$80,000
$25K PRICE DROP

42 W 4th St Oil City, PA 16301

Estimated payment $568/month

Total Views 35,352
6 Beds
3 Baths
2,616 Sq Ft
$31 Price per Sq Ft

Highlights

  • Deck
  • Forced Air Heating System
  • Wood Siding
  • Porch

About This Home

This side by side Duplex is fully rented with great income earning potential. The left unit has many new updates (windows, doors, flooring, wiring) that has 3 Bedrooms and 2 Baths. The right unit has an existing long term tenant that has been there for quite some time which has 3 bedrooms and 1 Bath. Both units have an attic that can be used for storage or converted into livable space. Both basements are have walk out access. All utilities for both units are separate. Perfect investment property for someone wanting to grow their portfolio or looking to get into the landlord business!

Listing Agent

Jason Rockwell

ERA Johnson Real Estate Brokerage Phone: 7243474011 License #RS349118 Listed on: 01/09/2025

ERA Johnson Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1908

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 49'x75'x49'x75'

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16,020.-148..-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,502

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Lot Size: 49'x75'x49'x75'
  • Exclusions: Appliances in the right hand side belong to the tenant.
  • Directions: Fromm VCCH: Turn Left onto Liberty Street. Turn Left onto US-62 N/Allegheny Blvd. Turn Right onto Petroleum Street. Turn Right onto W 4th Street. House is on the Right Side.
  • Building Stories: 2
  • Year Built: 1908
  • Attribution Contact: 7243474011
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Unit 1 Stove, Unit 1 Refrigerator
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Total Bedrooms: 6
  • Flooring: Laminate

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Patio And Porch Features: Deck, Porch
  • Roof: Composition

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 1450
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Tax Info

  • Tax Annual Amount: 1502
  • Tax Map Number: 16,020.-148..-000
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,620 $43,490 $2,680 $40,810
2024 $1,502 $43,490 $2,680 $40,810
2023 $1,502 $43,490 $2,680 $40,810
2022 $1,502 $43,490 $2,680 $40,810
2021 $1,502 $43,490 $2,680 $40,810
2020 $1,502 $43,490 $2,680 $40,810
2019 $1,502 $43,490 $2,680 $40,810
2018 $1,502 $43,490 $2,680 $40,810
2017 -- $43,490 $2,680 $40,810
2016 $1,502 $43,490 $2,680 $40,810
2015 -- $43,490 $2,680 $40,810
2014 -- $43,490 $2,680 $40,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $80,000 -11.1% --
04/15/2025 04/15/25 Price Changed $90,000 -10.0% --
04/04/2025 04/04/25 Price Changed $100,000 -4.8% --
01/09/2025 01/09/25 For Sale $105,000 +19.3% --
09/29/2023 09/29/23 Sold $88,000 -11.9% $34 / Sq Ft
07/10/2023 07/10/23 Price Changed $99,900 -2.8% $38 / Sq Ft
06/05/2023 06/05/23 Price Changed $102,800 -4.7% $39 / Sq Ft
05/18/2023 05/18/23 Price Changed $107,900 +8.0% $41 / Sq Ft
02/13/2023 02/13/23 Price Changed $99,900 -3.8% $38 / Sq Ft
02/02/2023 02/02/23 Price Changed $103,900 -4.6% $40 / Sq Ft
01/26/2023 01/26/23 Price Changed $108,900 -8.5% $42 / Sq Ft
10/06/2022 10/06/22 For Sale $119,000 +197.5% $45 / Sq Ft
07/15/2022 07/15/22 Sold $40,000 -18.4% $15 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $49,000 -- $19 / Sq Ft
Source: Allegheny Valley Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $88,000 None Listed On Document
Deed $40,000 Surety Settlement Services
Warranty Deed $30,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $88,000 New Conventional
Previous Owner $10,000 Future Advance Clause Open End Mortgage
Previous Owner $24,000 Future Advance Clause Open End Mortgage
Previous Owner $24,000 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: Allegheny Valley Board of REALTORS®

MLS Number: 161116

APN: 16-020-148-000