Duplex with Finished Attic
537-539 West 1st Avenue Parkesburg, PA 19365
537-539 West 1st Avenue, Parkesburg, PA, 19365
$475,000
Pending
For Sale
$475,000
Pending
For sale duplex offered as two 3-bedroom homes with a finished attic and off-street parking on a corner lot.
Property Size2,526 SF
Days on Market115
Property Features for 537-539 West 1st Avenue
General Information
- Standard status
- Pending
- Size
- 2,526 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Foraker Realty Co.
(484) 748-1032
Listed by
Anthony James Cerullo
(484) 748-1032
Source
Compass
Added: Mar 30 Updated: Jul 21 at 9:44PM Checked: Jul 21 at 9:44PM
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 Foraker Realty Co.
Investment Insights
Based on property information with market context.
This for-sale duplex is being sold as two connected units, each offering a living and dining area, a large kitchen, a laundry room, and additional first-floor storage. Both units include three bedrooms and a full bath on the second floor, along with a finished attic previously used as an additional bedroom or flex space and equipped with electric heat.
The unfinished basements include newer water heaters and gas hot air furnaces. Interior finishes include refinished pine and oak flooring throughout with no carpet. The property provides off-street parking and is situated on a corner lot.
The duplex is located in Parkesburg, with convenience to downtown noted in the listing remarks. The property is being sold as-is, and both month-to-month leases are in place according to the public remarks.
The unfinished basements include newer water heaters and gas hot air furnaces. Interior finishes include refinished pine and oak flooring throughout with no carpet. The property provides off-street parking and is situated on a corner lot.
The duplex is located in Parkesburg, with convenience to downtown noted in the listing remarks. The property is being sold as-is, and both month-to-month leases are in place according to the public remarks.
Key Highlights
- Duplex sold as both sides together: two 3‑bedroom homes with a finished attic (bonus/flex room)
- Finished attic includes electric heat and has been used as an additional bedroom or flex space
- Each unit includes a living/dining area, large kitchen, laundry room, and additional storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $19.20 |
| − Vacancy | −$7.0k | −$2.78 |
| EGI | $41.5k | $16.42 |
| − OpEx | −$12.4k | −$4.92 |
| NOI | $29.0k | $11.49 |
2,526 SF · lease $19.20/SF/yr · vacancy 14.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.7K
$362.8K – $483.8K
NOI $29,027 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$391.3K
$342.4K – $456.5K
NOI $27,390 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$765.9K
$670.1K – $893.5K
NOI $53,610 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale duplex offered as two 3-bedroom homes with a finished attic and off-street parking on a corner lot.
Where is this duplex located?
The property is located at 537-539 West 1st Avenue Parkesburg, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex sold as both sides together: two 3‑bedroom homes with a finished attic (bonus/flex room); Finished attic includes electric heat and has been used as an additional bedroom or flex space; Each unit includes a living/dining area, large kitchen, laundry room, and additional storage
