Five Or More Units For Sale - 101 W WATER ST, NEW PHILADELPHIA, PA 17959
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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.
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Market Area: New Philadelphia Boro (13354)
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