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    726 Fairview Ave Irwin, PA 15642

    For Sale
    $450,000

    Five-unit complex, high-traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a five-unit multi-family property situated on a 0.14-acre lot at 726 Fairview Ave, Irwin, PA. The property comprises a triplex and a duplex, offering a diverse rental portfolio. The majority of utilities are individually metered for efficient management. A significant advantage is the presence of a shared basement equipped with laundry facilities and several secure, individual storage units for tenants. The duplex includes a one-car garage, offering an additional income stream through separate rental. Further enhancing tenant appeal is the availability of additional off-street parking for the duplex residents. The property benefits from a highly convenient location, near the on/off ramp for the Turnpike and Route 30, placing it within one mile of a bustling commercial area. This area includes prominent retailers such as Norwin Hills Shopping Center, Walmart, Target, Planet Fitness, and numerous restaurants, ensuring high tenant demand. Currently, four of the five units are leased, generating a monthly income of $3560. The fifth unit is vacant but nearly ready for occupancy. A market rent analysis suggests a potential monthly income of $5000 is achievable, representing a significant return on investment. This property presents a fantastic opportunity for a savvy investor seeking a strong cash flow and appreciation potential in a desirable location. The property is priced at $450,000.

    Property Features for 726 Fairview Ave

    General Information

    Property type
    Residential income properties
    Lot Size
    6,098 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Irwin
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.70175
    Latitude
    40.32924

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    FAQs

    What type of property is this?
    Residential income property - Five-unit complex, high-traffic location.
    Where is this residential income property located?
    The property is located at 726 Fairview Ave Irwin, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    (724) 933-8500
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    726 Fairview Ave Irwin, PA 15642
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    Irwin, PA 15642
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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
    726 Fairview Ave Irwin, PA 15642
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