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    316 Rhodes Pl New Castle, PA 16101

    • Investment properties
    • 8,830 SF
    • 2.51 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Last Sale
    Nov 19, 2024
    $237,000
    Location Intelligence
    Property ID
    US73-3328430
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 316 Rhodes Pl

    Year built
    1894
    Construction
    BRICK
    Lot size
    2.51 lot acres
    Property size
    8,830 SF
    Zone code
    R-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-197100
    APU
    2197100

    Description

    This exceptional New Castle, Pennsylvania mixed-use property offers a compelling investment opportunity. Situated on a 2.51-acre lot, the property comprises two distinct facilities totaling 11,300 square feet. First, an 8,800 square foot, impeccably restored mansion currently operates as a four-unit multi-family residence, blending historic charm with modern amenities. Secondly, a 72-bed former personal care facility presents a significant value-add opportunity, available at a price substantially below reconstruction cost. The property benefits from ample parking, beautiful grounds, and a prime location in New Castle, zoned R2. Built in 1982, this property is priced at $1,200,000, or $176.99 per square foot. This unique offering presents a myriad of potential uses and significant financial upside for the discerning investor. The address is 316-318 Rhodes Pl, New Castle, PA 16101. This is a distressed sale representing an incredible financial opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $220,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $240,000
      Mixed-Use
      $260,000
      Hospitality
      $230,000
      Educational
      $250,000
      Residential Income
      $215,000
      Energy
      $230,000
      Income-Based Land
      $250,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Lawrence
    State
    Pennsylvania
    Longitude
    -80.3388
    Latitude
    41.0043
    CBSA code
    35260
    CBSA name
    NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,575
    $65,600
    $1,318,500
    $1,384,100
    -
    $65,600
    $1,318,500
    $1,384,100

    Comparable in this City

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    • Value Estimation
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      Kittery Rdg Rd

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    • Value Estimation
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      704 Hbr Rd

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      View Details
    • Value Estimation
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      2,280 SF

      1509 Harlansburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,280 SF
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      View Details
    • Value Estimation
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      Hillside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 672 SF
      Hillside Ave, New Castle, PA 16101
      View Details
    • Value Estimation
      $270,000
      2,144 SF

      1705 Frew Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,144 SF
      1705 Frew Ml Rd, New Castle, PA 16101-7645
      View Details

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    316 Rhodes Pl
    New Castle, PA 16101
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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
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