229 Grace Street

Grove City, PA 16127

$510,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Contingent

Contingent

a brick house that has a lots of windows in it
a front view of a house
a front view of a house
a kitchen with white cabinets and appliances
a kitchen with white cabinets and a sink
a kitchen with granite countertop white cabinets and refrigerator
a kitchen with granite countertop a refrigerator and wooden floor
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of a room with wooden floor and chandelier
a bathroom with a toilet and a shower
a view of an empty room with chandelier and wooden floor
a kitchen with a stove a sink and a refrigerator
a living room with furniture and a window
a bedroom with furniture and a window
a room with furniture and musical instruments
a kitchen with granite countertop a refrigerator and a sink
a kitchen with a refrigerator and window
a kitchen with granite countertop cabinets and black stove top oven
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a bathroom with a tub and shower
a front view of a house with garden
a front view of a house with a yard
a view of front door
a front view of a house with a garden
a kitchen with a sink cabinets wooden floor and a window
a view of an empty room and wooden floor and a window
an empty room with wooden floor and windows
a bathroom with a granite countertop toilet and sink
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink and a microwave with wooden floor
a view of empty room with wooden floor and fan
a view of a livingroom with wooden floor
a white toilet sitting next to a bathroom sink
a front view of a house with a yard and garage

Description

Here is an incredible opportunity to purchase an entire 9 unit rental portfolio with tremendous cash flow on day one. In addition, the new owner has the ability to quickly add value by finishing the renovation process on the last few units. This rental portfolio consists of 4 excellent properties in Grove City: 229 Grace St Triplex, 227 Grace St Triplex, 221-1/2 Grace St SFR, and 412 W Main St Duplex. These well updated apartments have excellent long term tenants in place.Here is an incredible opportunity to purchase an entire 9 unit rental portfolio with tremendous cash flow on day one. In addition, the new owner has the ability to quickly add value by finishing the renovation process on the last few units. This rental portfolio consists of 4 excellent properties in Grove City: 229 Grace St Triplex, 227 Grace St Triplex, 221-1/2 Grace St SFR, and 412 W Main St Duplex. These well updated apartments have excellent long term tenants in place.
  1. Listed by BERKSHIRE HATHAWAY THE PREFERRED REALTY

Property Details for 229 Grace Street

Zoning
MUL
LISTING UPDATED: 02/25/2025 10:31 PM

Property Details for 229 Grace Street

StatusContingent
MLS #1682934
Days on Market74
Taxes$1,845 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Unit / Triplex
Year Built9999
Lot Size0.17 AC / 7,479 SF
CountyMercer County

Building Information for 229 Grace Street

Stories-Residences9Year Built9999Building Size-Lot Size0.17 AC / 7,479 SF

Property Information for 229 Grace Street

Summary
Location and General Information
  • City Name: Grove City
  • Postal Code: 16127
  • County Or Parish: Mercer
  • County M 360: Mercer
  • State Or Province: Pennsylvania
  • Directions: From Broad Street to a right onto Pine Street to a right onto Grace Street to the property on the right
Taxes and HOA Information
  • Map Num Block Num Lot Num Info: 59-7550
  • Taxes: $1,845
School Information
  • School District: Grove City Area
Parking
  • Parking Description: On-Street Parking
Property
Lot Information
  • Acres: 0.1717
  • Lot Size: 0.1717
  • Type of Property: Triplex
  • Area: Grove City Boro
  • Construction: Brick, Vinyl
Property and Assessments
  • Assessment Value: $18,600
  • Insurance: $5,937
  • Year Built Numeric: 9999
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Photo Count: 35
Utilities
  • Utilities: $9,720
  • Utilities Available: Electricity, Gas, Sewer, Water
Interior and Exterior Features
Exterior Features
  • Roof: Asphalt
Interior Features
  • Baths Total: 0.0
  • Basement: Yes
Multi Family
Multi-Family Information
  • Num of Units: 9
  • Total Numof Units: 9
Income and Expenses
  • Gross Annual Income: $59,850
  • Net Operating Income: $39,508
Unit Information
Unit 1
  • Unit Full Baths 1: 1
  • UNIT Monthly Rent 1: 1000
  • Unit Num Bedrooms 1: 3
Unit 2
  • Unit Full Baths 2: 1
  • UNIT Monthly Rent 2: 550
  • Unit Num Bedrooms 2: 2
Unit 3
  • Unit Full Baths 3: 1
  • UNIT Monthly Rent 3: 750
  • Unit Num Bedrooms 3: 2
Unit 4
  • Unit Full Baths 4: 1
  • UNIT Monthly Rent 4: 787.50
  • Unit Num Bedrooms 4: 2
Unit 5
  • Unit Full Baths 5: 1
  • UNIT Monthly Rent 5: 1000
  • Unit Num Bedrooms 5: 2
Unit 6
  • Unit Full Baths 6: 1
  • UNIT Monthly Rent 6: 900
  • Unit Num Bedrooms 6: 1
Unit 7
  • Unit Num Bedrooms 7: 0
Unit 8
  • Unit Num Bedrooms 8: 0
Unit 9
  • Unit Num Bedrooms 9: 0
Rental
Rental Information
  • Tenant Occupied: Yes
  • Vacancy Percentage: 33

Property History for 229 Grace Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 229 Grace Street

Taxable ValueLand$4,650Additions$13,950Total$18,600
Tax Record2023$1,844 ($154 / month)
Home Facts
Beds0Stories2Lot Size7,480 SqFtStyleSingle Family ResidenceYear Built1918CountyMERCERAPN59 557 017

Schools near 229 Grace Street

This home is within Grove City Area School District.
Rating
School
Type
Grades
Distance
Highland El School
Public - K to 1
Hillview El School
Public - K to 5
Grove City Area Ms
Public - 6 to 8
George Jr Republic Middle School
Public - 6 to 8
Rating
School
Distance
Highland El School
PublicK to 1

Hillview El School
PublicK to 5

Grove City Area Ms
Public6 to 8

George Jr Republic Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BERKSHIRE HATHAWAY THE PREFERRED REALTY

The information is being provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 West Penn Multi-List, Inc.. All Rights Reserved. Last Updated: 02/25/2025 10:31 PM