Investor Special Opportunity: 1013 W Washington St, New Castle, PA 16101

Priced at just $40,000, 1013 W Washington Street in New Castle, Pennsylvania represents an exceptional opportunity for investors, renovators, or homeowners looking to build value through thoughtful repairs and updates.

This solid brick property sits on a level lot and offers strong structural bones, classic architectural details, and generous living space—making it an ideal candidate for a profitable flip, long-term rental, or personalized residence.

Solid Construction with Lasting Appeal

One of the most attractive aspects of this property is its solid brick construction, a feature that provides durability, timeless curb appeal, and long-term structural integrity. The home is reported to have a good foundation, offering peace of mind for investors who prioritize properties with strong underlying structure.

Brick homes are known for their resilience, lower exterior maintenance needs, and ability to retain value, making this an excellent base for renovation.

The house sits comfortably on a level lot, which adds to its practicality and appeal. A level lot simplifies landscaping, improves accessibility, and is often preferred by renters and buyers alike. Combined with the home’s classic exterior, the property presents a strong first impression and plenty of potential for enhanced curb appeal with minimal investment.

Spacious Interior with Original Character

Inside, the home features large rooms that provide flexibility in layout and use. Whether you envision open-concept living spaces, generously sized bedrooms, or functional common areas for tenants, the interior footprint allows for multiple renovation strategies.

A standout feature is the presence of original wood trim with high baseboards, a detail that adds charm and historic character. These original elements are increasingly sought after in today’s market, where buyers and renters appreciate craftsmanship that cannot be easily replicated. Restoring or highlighting these features can significantly increase the home’s value and appeal.

The property also boasts a grand entry, setting the tone for the rest of the home. This welcoming entrance creates an immediate sense of scale and elegance, offering an opportunity to impress guests or prospective tenants right from the front door.

Four Bedrooms, One Bathroom – Ideal for Rental Income

With four bedrooms and one full bathroom, this home is well-suited for a variety of uses. Investors may find this layout particularly attractive for rental purposes, as additional bedrooms can translate into higher rental income.

Whether marketed as a single-family rental, shared housing, or even student or workforce housing (depending on local demand), the bedroom count adds versatility and income potential.

For owner-occupants, the four-bedroom layout provides ample space for families, home offices, or guest rooms. Renovations could focus on modernizing the bathroom and optimizing bedroom layouts to meet current lifestyle expectations.

Full Basement for Storage or Expansion

Another valuable feature is the full basement, offering substantial storage space and potential for future improvements. Basements can be used for mechanical systems, laundry areas, storage, or even finished living space if properly renovated.

For investors, a clean and functional basement adds to the overall value and utility of the property, while homeowners may see it as an opportunity for expansion.

Covered Front Porch and Outdoor Living

The home includes a covered front porch, a classic feature that enhances both aesthetics and livability. Front porches are increasingly desirable, providing a comfortable outdoor space for relaxing, socializing, or simply enjoying the neighborhood. With some cosmetic updates, this porch could become a major selling point and further boost curb appeal.

Convenient Parking Options

Parking is often a key consideration for both homeowners and renters, and this property delivers with off-street parking and space for up to two vehicles. Off-street parking adds convenience and security, especially in residential neighborhoods where street parking may be limited. This feature increases the property’s overall desirability and rental competitiveness.

A True Fixer-Upper with Upside Potential

This property is clearly positioned as an “Investor Special”, meaning it is in need of repairs and updates. However, this is precisely where the opportunity lies. With the right renovation plan, investors can unlock significant value by modernizing kitchens and bathrooms, updating mechanical systems, refreshing flooring and paint, and enhancing curb appeal.

Because the home already offers solid construction, generous square footage, and desirable architectural features, renovation dollars can be focused on improvements that directly increase value rather than addressing major structural issues.

Multiple Exit Strategies

One of the strongest advantages of 1013 W Washington Street is the flexibility it offers in terms of exit strategies:

Fix and Flip: Renovate and resell for a profit by highlighting the home’s character, size, and updated features.

Buy and Hold: Create a long-term rental property with strong cash flow potential, especially given the four-bedroom layout.

Owner-Occupant Renovation: Purchase at a low price point and gradually renovate while living in the home, building equity over time.

Portfolio Addition: Add a solid asset to an existing investment portfolio with the potential for appreciation.

Affordable Entry Point into Real Estate Investment

At $40,000, this property offers a low barrier to entry for new investors and an attractive deal for seasoned professionals. The price point allows room for renovation costs while still leaving potential for profit. In today’s market, finding a brick, four-bedroom home with a basement, porch, and parking at this price is increasingly rare.

Final Thoughts

1013 W Washington St, New Castle, PA 16101 is a property full of potential. With its solid brick construction, good foundation, original wood details, spacious rooms, and flexible layout, it offers a strong canvas for renovation and value creation.

Whether you’re looking to flip, rent, or make it your own, this investor special presents a compelling opportunity to turn vision into reality.

FROM ZILLOW

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