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201 Water St St

Fayette City, PA 15438
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Bed --

Bed

Bath 0

Bath

Acres0.14

Acre(Lot)

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 ha ving 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $59,900

AD Id : 77961462

MLS Id : 1751973

Lot Size : 0.14 Acre

Year Built : 1850

County : Fayette

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Full

  • Building Information

    Year Built: 1850 Private Pool: No

  • Lot Information

    Lot Dimensions: 0.1393 Main Square Feet: 0.1393 Acres Lot Size Acres: 0.1393

  • Listing Price Information

    Listing Price: $59900 Original Price: $79900

  • Tax Information

    Annual Tax: $1172

  • Utility Information

    Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
207 4th Street St, Fayette City, PA, 15438 $27,900 -- -- --

West Penn MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than ByOwner may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Last Updated: 06/15/2026 @ 09:29

ByOwner last updated this listing 06/15/2026 @ 09:29

MLS: 1751973 LISTED BY: Marie Slagus, HOWARD HANNA MID MON VALLEY OFFICE 724-929-9699 SOURCE: West Penn MultiList

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