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$79,000

101 W WATER STREET, NEW PHILADELPHIA PA, 17959

Price per sqftN/A
Built in1925
Property typeCommercial

Overview

Active

Active-bright

Listed Aug 27, 2026

Updated 5 days ago

6-Unit Multifamily Value-Add Opportunity. Calling all investors and value-add buyers: this 6-unit multifamily property is priced to move and built for upside. With a unit mix of three 1-bedroom and three 2-bedroom apartments, this full-renovation project offers a rare entry point into multifamily ownership at a fraction of replacement cost. The property needs a complete renovation, making it a strong fit for an experienced rehabber, contractor-investor, or buyer looking to drive appreciation through a full stabilization plan. Once renovated and leased at market rents, the projected gross annual income ranges from approximately $68,400 to $72,000, based on estimated rents of $900/month for the 1-bedroom units and $1,000–$1,100/month for the 2-bedroom units. At an asking price of just $79,900 for six units, this deal offers significant upside for buyers willing to put in the work. Whether you're expanding a rental portfolio or taking on your next ground-up rehab, this property is a compelling opportunity to build equity from day one. The property is being sold as a full renovation/value-add opportunity, ideal for investors comfortable managing a rehab from the ground up. Serious, qualified buyers only.

Additional information

MLS® ID
PASK2029238

Interior Features

Basement
No

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$2,598
Tax Frequency
Annually
MLS provider logo

Listed by LPMG Management Co.
Listing Contact: 4843400598 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/2/2026 at 12:36 AM UTC

 

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