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524 Race St, Connellsville, PA, 15425

5beds
3baths
3,089sqft
$49,000
$16price/sqft
$663/moest. monthly cost
$26,520/yrincome needed

About This Home

3 unit multifamily brick house perfect for investors. This property presents a compelling value-add opportunity for a real estate investor in the emerging Connellsville, PA market. Located at 524 Race Street, this multi-unit brick property was built in 1900 and has a total interior livable area of 2,808 square feet. It features a layout with 5 bedrooms and 3 bathrooms, and is identified as a triplex, although only two of the three units are currently city-permitted. Property taxes are only $1067 per year. Median listing home price is $164,900. Don't miss your opportunity to own a 3 family with high yield

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Interior Area

  • Total structure area: 3,089
  • Total interior livable area: 3,089 sqft

Property

Details

  • Parcel number: 05070369
  • Special condition: Auction

Lot

  • Lot size: 2,613 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $247$2,964
Home Insurance *$34$408
Property Taxes $44$528
Electricity $338$4,067
Total$663$7,956
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$22,731/yr
40% on housing$19,890/yr
45% on housing$17,680/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$16This listing

vs Other Active Listings

Avg $/sqft

ZIP 15425$109
Fayette County$105

vs Homes Sold Last Month

Median $/sqft

ZIP 15425$114
Fayette County$114

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2024-06-07Sold$1,449

Unknown Listed By

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