies management and tenant billing.; - Updated units with modern finishes attract quality tenants and reduce maintenance.
    (724) 654-5589
    Request Owner's contact information
    503 S Walnut St New Castle, PA 16101
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    New Castle, PA 16101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 S Walnut St New Castle, PA 16101
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