$119,000
UNDER CONTRACT

503 S Walnut St New Castle, PA 16101

Estimated payment $672/month

Total Views 67,858
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Turnkey 4-Plex Investment Property – Fully Occupied & Updated! Fantastic opportunity to own a well-maintained, fully occupied 4-unit multifamily property with strong rental income! This updated 4-plex features separately metered utilities for each unit, making management and tenant billing simple and efficient. The property boasts a brand new front deck, adding curb appeal and a welcoming touch for tenants and guests. The first-floor unit includes a charming private back patio—a rare bonus for added outdoor enjoyment. Each unit has been thoughtfully updated, offering modern finishes that attract quality tenants and reduce maintenance headaches. Located in a convenient area with strong rental demand, this is an ideal addition to any investor’s portfolio.

Listing Agent

Francesca Ferrara

CASTLE REALTY Listed on: 09/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $576

Year Built

  • Built in 1910

Lot Details

  • 2,701 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Asphalt Roof
  • Cedar

Additional Features

  • Basement

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $700
  • Gross Income $24,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$576

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Municipality: New Castle
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Lot Size Acres: 0.062
  • Lot Size: 0.062
  • Directions: GPS
  • Architectural Style: Fourplex
  • Year Built: 1910
  • Property Sub Type Additional: Quadruplex
  • Special Features: UnderContract

Interior Features

  • Basement YN: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Cedar

Garage/Parking

  • Parking Features: On Street

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available

Schools

  • Junior High Dist: New Castle

Lot Info

  • Zoning: R2
  • Zoning Description: R2

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 24300.0
  • Insurance Expense: 700.0

Tax Info

  • Tax Annual Amount: 576.0

Map

Range of Values:

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2025 09/08/25 For Sale $119,000 -- --
Source: West Penn Multi-List

About the Listing Agent

Francesca's Other Listings

  • 606 Court St, New Castle, PA 16101

    $79,000 Under Contract

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    • New Castle, PA

    TRIPLEX READY TO MOVE IN AND ADD TO YOUR PORTFOLIO! Fully Occupied & Freshly painted interior! Each apartment offers spacious kitchens and living room space. Full baths in each unit. Ground entry for each apartment entrance. Private back parking for the units. Separate Electric Meters. Owner responsible for Water/Sewer/Gas. New Furnace. NEW ROOF 2025!

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  • 211 S Walnut St, New Castle, PA 16101

    $99,000

    • 211 S Walnut St
    • New Castle, PA

    Excellent Investment Opportunity! This well-maintained side-by-side duplex sits on a desirable corner lot and is fully designed for tenant appeal. Each unit offers its own back patio, creating private outdoor space, and one unit includes a carport for added convenience. With strong rental potential and a functional layout, this property is a turn-key addition to any portfolio. Perfect for

    Francesca Ferrara CASTLE REALTY

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  • 628 Superior St, New Castle, PA 16101

    $67,900

    • 4 Beds
    • 2 Baths
    • 1,472 Sq Ft
    • 628 Superior St
    • New Castle, PA

    Welcome to this generously sized home offering the perfect blend of comfort and convenience! Featuring 4 bedrooms and 2 full bathrooms, this home includes a main floor bedroom with an updated, handicap-accessible full bath, ideal for guests or multigenerational living. Upstairs, you'll find three additional bedrooms and a second full bathroom, providing ample space for family or office needs. The

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  • 612 Pearson St, New Castle, PA 16101

    $49,900 Under Contract

    • 2 Beds
    • 1 Bath
    • 1,149 Sq Ft
    • 612 Pearson St
    • New Castle, PA

    Introducing a rare opportunity to acquire occupied rental portfolio featuring seven single-family homes, each generating consistent rental income. This well-maintained package is ideal for investors seeking immediate cash flow with minimal upfront work. Key Highlights: 7 Single-Family Homes – All properties are in established neighborhoods with strong rental demand. Long-Term Tenants – Each home

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  • 330 Shaw St, New Castle, PA 16101

    $95,000

    • 330 Shaw St
    • New Castle, PA

    Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

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  • 1106 Cunningham Ave, New Castle, PA 16101

    $75,000 Under Contract

    • 2 Beds
    • 1 Bath
    • 616 Sq Ft
    • 1106 Cunningham Ave
    • New Castle, PA

    Introducing a rare opportunity to acquire occupied rental portfolio featuring seven single-family homes, each generating consistent rental income. This well-maintained package is ideal for investors seeking immediate cash flow with minimal upfront work. Key Highlights: 7 Single-Family Homes – All properties are in established neighborhoods with strong rental demand. Long-Term Tenants – Each home

    Francesca Ferrara CASTLE REALTY

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  • 1025 Randolph St, New Castle, PA 16101

    $59,999 Under Contract

    • 2 Beds
    • 1 Bath
    • 979 Sq Ft
    • 1025 Randolph St
    • New Castle, PA

    Introducing a rare opportunity to acquire occupied rental portfolio featuring seven single-family homes, each generating consistent rental income. This well-maintained package is ideal for investors seeking immediate cash flow with minimal upfront work. Key Highlights: 7 Single-Family Homes – All properties are in established neighborhoods with strong rental demand. Long-Term Tenants – Each home

    Francesca Ferrara CASTLE REALTY

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  • 1110 Williams St, New Castle, PA 16101

    $60,000 Under Contract

    • 2 Beds
    • 1 Bath
    • 1,216 Sq Ft
    • 1110 Williams St
    • New Castle, PA

    Introducing a rare opportunity to acquire occupied rental portfolio featuring seven single-family homes, each generating consistent rental income. This well-maintained package is ideal for investors seeking immediate cash flow with minimal upfront work. Key Highlights: 7 Single-Family Homes – All properties are in established neighborhoods with strong rental demand. Long-Term Tenants – Each home

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  • 1229 Huron Ave, New Castle, PA 16101

    $69,900 Under Contract

    • 2 Beds
    • 1 Bath
    • 1,136 Sq Ft
    • 1229 Huron Ave
    • New Castle, PA

    Introducing a rare opportunity to acquire occupied rental portfolio featuring seven single-family homes, each generating consistent rental income. This well-maintained package is ideal for investors seeking immediate cash flow with minimal upfront work. Key Highlights: 7 Single-Family Homes – All properties are in established neighborhoods with strong rental demand. Long-Term Tenants – Each home

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Source: West Penn Multi-List

MLS Number: 1720174

West Penn Multi-List