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Triplex with Renovation Opportunity
For Sale
$130,000

1220 Randolph St, New Castle, PA 16101

Two units are occupied, while the third-floor unit is prepared for renovation and future leasing.

Property SizeContact for details
Days on Market10

Property Features for 1220 Randolph St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

off-street parking
large backyard

Building Details

Year Built 1920
Buildings 1
Listing Agency: Realty One Group Gold Standard
Listed By: Jackson Realty Group
Source: Jacksonrealty
Added: Aug 23 Changed: Aug 31 Last Checked: Aug 31 at 2:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Gold Standard

Investment Insights

Based on property information with market context.

Built in 1920, this three-unit residential income property offers an existing rental component alongside a third-floor unit that has been stripped for renovation. The first- and second-floor residences are currently rented, while the upper unit provides a defined project for restoring the full configuration. Off-street parking and a large backyard add practical amenities for occupants.

The property is located near shopping, restaurants, grocery stores, and other everyday services. Downtown New Castle and major routes are also accessible from the property, supporting convenient commuting and daily errands. The triplex format, current occupancy in two units, and unfinished third-floor space provide a straightforward combination of operating rental space and renovation work.

Key Highlights

  • Triplex built in 1920
  • First- and second‑floor units are currently rented
  • Stripped third‑floor unit ready for renovation

Property Analytics

Current Use

345t 5td3 450n Gym & Fitness Center

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Cafe & Coffee Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

251
Businesses Nearby

Demographics for 16101, PA

31,960
Population
14,755
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
92%
High-School Grad
69.2 sq mi
ZIP Area
462
Density / Sq Mi
$50,481
Median Household Income
$36,670
Median Earnings
$706
Median Rent
$109,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Two units are occupied, while the third-floor unit is prepared for renovation and future leasing.
Where is this triplex located?
The property is located at 1220 Randolph St New Castle, PA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Triplex built in 1920; First- and second‑floor units are currently rented; Stripped third‑floor unit ready for renovation
More about this property
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