$49,900

612 Pearson St New Castle, PA 16101

Estimated payment $361/month

Total Views 361
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: None
  • 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $1,029 $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 Change Sq Ft Price
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
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
Open $32,000 New Conventional
Previous Owner $72,750 Future Advance Clause Open End Mortgage
Previous Owner $39,900 New Conventional
Source: Public Records

Similar Homes in New Castle, PA

  • 112 W Balph Ave, New Castle, PA 16102

    $55,000

    • 2 Beds
    • 1 Bath
    • 1,107 Sq Ft
    • 112 W Balph Ave
    • New Castle, PA

    Great two bedroom home on a quiet Street. Floors are in good shape. Windows have been updated. Nice big yard on street parking in front or off street parking in back. Really a good home for an investor who wants to make some rent money or a first time homebuyer. No major repairs needed.check out 3d tour link below

    Adam Wheeler BERKSHIRE HATHAWAY THE PREFERRED REALTY

    Section Image
  • 417 Shadyside St, New Castle, PA 16101

    $42,000

    • 3 Beds
    • 1 Bath
    • 1,716 Sq Ft
    • 417 Shadyside St
    • New Castle, PA

    Investment opportunity! Currently rented, this 3 bedroom property has a newly updated sewage line from interior to exterior sewer main.You will find plenty of space inside: large kitchen with laundry hookups, main floor family room currently used as a bedroom. Large primary bedroom on the second floor with 2 smaller bedrooms.

    Wendy Stuck KELLER WILLIAMS REALTY

    Section Image
  • 406 Bartram Ave, New Castle, PA 16101

    $49,900

    • 4 Beds
    • 1 Bath
    • 1,674 Sq Ft
    • 406 Bartram Ave
    • New Castle, PA

    Welcome to 406 Bartram Avenue, this 4-bedroom 1-bathroom property needing a little cosmetic TLC is a blank slate for any buyer looking for a property to make their own. Just past the foyer with beautiful original woodwork, you are greeted by a spacious living room with a fireplace and plenty of natural sunlight. Beyond the living is the dining room perfect for family gatherings. The large

    Corey Burns COLDWELL BANKER REALTY

    Section Image
  • 221 Friendship St, New Castle, PA 16101

    $42,000

    • 2 Beds
    • 1 Bath
    • 1,184 Sq Ft
    • 221 Friendship St
    • New Castle, PA

    221 Friendship Street is a charming two-story home featuring 2 bedrooms and 1 full bath. The spacious kitchen offers ample room and endless potential to add your personal touch and style.

    Wendy Stuck KELLER WILLIAMS REALTY

    Section Image
  • 418 E Division St, New Castle, PA 16101

    $49,900

    • 3 Beds
    • 1.5 Baths
    • 1,120 Sq Ft
    • 418 E Division St
    • New Castle, PA

    This turnkey property is ready for its new landlord! A charming turn of the century home featuring spacious room sizes and a generous rear yard, its ideally situated on a low traffic street. Tenants will love the convenience of being just a short distance to the bus line and a quick drive to shopping, parks, and more.

    Renee Holsapfel REALTY ONE GROUP ULTIMATE

    Section Image
  • 806 High St, New Castle, PA 16101

    $45,900

    • 3 Beds
    • 1 Bath
    • 1,396 Sq Ft
    • 806 High St
    • New Castle, PA

    This investment opportunity has the potential to be a great income producing rental. Large rooms throughout makes this spacious 3 bed 1 bath home a good possible starter home as well with a bit of work but worth the time. Also has ample off street parking as well with a 2 car garage. appointments.

    David Wagner REALTY ONE GROUP ULTIMATE

    Section Image
  • 428 E Division St, New Castle, PA 16101

    $62,000

    • 3 Beds
    • 1 Bath
    • 1,260 Sq Ft
    • 428 E Division St
    • New Castle, PA

    Investor Alert! Turnkey Investment Opportunity! This Single Family Home is being sold as a unique portfolio of homes. Portfolio consists of 4single family homes! 3 are currently tenant occupied! Most tenants pay Gas, Water and Electric

    Michele Conti KELLER WILLIAMS REALTY

    Section Image
  • 506 E Division St, New Castle, PA 16101

    $39,900

    • 3 Beds
    • 1.5 Baths
    • 1,757 Sq Ft
    • 506 E Division St
    • New Castle, PA

    Calling all investors, flippers, or handy homeowners looking for their next project! This spacious two-story home offers great potential with 3 bedrooms and 1.5 bathrooms. With some TLC and vision, this house can be transformed into a beautiful residence or profitable investment.Don’t miss out on the chance to bring this property back to life and make it shine again!

    Anna Rodgers REALTY ONE GROUP ULTIMATE

    Section Image
  • 813 S Mercer St, New Castle, PA 16101

    $59,000

    • 2 Beds
    • 1.5 Baths
    • 1,152 Sq Ft
    • 813 S Mercer St
    • New Castle, PA

    Investor Alert! Turnkey Investment Opportunity! This Single Family Home is being sold as a unique portfolio of homes including 5 single Family Homes and 1 commercial property. 5 currently tenant occupied! Most tenants pay Gas, Water and Electric

    Michele Conti KELLER WILLIAMS REALTY

    Section Image

Source: West Penn Multi-List

MLS Number: 1710475

West Penn Multi-List

APN: 04-142100