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Two-Unit Multifamily Home
New
For Sale
$89,500

731 731.5 E Main St, New Castle, PA 16101

Both residences are fully rented and feature separate floor-level living areas.

Property SizeContact for details
Days on Market5

Property Features for 731 731.5 E Main St

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Building Details

Year Built 1978
Listing Agency: Coldwell Banker Realty
Listed By: Jackson Realty Group
Source: Jacksonrealty
Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 8:14AM

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 Coldwell Banker Realty

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Investment Insights

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This two-unit, multi-level property has a layout that places each residence’s living area on its own floor. Both units are all-electric and include a stove, refrigerator, wall-unit air conditioner, and storage. The home was built in 1978. Hot water tanks were replaced about five years ago, and carpet on the upper level was updated a couple of years ago.

The property occupies a private lot with off-street parking in front. Both units are currently rented.

Key Highlights

  • Two residences, each with living space arranged on a separate floor
  • Both units are fully rented
  • Each unit includes a stove, refrigerator, and wall‑unit air conditioner

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Furniture & Home Goods Parking Lot & Garage Bakery Catering Service Dental Office

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

528
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?
Multifamily property - Both residences are fully rented and feature separate floor-level living areas.
Where is this multifamily property located?
The property is located at 731 731.5 E Main St New Castle, PA.
What is the asking price?
The asking price for this property is $89,500.
What are key features of this property?
This property features: Two residences, each with living space arranged on a separate floor; Both units are fully rented; Each unit includes a stove, refrigerator, and wall‑unit air conditioner
More about this property
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