Outstanding opportunity to own a fully rented, 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.
For sale
$475,000
811 Wilmington Ave, New Castle, PA 16101
13beds
9baths
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Newly resealed roofRecently updated units
- 15 days
- on Zillow |
- 491 |
- 12 |
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