Turnkey 2-Unit Investment Property – Ready to Rent!
This well-maintained 2-unit apartment home is a fantastic opportunity for investors or owner-occupants! Featuring separate utilities and in-unit laundry for each unit, this property is move-in ready and offers excellent rental potential.
The lower unit boasts 3 bedrooms—including one on the second floor—and a full bathroom, providing a spacious layout. The upper unit features 2 bedrooms and 1 full bath, making it ideal for tenants seeking comfort and convenience. Both units are in great condition, offering bright living spaces, ample storage, and functional layouts.
With its prime location and strong rental potential, this is an incredible opportunity to generate steady income. Don’t miss out—schedule a showing today!
Pending
$84,900
408 W Water St, Smethport, PA 16749
5beds
2,016sqft
Est.:
Duplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$42/sqft
$-- HOA
What's special
Bright living spacesAmple storageFunctional layouts
- 23 days
- on Zillow |
- 240 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 04:19am
Listed by:
Kenneth M. Bailey 716-307-6960,
Real Estate Pros & More 716-372-7100,
Nathan Frederico 814-598-2120,
Real Estate Pros & More
Source: NYSAMLSs,MLS#: R1597437
Originating MLS: Chautauqua-Cattaraugus

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air, Space Heater
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Pull Down Attic Stairs
- Flooring: Carpet, Hardwood, Laminate, Varies, Vinyl
- Basement: Partial
- Attic: Pull Down Stairs
- Has fireplace: No
Interior area
- Total structure area: 2,016
- Total interior livable area: 2,016 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 36 x 132
- Features: Rectangular, Residential Lot
Details
- Parcel number: 15,005.14100.
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Fiber Cement, Copper Plumbing
- Foundation: Block, Stone
- Roof: Metal
Condition
- Resale
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Smethport
Financial & listing details
- Price per square foot: $42/sqft
- Tax assessed value: $28,870
- Annual tax amount: $953
- Date on market: 4/3/2025
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
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