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1421 5th Ave 4,424 SF Specialty Building Offered at $165,000 in New Kensington, PA 15068
Investment Highlights
- Mixed-use brick building with storefront, large 4-bedroom apartment, & separate 2-bedroom home offering multiple configuration & income potential.
- Rear two-bedroom home is gutted for redevelopment, providing value-add opportunity alongside adaptable existing residential spaces.
Executive Summary
Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.
Property Facts
| Price | $165,000 | Building Class | C |
| Price Per SF | $37.30 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,424 SF |
| Sale Condition | High Vacancy Property | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1940 |
| Property Subtype | Residential Income | Opportunity Zone |
Yes
|
| Price | $165,000 |
| Price Per SF | $37.30 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,424 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
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Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-02-07-0-419 | Improvements Assessment | $5,410 |
| Land Assessment | $2,200 | Total Assessment | $7,610 |
Property Taxes
Parcel Number
02-02-07-0-419
Land Assessment
$2,200
Improvements Assessment
$5,410
Total Assessment
$7,610
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1421 5th Ave