607-609 1/2 Allegheny Ave Glassport, PA 15045
Estimated payment $2,261/month
About This Home
Fully Renovated 4-Unit multi-Plex | Cap Rate: 14.6% This turnkey 4-unit property was fully remodeled in May 2024, eliminating the headaches of deferred maintenance and positioning it as a high-yield investment. Tenants pay their own utilities.
Recent Upgrades:
New kitchens, Stoves, and Refrigerators; new full bathrooms; updated flooring throughout; new plumbing with PEX fixtures, shut-off valves, and new hot water tanks; new 90% efficient gas furnaces were installed in each unit; new sewer lines.
Select units that have been upgraded with new windows and electrical panels.
Investment Highlights:
Cap Rate: 14.6%
Strong cash flow with updated mechanicals and finishes
Annual Leases, Low near-term maintenance risk due to extensive renovations, Multiple units were already modernized, making them attractive to quality tenants. This property combines IMMEDIATE INCOME with long-term stability, making it ideal for investors seeking both yield and reduced capital expenditure risk.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,636
Year Built
- Built in 1916
Lot Details
- 4,500 Sq Ft Lot
Home Design
- Quadruplex
- Frame Construction
- Asphalt Roof
Parking
- 4 Parking Spaces
- On-Street Parking
Additional Features
- Unfinished Basement
Community Details
Building Details
- Insurance Expense $1,400
- Gross Income $53,904
Additional Features
- 4 Units
- Public Transportation
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
09/05/2025 09/05/25 | For Sale | $369,000 | -- | -- |
Source: West Penn Multi-List
MLS Number: 1719801

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