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Renovated Duplex with Separate Utilities
For Sale
$79,900

201 Water Street, Fayette City, PA 15438

One unit is rent-ready, while the second offers a spacious three-bedroom layout with room for cosmetic completion.

Property SizeContact for details
Days on Market122

Property Features for 201 Water Street

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi-Unit / Duplex
Zoning res

Taxes and HOA fees

Annual Taxes $1,172

Amenities

Yes
0.0
full

Building Details

Year Built 1850
Listing Agency: HOWARD HANNA MID MON VALLEY OFFICE
Listed By: Marie Slagus · License #rs224729L
Source: Compass
Added: May 1 Changed: Aug 29 Last Checked: Aug 29 at 7:53PM

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 HOWARD HANNA MID MON VALLEY OFFICE

Investment Insights

Based on property information with market context.

This residential duplex, built in 1850, includes one fully renovated unit that has not yet been occupied and is ready for leasing. The second unit is a spacious three-bedroom residence requiring primarily cosmetic work, with a flexible interior layout and existing laundry-area plumbing that may support conversion of the room into a full bathroom. An original tub remains behind the wall beside the current laundry room.

The property is served by separate utilities, supporting independent tenant billing and management. It currently operates as a two-unit building, while the interior configuration and available space are described as accommodating a possible third unit, with separate entrances for the tenants. Parking includes one dedicated on-site space along with ample on-street parking. The property is zoned res and located at 201 Water Street in Fayette City, Pennsylvania.

Key Highlights

  • Fully renovated unit has never been occupied and is ready for leasing
  • Second unit provides a spacious 3‑bedroom layout requiring primarily cosmetic work
  • Separate utilities support independent tenant billing and management

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

Demographics for 15438, PA

2,123
Population
902
Households
2.4
Avg Household Size
46
Median Age
22%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
190
Density / Sq Mi
$50,800
Median Household Income
$41,250
Median Earnings
$734
Median Rent
$117,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - One unit is rent-ready, while the second offers a spacious three-bedroom layout with room for cosmetic completion.
Where is this duplex located?
The property is located at 201 Water Street Fayette City, PA.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Fully renovated unit has never been occupied and is ready for leasing; Second unit provides a spacious 3‑bedroom layout requiring primarily cosmetic work; Separate utilities support independent tenant billing and management
More about this property
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