Two-Story Single-Family
For Sale
$118,900
138 S MERCER Street, Linesville, PA 16424
ResidentialIncome, Linesville, PA
Property Size1,120 SF
Lot Size0.31 Acres
Price / SF$106.16
Days on Market161
Property Features for 138 S MERCER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Parking
2
Lot features
Cleared, Flat, Irregular Lot, Mineral Rights
Elementary school district
Conneaut
Middle school district
Conneaut
High school district
Conneaut
Directions
CCCH - Diamond to N Main, L on North, R on Terrace, L on Spring, R on Cussewago, L on Harmonsburg to Linesville, L on S Mercer, Property on R
Subdivision
27 - Spring/Beaver/Conneaut/Summerhill/Pine/Linesvill B/Summit
Standard status
Active
APN
3017-031
Size
1,120 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1242
Expense value
2000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Floors in Building
2
Number of units
1
Building materials
AluminumSiding, Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
ERA Richmond Real Estate Service · ERA Real Estate
(814) 337-6000
Listed By:
Annette Hoover · License #RS332922
(814) 282-6286
Added: May 11
Changed: Oct 17
Last Checked: Oct 18 at 9:06AM
MLS# 190837
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story single-family home offers an open layout with three bedrooms and two bathrooms. Convenient first-floor laundry is included, and the property also features an attached garage. Outside, there is a backyard with space for entertaining or gardening, along with a separate garage that can serve storage or workshop needs.
The home is situated on S Mercer Street in Linesville, PA, roughly a block from Main Street, offering an easy, walkable commute to the area’s core.
The property is listed at approximately 1,120 square feet on a 0.31-acre lot and is presented as a residential income option or personal residence, depending on the buyer’s plans.
The home is situated on S Mercer Street in Linesville, PA, roughly a block from Main Street, offering an easy, walkable commute to the area’s core.
The property is listed at approximately 1,120 square feet on a 0.31-acre lot and is presented as a residential income option or personal residence, depending on the buyer’s plans.
Key Highlights
- 2‑story home in Linesville, one block from Main Street
- 3 bedrooms and 2 bathrooms with an open layout
- First‑floor laundry and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,592
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,840
$171.8K
Cap Rate 7%
$122,743
$122.7K
Cap Rate 9%
$95,467
$95.5K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$16.5K $14.76/SF
− Vacancy
−$909 −$0.81/SF
EGI
$15.6K $13.95/SF
− OpEx
−$7.0K −$6.28/SF
NOI
$8.6K $7.67/SF
Area
Crawford County, PA
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,840
Cap Rate 7%
$122,743
Cap Rate 9%
$95,467
Alternative Uses
Best Use
Apartment 5plus
$122.7K
$107.4K – $143.2K
NOI $8,592 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.9K
$243.1K – $324.2K
NOI $19,450 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 16424, PA
4,405
Population
3,522
Households
1.3
Avg Household Size
51
Median Age
16%
College-Educated
93%
High-School Grad
70.5 sq mi
ZIP Area
62
Density / Sq Mi
$56,285
Median Household Income
$40,048
Median Earnings
$745
Median Rent
$128,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Two-story home with 3 bedrooms, 2 baths, first-floor laundry, and attached garage plus a separate garage.
Where is this single family property located?
The property is located at 138 S MERCER Street Linesville, PA.
What is the asking price?
The asking price for this property is $118,900.
What are key features of this property?
This property features: 2‑story home in Linesville, one block from Main Street; 3 bedrooms and 2 bathrooms with an open layout; First‑floor laundry and an attached garage
