201 Water Street , Fayette City, PA

About 201 Water Street

This property offers exceptional investment potential, featuring a fully renovated turn-key unit and a second spacious unit ready for completion, mostly cosmetic. Currently configured as a duplex, the layout allows for an easy conversion into a triplex, creating multiple income-producing opportunities. Even better, the property already has separate utilities, making management and tenant billing simple and efficient. The first unit is completely upgraded, never lived in, and ready to rent immediately—perfect for generating instant cash flow. The second unit is a large three-bedroom rental with excellent layout flexibility. With its generous square footage, it can be split to create an additional rental unit, transforming the entire property into a three-unit building and each tennant having their own entrance. A major advantage is the existing plumbing infrastructure: The laundry room on the left as you enter can be converted into a full bathroom, with the original tub still behind the wall on the right side of the current laundry room, making the upgrade even easier. Parking is convenient with plenty of on-street parking plus one dedicated spot on the property. Whether you’re an investor seeking strong rental income or a buyer looking for a property with built-in expansion potential, this versatile duplex—with its straightforward path to becoming a triplex and its separate utilities—delivers outstanding value and opportunity.

Listing Map