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Triplex Income Property
For Sale
$109,000
Pending

224 4th Street, Ellwood City, PA 16117

Triplex with separate electric service and exterior entrances for upper apartments, plus updates on the second floor.

Property SizeContact for details
Days on Market241

Property Features for 224 4th Street

General Information

Standard status Pending
Property subtype Multi-Unit / Triplex
Zoning R2

Taxes and HOA fees

Annual Taxes $2,306

Amenities

Yes
0.0
Asphalt

Building Details

Year Built 1927
Stories 3
Listing Agency: PREFERRED PROPERTIES, INC.
Listed By: Lydia Ialongo · License #RS213776L
Source: Compass
Added: Jan 8 Changed: Aug 8 Last Checked: Jul 24 at 12:46PM

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 PREFERRED PROPERTIES, INC.

Investment Insights

Based on property information with market context.

This triplex provides separate electric for the apartments, with the seller paying all utilities. The first-floor unit has a long-term tenant who mows the yard. The second- and third-floor apartments have exterior entrances, and the units are described as month-to-month with no leases.

Updates include a new kitchen, along with new carpet and paint on the second-floor apartment. The property is within short walking distance to town and a park.

As presented, the building offers a straightforward income structure with separate electric metering and controlled entry access for the upper floors via exterior stairs.

Key Highlights

  • Triplex built in 1927 with basement and asphalt roof
  • 1st‑floor long‑term tenant; upper apartments have exterior entrances for separate access
  • Separate electric service for the building; seller pays all utilities

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center Electrical Service Cafe & Coffee Shop Furniture & Home Goods

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

556
Businesses Nearby

Demographics for 16117, PA

16,459
Population
7,995
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
36.4 sq mi
ZIP Area
452
Density / Sq Mi
$69,982
Median Household Income
$45,129
Median Earnings
$856
Median Rent
$143,000
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 - Triplex with separate electric service and exterior entrances for upper apartments, plus updates on the second floor.
Where is this triplex located?
The property is located at 224 4th Street Ellwood City, PA.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: Triplex built in 1927 with basement and asphalt roof; 1st‑floor long‑term tenant; upper apartments have exterior entrances for separate access; Separate electric service for the building; seller pays all utilities
More about this property
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