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934 Wood Street, Latrobe 934 Wood Street, Latrobe, PA 15650
Property Description
934 Wood Street is just a few streets over the border between Derry and Latrobe, and close enough to walk to downtown Latrobe. It might not be pretty but it's a cash cow that a serious investor won't want to miss! 2 3 bedroom units, 2 2 bedroom units and 1 commercial space. Once home to an audio recording studio and school, the building is solid and quiet, with lots of parking and even more potential. New roof. Sold as-is.
Area Description
Located near the Latrobe / Derry border, this area benefits from steady renter demand driven by regional employers, healthcare, manufacturing, and education. Close proximity to downtown Latrobe, public transit, and everyday amenities makes the location convenient for long-term residents, while access to Route 30 and nearby employment centers supports commuters. A mix of blue-collar and service-sector jobs, combined with limited quality rental inventory, helps keep units occupied and rents stable—making the Latrobe/Derry market a dependable choice for income-focused investors.
Highlights
• 5 total units: 4 residential + 1 commercial
• Mix of 3-bedroom and 2-bedroom units
• Large parking area and solid structure
• New roof
• Previously used as a recording studio and school
• Sold as-is with significant upside for hands-on investors
Full Address: 934 Wood Street, Latrobe, PA 15650
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 80%
Region: E-NE
County: Westmoreland County
Property ID: 4097993
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Heating: Yes
Has Gas: Yes
Roof: Asphalt
Parcel Num: 45-40-07-0-117
Number Parking Spaces: 12
Cap Rate: 10.31%
Tenancy Type: Multi-Tenant
• 5 total units: 4 residential + 1 commercial
• Mix of 3-bedroom and 2-bedroom units
• Large parking area and solid structure
• New roof
• Previously used as a recording studio and school
• Sold as-is with significant upside for hands-on investors
Average Monthly Rent - 3 bed / 1 bath: 1045
Average Monthly Rent - 3 bed / 1 bath: 1035
Average Monthly Rent - 2 bed / 1 bath: 885
Average Monthly Rent - 2 bed / 1 bath: 770
Average Monthly Rent - Commercial / Studio: 451
Cf Op Expenses: $20,232
Cf Effective Gross: $48,575
Scheduled Income: $51,132
NOI: $28,344