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0 Baths

$39,900

201 Water St, Fayette City PA, 15438

Built in1850
Property typeMulti-family
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Michele Trabbold shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.   Courtesy of  HOWARD HANNA MID MON VALLEY OFFICE

Overview

Active

Listed Aug 27, 2026

Updated Aug 27

This property offers exceptional investment potential, featuring a fully renovated turn-key unit and a second spacious unit ready for completion, mostly cosmetic. Currently configured as a duplex, the layout allows for an easy conversion into a triplex, creating multiple income-producing opportunities. Even better, the property already has separate utilities, making management and tenant billing simple and efficient. The first unit is completely upgraded, never lived in, and ready to rent immediately—perfect for generating instant cash flow. The second unit is a large three-bedroom rental with excellent layout flexibility. With its generous square footage, it can be split to create an additional rental unit, transforming the entire property into a three-unit building and each tennant having their own entrance. A major advantage is the existing plumbing infrastructure: The laundry room on the left as you enter can be converted into a full bathroom, with the original tub still behind the wall on the right side of the current laundry room, making the upgrade even easier. Parking is convenient with plenty of on-street parking plus one dedicated spot on the property. Whether you’re an investor seeking strong rental income or a buyer looking for a property with built-in expansion potential, this versatile duplex—with its straightforward path to becoming a triplex and its separate utilities—delivers outstanding value and opportunity.

$265/mo

Est. mortgage payment based on a $39,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$1,178
Tax Frequency
Annually

 

Courtesy of HOWARD HANNA MID MON VALLEY OFFICE

listing contact: 724-929-9699

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Michele Trabbold, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 West Penn Multi-List, Inc.  All rights reserved.

Data last updated 9:05 PM UTC, 8/27/2026

West Penn Multi-List, Inc.

Realty One Group Landmark

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