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    Duplex with Two Income Units Title is generated by Realmo AI

    602 9th Avenue, Irwin, PA 15642

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    New
    For Sale
    $185,000

    Two occupied units with separate storage and laundry hookups, plus recent mechanical updates including a 2024 furnace.

    Type:Multi-Unit / Duplex
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 2:16 am

    Property Features for 602 9th Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi-Unit / Duplex

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    Victoria Scalise

    Listing agent Victoria Scalise License #AB068264

    Listing office SCALISE REAL ESTATE

    Listing date Jun 1, 2026

    Source Compass

    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 SCALISE REAL ESTATE

    HighLights

    • Occupied duplex with month‑to‑month tenants on both units, offering flexible transition
    • Downstairs 2‑bedroom, 1‑bath unit with a private side porch leading into the kitchen
    • Upstairs studio/1‑bath layout
    • Full basement includes individual storage and separate laundry hookups for both units
    • Newer furnace (2024) and roof replaced in 2012
    • Asphalt roof and porch frontage; street parking available

    Overview

    This duplex offers two income-producing residential units with separate living layouts. The downstairs unit is a spacious 2-bedroom, 1-bath configuration with a private side porch leading into the kitchen. The upstairs unit features a studio/1-bath layout. A welcoming front porch adds outdoor space at the front of the property. Both units benefit from a full basement that provides individual storage space and separate laundry hookups.

    The property is located at 602 9th Avenue in Irwin, Pennsylvania, on a quiet street with abundant street parking. The public remarks describe an easy walk into downtown Irwin and its shops, restaurants, and amenities.

    The units are currently occupied by tenants on a flexible, month-to-month basis, which may support straightforward transition planning for an owner. For investors and portfolio builders, the property includes major mechanical updates, including a newer furnace installed in 2024 and a roof replaced in 2012. With interiors described as a workable canvas for improvements, the duplex may fit buyers looking to personalize or refresh the units while maintaining a current rental position.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irwin
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.724
    Latitude
    40.3156

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    FAQs

    What type of property is this?
    Duplex - Two occupied units with separate storage and laundry hookups, plus recent mechanical updates including a 2024 furnace.
    Where is this duplex located?
    The property is located at 602 9th Avenue Irwin, PA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Occupied duplex with month‑to‑month tenants on both units, offering flexible transition; Downstairs 2‑bedroom, 1‑bath unit with a private side porch leading into the kitchen; Upstairs studio/1‑bath layout
    (724) 516-7467
    We can help!
    Listing Contact
    Victoria Scalise
    Real Estate License ID: AB068264
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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