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5-Unit Brick Apartment Building
For Sale
$200,000

307 Highland Ave, New Castle, PA 16101

ResidentialIncome, New Castle, PA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market52

Property Features for 307 Highland Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Zoning description MULTI
Bedrooms 6
Full bathrooms 5
Rooms Bathroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 5
Parking 5
Parking features Off Street
Subdivision NEW CASTLE DISTRICT 02 0035
Elementary school district New Castle
Middle school district New Castle
High school district New Castle
Directions USE GPS
Standard status Active
Lot size 0.15 Acres

Taxes and HOA fees

Tax Annual Amount 1562

Amenities

off-street parking
full front porch

Building Details

Year built 1900
Number of units 5
Building materials Brick
Roof type Asphalt
Listing Agency: YOUR TOWN REALTY LLC
Listed By: David Brunton · License #RS306415
Added: Aug 26 Changed: Oct 15 Last Checked: Oct 16 at 10:06AM
MLS# 1770012

Copyright © 2026 West Penn Multi List, Inc. 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.

Built in 1900, this 5-unit apartment building has brick construction and a full front porch. The property occupies a 0.15-acre lot and includes off-street parking. Gas, water, and sanitation are paid by the owner, along with electricity for the second-floor studio apartment.

The building is in New Castle, near downtown, an amphitheater, bus service, and shopping plazas. Its zoning designation is MULTI.

Key Highlights

  • Five occupied apartments in a brick building
  • 0.15‑acre lot with off‑street parking
  • Built in 1900

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Hair Salon Parking Lot & Garage Daycare Center

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,001
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All five apartments are occupied, and the property includes off-street parking and a front porch.
Where is this apartment building located?
The property is located at 307 Highland Ave New Castle, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Five occupied apartments in a brick building; 0.15‑acre lot with off‑street parking; Built in 1900
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