About This Home

This 2-bedroom, 1-bathroom single family at 1809 Cornell in McKeesport, PA is listed for $24,000. Built in 1895, on a 0.03 acres lot.

Key Features

  • Built in 1895
  • 0.03 acre lot
  • 2 stories

Property Details

2 stories
1 full
1895
Listing Description

CALLING ALL INVESTORS, CONTRACTORS & REHABBERS! Excellent opportunity to bring this property back to life. This 2-bedroom, 1-bathroom, 2-story home offers great bones and tremendous potential for an investor or contractor looking for their next renovation project.

A full renovation is needed, providing the opportunity to customize the property, add value, and create a desirable rental or resale property. At a projected rental rate of $1,000/month, the property could generate approximately $12,000 in gross annual rental income or $120,000 over 10 years.

At a purchase price of $27,000, this represents a projected 44.4% gross annual rental return. Based solely on projected gross rental income less the $27,000 purchase price, the estimated 10-year gain would be approximately $93,000, before accounting for renovation costs, property taxes, insurance, maintenance, vacancy, utilities, management, financing, and other expenses.

Whether you're an experienced investor, contractor, or rehabber looking for your next project, this property offers an affordable entry point with excellent potential and great bones. Bring your vision and transform this property into a profitable investment. Property is being sold as-is. This property can also be sold with other properties in the McKeesport area. These properties are subject to offer, allowing the buyer to take over the current loan.

Monthly Cost Estimate

$128/mo

20% down · 6.5% · 30 years

Principal$17
Interest$104
Insurance$7

Estimates only. Actual payments may vary.

Location

1809 Cornell

McKeesport, PA 15132

Property Details

Flooring

VinylCarpet

Construction

Frame

Parking

On Street

Heating

Natural Gas

Questions & Answers

This 2-bedroom, 1-bathroom single family at 1809 Cornell is listed at $24,000. The estimated monthly payment is $128 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1895, 0.03 acre lot, 2 stories.

This property is listed by Jessica Payne.

JP

Jessica Payne

License RS336579

Agent at Coldwell Banker Real Estate Services

Listed by Coldwell Banker Real Estate Services · Broker phone: (412) 548-1202 · View on Broker Site · Broker website

MLS# 1771110· Source: West Penn Multi List, Inc.· 65 days on PropertySimple

Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1809 Cornell, McKeesport, PA 15132

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