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4-Plex Investment (MLS# 191311) 130 E Spruce St 4 Unit Apartment Building $169,900 ($42,475/Unit) Titusville, PA 16354
Investment Highlights
- Positioned in an established residential setting, benefiting from proximity to local businesses, services, and main roadways.
- Equipped with natural gas heating via baseboard and window-unit cooling; supported by public water and sewer utilities.
Executive Summary
This 4-plex investment opportunity is situated in the heart of Titusville and features newer siding, windows, and flooring. Most of the units have some newer updates and larger floor plans. One of the units offers the potential for conversion into a two-bedroom layout, which could significantly increase rental income. Finding multi-family units in the Titusville market is a challenge, as these properties are quite rare and in high demand. Call today to go look at the property.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,180
|
$11.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,180
|
$11.43
|
| Taxes |
$1,387
|
$0.53
|
| Operating Expenses |
$10,949
|
$4.15
|
| Total Expenses |
$12,336
|
$4.67
|
| Net Operating Income |
$17,844
|
$6.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $30,180 |
| Annual Per SF | $11.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,180 |
| Annual Per SF | $11.43 |
| Taxes | |
|---|---|
| Annual | $1,387 |
| Annual Per SF | $0.53 |
| Operating Expenses | |
|---|---|
| Annual | $10,949 |
| Annual Per SF | $4.15 |
| Total Expenses | |
|---|---|
| Annual | $12,336 |
| Annual Per SF | $4.67 |
| Net Operating Income | |
|---|---|
| Annual | $17,844 |
| Annual Per SF | $6.76 |
Property Facts
| Price | $169,900 | Building Class | C |
| Price Per Unit | $42,475 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,640 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | ||
| Zoning | C-2 - Commercial | ||
| Price | $169,900 |
| Price Per Unit | $42,475 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,640 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | C-2 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $637.50 | 640 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 56-0-045041 | Total Assessment | $12,204 (2026) |
| Land Assessment | $650 (2026) | Annual Taxes | $1,387 ($0.53/SF) |
| Improvements Assessment | $11,554 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
56-0-045041
Land Assessment
$650 (2026)
Improvements Assessment
$11,554 (2026)
Total Assessment
$12,204 (2026)
Annual Taxes
$1,387 ($0.53/SF)
Tax Year
2025
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4-Plex Investment (MLS# 191311) | 130 E Spruce St