$49,900
UNDER CONTRACT

612 Pearson St New Castle, PA 16101

Estimated payment $350/month

Total Views 46,452
2 Beds
1 Bath
1,149 Sq Ft
$43 Price per Sq Ft

About This Home

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 is currently leased to reliable, long-term tenants, ensuring stable income from day one. Well-Maintained – The portfolio has been carefully maintained throughout the years of ownership, with regular updates and preventative care. Strong Cash Flow – Solid rental history with predictable income makes this a high-performing investment opportunity. Hands-Off Investment – All systems are in place for a seamless transition to the next owner, whether you're an experienced investor or just entering the market.

Listing Agent

Francesca Ferrara

CASTLE REALTY Listed on: 07/08/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,029

Year Built

  • Built in 1900

Lot Details

  • 3,006 Sq Ft Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,149 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,029

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Municipality: New Castle
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Lot Size Acres: 0.069
  • Lot Size: 0.069
  • Directions: GPS
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • Special Features: UnderContract
  • Stories: 2

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Pool Features: None
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Garage, Off Street, On Street
  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: New Castle

Tax Info

  • Tax Annual Amount: 1029.0

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 $1,043 $23,800 $6,500 $17,300
2024 $1,029 $23,800 $6,500 $17,300
2023 $1,029 $23,800 $6,500 $17,300
2022 $1,015 $0 $0 $0
2021 $998 $23,900 $6,500 $17,400
2020 $998 $23,900 $6,500 $17,400
2019 $974 $23,900 $6,500 $17,400
2018 $974 $23,900 $6,500 $17,400
2017 $953 $23,900 $6,500 $17,400
2016 $467 $23,900 $6,500 $17,400
2015 $467 $23,900 $6,500 $17,400
2014 $467 $23,900 $6,500 $17,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2025 07/08/25 For Sale $49,900 0.0% $43 / Sq Ft
02/07/2023 02/07/23 Rented $750 0.0% --
11/10/2022 11/10/22 For Rent $750 0.0% --
04/11/2022 04/11/22 Sold $25,000 -28.6% $22 / Sq Ft View Prior Sale
04/05/2022 04/05/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $35,000 -- $30 / Sq Ft
Source: West Penn Multi-List

Purchase History

Date Type Sale Price Title Company
Deed $25,000 None Listed On Document
Deed $2,688 --
Sheriffs Deed $1,654 None Available
Deed $39,900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,900 New Conventional
Source: Public Records

About the Listing Agent

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Source: West Penn Multi-List

MLS Number: 1710475

West Penn Multi-List

APN: 04-142100