New Castle, PA 16101 9 Home Portfolio
$784,900
5 more
Presented By: HOWARD HANNA REAL ESTATE SERVICES
Beds • 25
Full/Half Baths • 9 / 2
Home Details
Turnkey Investment – 9-Home Rental Portfolio in New Castle, PA! Well-maintained, tenant-occupied portfolio generating $97,920 in gross annual rent with a 2024 NOI of $78,564—offering a strong 10% cap rate. All 10 single-family homes feature 2–3 bedrooms, 1 bath, separate utilities, and numerous updates including newer roofs, furnaces, plumbing, and electrical systems. Tenants pay all utilities. Low property taxes, stable occupancy, and proven rental history make this a reliable cash-flowing investment. Minimal maintenance reserves and turnover assumptions are already factored into projections. Full rent roll, tax records, and repair summaries available. Owner prefers to sell as a package.
Presented By: HOWARD HANNA REAL ESTATE SERVICES
Interior Features for 9 Home Portfolio
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)Yes
Fireplace Y/NNo
Heating Y/NNo
General for 9 Home Portfolio
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityUnion Twp
CountyLawrence
Elementary School DistrictNew Castle
Garage Y/NNo
Gross Income97920.0
HOANo
High School DistrictNew Castle
Home Warranty Y/NNo
Insurance Expense3446.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size UnitsAcres
MLS AreaUnion Twp - LAW
MLS Area MinorUnion Twp - LAW
Maintenance Expense2400.0
Middle/Junior School DistrictNew Castle
MobileHomeRemainsYNNo
ModificationTimestamp2025-07-30T02:46:21.413-00:00
Net Operating Income78564.0
New ConstructionNo
Number Of Units Total9
Occupancy TypeTenant
PostalCityNew Castle
Property Sub Type AdditionalOther
Property SubtypeOther
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Tax Annual Amount8122.0
Tax Assessed Value294700
Virtual TourClick here
ZoningRes
Zoning DescriptionRes
Exterior for 9 Home Portfolio
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsVarious
Lot Size Acres99999.0
Lot Size Area99999.0
SpaNo
Waterfront Y/NNo
Additional Details
Price History
Justin Riapos
Realtor