PROFITABLE MULTI-UNIT INVESTMENT OPPORTUNITY – TWO APARTMENT BUILDINGS
Excellent opportunity to own two well-maintained income-producing apartment buildings featuring eight currently leased 1-bedroom, 1-bath apartments, plus the potential to restore a 9th unit previously leased as a spacious 2-bedroom, 1½-bath apartment currently utilized by the owner for storage.
These properties have seen numerous recent upgrades and improvements including renovated kitchens and bathrooms, updated flooring, new major appliances, hot water heaters, upgraded weather heads, and updated electric breaker panels in both buildings.
Building 403 Locust offers additional value with new insulated windows, secure keyless entry, and a shared coin-operated laundry facility available to tenants in both buildings.
Seven of the apartments have tenants paying their own electric utilities, with each unit equipped with electric A/C units. Water and gas utilities are owner-paid.
The properties also feature a large parking lot with designated parking spaces for each apartment, adding convenience and appeal for tenants.
Ideally located near hospitals, shopping, dining, downtown amenities, and interstate access, these buildings continue to attract and retain tenants due to their prime location and strong rental demand.
A turnkey investment with immediate income and future upside potential through the restoration of the additional apartment unit.
Serious inquiries only.
For sale by owner
$530,000
403 Locust Ave, Washington, PA 15301
--beds
--baths
5,700sqft
MultiFamily
Built in 1929
-- sqft lot
$-- Zestimate®
$93/sqft
$-- HOA
What's special
Secure keyless entryUpgraded weather headsUpdated electric breaker panelsRenovated kitchens and bathroomsNew major appliancesShared coin-operated laundry facilityUpdated flooring
What the owner loves about this home
Income generating.
- 38 days |
- 193 |
- 8 |
Listed by:
Property Owner (724) 705-4100
Facts & features
Interior
Heating
- Radiant, Gas
Features
- Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
- Basement: Partially finished
Interior area
- Total interior livable area: 5,700 sqft
Property
Parking
- Total spaces: 12
- Parking features: Off-street
Features
- Exterior features: Brick, Cement / Concrete
- Has view: Yes
- View description: City
Lot
- Size: 10,000 Square Feet
Details
- Parcel number: 7600100002001500
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- New construction: No
- Year built: 1929
Community & HOA
Location
- Region: Washington
Financial & listing details
- Price per square foot: $93/sqft
- Tax assessed value: $202,100
- Annual tax amount: $11,316
- Date on market: 5/26/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,280/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $530,000$93/sqft |
Source: Owner Report a problem | ||
| 1/20/2025 | Listing removed | $850 |
Source: Zillow Rentals Report a problem | ||
| 12/26/2024 | Listed for rent | $850 |
Source: Zillow Rentals Report a problem | ||
| 11/6/2024 | Listing removed | $850 |
Source: Zillow Rentals Report a problem | ||
| 9/30/2024 | Price change | $850-5.6% |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 8/29/2024 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 7/27/2024 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 7/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/11/2024 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,316 | $202,100 |
| 2024 | $11,316 | $202,100 |
| 2023 | $11,316 -0.5% | $202,100 |
| 2022 | $11,378 | $202,100 |
| 2021 | $11,378 +160.4% | $202,100 |
| 2020 | $4,369 +789.6% | $202,100 |
| 2018 | $491 +707.5% | $202,100 |
| 2017 | $61 | $202,100 +734.3% |
| 2016 | -- | $24,225 |
| 2015 | -- | $24,225 |
| 2014 | $603 | $24,225 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 15301
Nearby schools
GreatSchools rating
- 3/10Washington Park El SchoolGrades: K-6Distance: 1.3 mi
- 4/10Washington Park Middle SchoolGrades: 7-8Distance: 0.8 mi
- 3/10Washington High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Pennsylvania
- Washington County
- Washington
- 15301
- 403 Locust Ave







