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5 E Wallace Ave 40 Unit Apartment Building $4,208,662 CAD ($105,217 CAD/Unit) New Castle, PA 16101
Investment Highlights
- Rents below market.
- Many new upgrades.
- Close to hospital & near downtown & a short off of the highways
Executive Summary
3-story near downtown mid-rise with many UPDATED units consisting of 16- 2 bedrooms and 24- 1 bedrooms---All units are rented except for 2, which are in then process of being pre-leased. Jefferson Arms Apartments is a landmark 3-story multifamily mid-rise located at 1-5 East Wallace Avenue, New Castle PA---A short Drive-- less than a hour drive from Pittsburgh, PA. The property features a diverse mix of one & two-bedroom layouts averaging approximately 650-800 square feet, and all units were fully renovated between in 2022-2025 with hard wood flooring, updated kitchens and baths, and durable interior upgrades that support strong in-place performance. The asset is currently approximately 95% occupied and includes ground-floor Laundry Room for additional income. In addition to its stabilized operating base, Jefferson Arms Apartments offers a compelling value-add opportunity..
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,208,662 CAD | Building Class | C |
| Price Per Unit | $105,217 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 58,140 SF |
| No. Units | 40 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2010 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.85/1,000 SF |
| Zoning | T | ||
| Price | $4,208,662 CAD |
| Price Per Unit | $105,217 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 58,140 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1923/2010 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | T |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | - |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 01-032100 | Total Assessment | $808,886 CAD |
| Land Assessment | $62,826 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $746,060 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
01-032100
Land Assessment
$62,826 CAD
Improvements Assessment
$746,060 CAD
Total Assessment
$808,886 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Debo - Glen Eagle Apartments
5 E Wallace Ave
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