5-Unit Brick Apartment
For Sale
$375,000
314 East Lincoln Avenue, New Castle, PA 16101
The property includes shared laundry facilities and a mix of period architectural details.
Property SizeContact for details
Days on Market202
Property Features for 314 East Lincoln Avenue
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Multi-Unit / Other
Zoning
R-2
Occupancy
100%
Net Operating Income
$35,152
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Utilities to Site
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,168
Amenities
covered cement porch
common laundry room
wrought iron fencing
Yes
0.0
FullApt
Tile
Building Details
Year Built
1920
Buildings
1
Stories
3
Construction
solid brick
Tenancy
Multi
Listing Agency:
HOWARD HANNA REAL ESTATE SERVICES
Listed By:
RaeLyn Marburger · License #RS216809L
(724) 730-3400
Source:
Compass
Added: Apr 19
Changed: Nov 5
Last Checked: Nov 5 at 2:37AM
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 REAL ESTATE SERVICES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property at 314 East Lincoln Avenue is a brick building constructed in 1920 and zoned R-2. Interior features include oak trim and a staircase connecting the first through third floors. A covered porch, wrought-iron fencing, and a carriage approach contribute to the exterior character. The building also has a common laundry room with coin-operated washers and dryers.
The apartments are fully occupied, with long-term tenants. Gas, electric, water, and sanitation costs are combined and reported annually; tenants are charged for utilities. Laundry proceeds provide revenue separate from the stated gross operating income.
The apartments are fully occupied, with long-term tenants. Gas, electric, water, and sanitation costs are combined and reported annually; tenants are charged for utilities. Laundry proceeds provide revenue separate from the stated gross operating income.
Key Highlights
- Five‑unit brick apartment building, constructed in 1920
- R‑2 zoning
- Fully occupied with long‑term tenants
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes shared laundry facilities and a mix of period architectural details.
Where is this apartment building located?
The property is located at 314 East Lincoln Avenue New Castle, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Five‑unit brick apartment building, constructed in 1920; R‑2 zoning; Fully occupied with long‑term tenants
