737 Allegheny Riv Blvd Verona, PA 15147-1355
This exceptional investment opportunity in Verona, PA, presents a unique blend of commercial and residential real estate. Situated in the thriving Verona Business District, just minutes from Oakmont, the property boasts five updated residential units above a retail space, offering immediate income potential. Four of the units are one-bedroom, one-bathroom apartments, each thoughtfully renovated to combine modern amenities with classic charm. A unique feature is the inclusion of two two-bedroom, one-bathroom units, providing larger living spaces and potentially higher rental income. The property also includes convenient on-site laundry facilities in the basement for tenant use, adding value and convenience. Limited off-street parking is available for residents. The retail space below offers significant commercial potential, allowing for a variety of business ventures to capitalize on the high-traffic location within the vibrant Verona Business District. The property's prime location provides easy access to a range of local amenities, including shops and restaurants, ensuring high tenant demand and strong rental income. This property is an ideal investment for those seeking a diversified portfolio with both residential and commercial income streams. The 0.06-acre lot provides a manageable footprint for this established property. Priced at $475,000, this is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.