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Triplex with Separate Utilities
For Sale
$198,000

464 Reed Ave, Monessen, PA 15062

Three apartments offer a two-bedroom, two-bedroom, and one-bedroom mix, with individual utility service for each.

Property SizeContact for details
Days on Market14

Property Features for 464 Reed Ave

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3
Individually Metered Utilities electric, gas, water

Taxes and HOA fees

Annual Taxes $2,220
Listing Agency: HOWARD HANNA MID MON VALLEY OFFICE
Listed By: Marie Slagus · License #RS224729L
Source: Exprealty
Added: Oct 18 Changed: Oct 27 Last Checked: Oct 30 at 5:38PM

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

Rey
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Investment Insights

Based on property information with market context.

This renovated triplex contains three units: two with two bedrooms each and one with a single bedroom. Utility service for electricity, gas, and water is separately metered for every apartment, and the property has newer mechanical systems. One two-bedroom unit includes a fireplace and in-unit laundry; the other has a computer nook. The one-bedroom apartment provides first-floor, level-entry access and an updated bathroom. Outdoor space is available in the backyard.

Located at 464 Reed Ave in Monessen, Pennsylvania, the property combines a varied unit mix with distinct features across the apartments.

Key Highlights

  • Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom apartment
  • Separate electric, gas, and water service for each unit
  • Renovated property with newer mechanical systems

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby

Demographics for 15062, PA

6,880
Population
4,015
Households
1.7
Avg Household Size
48
Median Age
25%
College-Educated
92%
High-School Grad
2.9 sq mi
ZIP Area
2,372
Density / Sq Mi
$51,094
Median Household Income
$37,221
Median Earnings
$678
Median Rent
$87,100
Median Home Value
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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?
Triplex - Three apartments offer a two-bedroom, two-bedroom, and one-bedroom mix, with individual utility service for each.
Where is this triplex located?
The property is located at 464 Reed Ave Monessen, PA.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom apartment; Separate electric, gas, and water service for each unit; Renovated property with newer mechanical systems
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