Now available in the heart of Clairton, this exceptional mixed-use investment opportunity offers the perfect combination of stable cash flow, recent capital improvements, and long-term upside. Situated at 502 Walnut Avenue, this well-maintained five-unit property features one commercial storefront and four residential apartments, providing diversified income streams and reducing overall investment risk. The property has been thoughtfully maintained with numerous major updates already completed, including a newer roof, upgraded mechanical systems, replacement of the exterior sewer line, and updated windows. These significant improvements help minimize future capital expenditures while providing peace of mind for the next owner. Inside, abundant natural light fills both the residential and commercial spaces, creating bright, inviting interiors that appeal to tenants and business occupants alike. Positioned in a highly visible location within Clairton's business district, the property benefits from convenient access to local amenities, major roadways, and the surrounding communities. The commercial storefront enjoys excellent street presence, while the residential units continue to provide reliable rental demand, making this an ideal asset for investors seeking a balanced mix of commercial and residential income. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a cash-flowing asset with value-add potential, 502 Walnut Avenue checks all the boxes. With strong fundamentals, meaningful recent improvements, and multiple revenue sources, this is a turnkey investment offering immediate income today with the opportunity for continued appreciation and future growth.
11 days
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108
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Zillow last checked:
Listing updated:
Listed by:
Justin Riapos412-361-0194,
LIFESPACE REAL ESTATE412-361-0194
Source: WPMLS,MLS#: 1764076Originating MLS: West Penn Multi-List
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 13
Features
Basement: Full
Property
Parking
Total spaces: 6
Parking features: Off Street
Lot
Size: 0.36 Acres
Dimensions: .3587
Details
Zoning: Comm
Zoning description: Comm
Construction
Type & style
Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex, Multi Family, Multi Family
Materials
Frame
Roof: Asphalt
Utilities & green energy
Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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