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503 S Walnut St New Castle, PA $ 119,000
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$ 119,000 Get more info
503 S Walnut St
$ 119,000
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Share Save

503 S Walnut St

New Castle, PA, 16101
$ 119,000
Baths0.0

Monthly Estimate*

$ 742

503 S Walnut St, New Castle, PA 16101 - Image 1
503 S Walnut St, New Castle, PA 16101 - Image 2
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Studio

Multi-Family Home for sale in New Castle, PA

for $119,000. This home was built in 1910 on a lot size of 0.062.

Turnkey 4-Plex Investment Property – Fully Occupied & Updated! Fantastic opportunity to own a well-maintained, fully occupied 4-unit multifamily property with strong rental income! This updated 4-plex features separately metered utilities for each unit, making management and tenant billing simple and efficient. The property boasts a brand new front deck, adding curb appeal and a welcoming touch for tenants and guests. The first-floor unit includes a charming private back patio—a rare bonus for added outdoor enjoyment. Each unit has been thoughtfully updated, offering modern finishes that attract quality tenants and reduce maintenance headaches. Located in a convenient area with strong rental demand, this is an ideal addition to any investor’s portfolio.

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Multi-Family Contingent

Price

$ 119,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 576

Style

Lot Size

0.062

Year Built

1910

Town/City

New Castle

County/Region

Lawrence

MLS | Web ID

1720174
Features
General
Utilities ElectricityAvailable NaturalGasAvailable SewerAvailable WaterAvailable
Roof Asphalt
Zoning R2
Architectural Style Fourplex
Construction Materials Cedar
Year Built 1910
Property Subtype Quadruplex
Gross Income 24300.0
County Lawrence
Insurance Expense 700.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions GPS
City New Castle
Senior Community Y/N N
High School District New Castle
Zoning Description R2
Number Of Units Total 4
MLS Area New Castle/3rd
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 576.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor New Castle/3rd
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District New Castle
Elementary School District New Castle
Tax Assessed Value 13500
Property Sub Type Additional Quadruplex
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Exterior
Parking Features OnStreet
Lot Size Area 0.062
Spa N
Lot Dimensions 0.062
Lot Size Acres 0.062
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Total Baths 0
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Internal Only
Street Number 1 503
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* Excluded Features
List By
Francesca Ferrara

Listing Agent

Castle Realty

Broker

franferrara89@gmail.com

Email

Affordability Calculator

$790
Per Month
94%
6%
0%
Monthly Principal & Interest
$742
Monthly Property Taxes
$48
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1514692 Elementary School
1515011 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/16/2025$119,000 Listed Price

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503 S Walnut St, New Castle, PA, 16101 is a Multi-Family Home for sale at $119,000 with a lot size of 0.062. 503 S Walnut St is a studio with 0.0 baths and was built in 1910. The property's zip code is 16101 which is in New Castle, PA

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