Outstanding opportunity to own an income-generating 9-unit apartment building with off-street parking. The property features a mix of one- and two-bedroom units, with current rents ranging from $675 to $840, and a gross annual income of $78,396. Recent improvements include a newly resealed roof (07/2025), several recently updated units, new washer (2024). Tenants have access to an on-site coin-operated laundry area. Multiple units have passed local housing authority inspections—meeting all standards for habitability, safety, and functionality.
All units are under standard lease agreements and managed by a licensed property manager.
Owner pays gas, water, and trash; tenants pay electric (heat is electric baseboard).
Photos from prior rental listings. This is a true turnkey investment with strong cash flow and minimal upkeep—ideal for investors looking for a stable, professionally managed asset.
Under contract
Price cut: $15K (8/14)
$460,000
811 Wilmington Ave, New Castle, PA 16101
13beds
9baths
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingNewly resealed roofRecently updated unitsOn-site coin-operated laundry area
- 75 days |
- 189 |
- 8 |
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