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Listed by LIFESPACE REAL ESTATE
$ 248,000
Est. payment | /mo
0.36 Acres Lot
$ 248,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1764076
Style Fourplex
HOA Y/N No
Annual Tax Amount $4,087
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Quadruplex
Property Description
Now available in the heart of Clairton, this exceptional mixed-use investment opportunity offers the perfect combination of stable cash flow, recent capital improvements, and long-term upside. Situated at 502 Walnut Avenue, this well-maintained five-unit property features one commercial storefront and four residential apartments, providing diversified income streams and reducing overall investment risk. The property has been thoughtfully maintained with numerous major updates already completed, including a newer roof, upgraded mechanical systems, replacement of the exterior sewer line, and updated windows. These significant improvements help minimize future capital expenditures while providing peace of mind for the next owner. Inside, abundant natural light fills both the residential and commercial spaces, creating bright, inviting interiors that appeal to tenants and business occupants alike. Positioned in a highly visible location within Clairton's business district, the property benefits from convenient access to local amenities, major roadways, and the surrounding communities. The commercial storefront enjoys excellent street presence, while the residential units continue to provide reliable rental demand, making this an ideal asset for investors seeking a balanced mix of commercial and residential income. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a cash-flowing asset with value-add potential, 502 Walnut Avenue checks all the boxes. With strong fundamentals, meaningful recent improvements, and multiple revenue sources, this is a turnkey investment offering immediate income today with the opportunity for continued appreciation and future growth.
Location
State PA
County Allegheny-south
Area Clairton
Zoning Comm
Rooms
Basement Full
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Asphalt
Total Parking Spaces 6
Building
Architectural Style Fourplex
Structure Type Frame
Schools
School District Clairton
Nearby Locations
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Geoff Smathers
REALTOR® Lic# RS219743L