Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R-2 Medium Density Residential Districts are for single and two-family residential developments, in certain instances multi-family developments are permitted. R-3 High Density Residential Districts are for multi-family r…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-2 · New Castle, PAR-2 Medium Density Residential Districts are for single and two-family residential developments, in certain instances multi-family developments are permitted. R-3 High Density Residential Districts are for multi-family r…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R-2 Medium Density Residential Districts are for single and two-family residential developments, in certain instances multi-family developments are permitted. R-3 High Density Residential Districts are for multi-family r…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-2 in New Castle, PA.
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