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    129 Elm St Tionesta, PA 16353

    For Sale
    $439,000

    Historic Charm, Modern Amenities, Waterfront Views

    Property size:
    3,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Discover a unique investment opportunity: a meticulously renovated, mixed-use property located at 129 Elm St, Tionesta, PA 16353. This charming two-story building, originally constructed in 1840 and extensively updated in 2023, offers 3,196 square feet of space across seven units. The property boasts a prime location on a 0.74-acre lot with 361 feet of stunning waterfront access to Tionesta Creek and the Allegheny River. The building features six to seven bedrooms (one potentially captive), three bathrooms, a new roof, a refreshed porch, a completely updated electrical panel, and new lighting throughout. Currently vacant, the property is ready for immediate occupancy (April 25, 2024). Its mixed-use zoning (APN: 19-10-140-00) allows for diverse applications, including residential, short-term rental, bed and breakfast, or second home use. The property is fully furnished and turnkey ready, offering immediate revenue potential. Conveniently located near a public boat launch and within walking distance of downtown Tionesta, this property presents a rare blend of historical character, modern convenience, and exceptional waterfront views in a picturesque setting near the Allegheny National Forest and Tionesta Lake. The asking price is $439,000, translating to $137.36 per square foot. This is a value-add opportunity for an owner-occupant. The property is classified as Class B.

    Property Features for 129 Elm St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,196 SF
    Class
    B
    Lot Size
    32,234 SF

    Building Details

    Year Built/Renovated
    1840/2023
    Buildings
    1
    Stories
    2
    Units
    7

    HighLights

    • $439,000 asking price for a mixed‑use property in Tionesta, PA.
    • Seven‑unit multifamily property with 3,196 square feet.
    • Currently vacant, with an occupancy date of April 25, 2024.
    • Located on a 0.74‑acre lot with mixed‑use zoning.
    • Recently renovated in 2023, originally built in 1840.
    • Features include a new roof, porch, updated electrical panel, and new lighting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tionesta
    County
    Forest
    State
    Pennsylvania
    Longitude
    -79.455306979627
    Latitude
    41.488253158006

    Nearby Comparable

    • $230,000
      13.36 Acres

      Scenic Wooded Property Near Cook Forest

      Wooded property perfect for hunting, recreation, or weekend getaway.
      Route 36, Pleasantville, PA 16353
      View Details
    • $550,000
      108 SF

      Turnkey Hunting Property with Cabin

      Hunting land with cabin, food plots, and bordering state forest.
      183 Davey Ln, Pleasantville, PA 16341
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Charm, Modern Amenities, Waterfront Views
    Where is this multifamily property located?
    The property is located at 129 Elm St Tionesta, PA.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: $439,000 asking price for a mixed-use property in Tionesta, PA.; Seven-unit multifamily property with 3,196 square feet.; Currently vacant, with an occupancy date of April 25, 2024.
    Request Owner's contact information
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    Tionesta, PA 16353
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    129 Elm St Tionesta, PA 16353
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