NEW 29 HRS AGO

For sale

$198,000

Est. $1,352/mo —

•

—

sq ft

464 Reed Ave, Monessen, PA 15062

About this home

Looking for a turnkey investment? This newly renovated triplex is ready to generate income from day one! Featuring separate electric, gas, and water utilities for each unit, newer mechanicals, and numerous updates throughout, this well-maintained property offers an outstanding opportunity for investors and owner-occupants alike. Unit 1 offers 2 bedrooms, a cozy fireplace, and in-unit laundry. Unit 2 features 2 bedrooms, spacious rooms, and a dedicated computer nook. Unit 3 is a 1-bedroom unit with first-floor access, level entry and a beautifully updated bathroom, providing comfort and convenience. The backyard offers space outdoor enjoyment, entertaining, or gardening. Whether you're looking to live in one unit while generating rental income from the others or add a fully occupied multifamily property to your portfolio, this triplex provides flexibility, efficiency, and excellent income potential. Don't miss this opportunity to own a wonderful investment property with strong cash-flow potential and long-term value.

Multi-familyProperty Type

1940Year Built

5,998 sq ftLot Size

Listed by • HOWARD HANNA MID MON VALLEY OFFICE

Listing updated: Oct 18, 2026 at 10:30pm

Redfin checked: 2 minutes ago

•Source:West Penn MLS #1779783

Payment calculator

$1,352 per month

Principal and interest$1,108

Property taxes

$185

HOA dues

Home insurance

$59

Utilities

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Open houses

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Nearby open houses (8)

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Around this home

Schools

K - 12
Preschool & daycare

Monessen El Center

Public PreK-5 • Assigned • 0.5mi

4/10

Monessen Middle School

Public 6-8 • Assigned • 1.7mi

3/10

Monessen Senior High School

Public 9-12 • Assigned • 1.7mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

464 Reed Ave · $198,000

DAYS ON MARKET

The average home goes pending in 141 days.

SALE-TO-LIST

Most homes are selling 8% below list price.

LIST PRICE

Median list price in this area is $161,024. (19% lower than this home)

PRICE DROP

14% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Bedrooms
Two 2-bedroom units and one 1-bedroom unit

Bathrooms
Three units, each with one full bathroom

Sale and tax history for 464 Reed Ave

Sale History
Tax History

Date

Event

Price

West Penn MLS #1779783

Oct 18, 2026

Listed

$198,000

West Penn MLS #1664197

Dec 4, 2024

Sold

$161,000

Nov 25, 2024

Pending

—

Aug 13, 2024

Contingent

—

Jul 23, 2024

Listed

$180,000

+33

West Penn MLS #1663726

Dec 4, 2024

Sold

$161,000

Nov 25, 2024

Pending

—

Aug 13, 2024

Contingent

—

Jul 19, 2024

Listed

$180,000

+32

Discover the perfect blend of comfort, convenience, and investment potential with this newly renovated tri-plex Seasoned investor or just starting your portfolio, this property offers a fantastic chance to live and earn simultaneously Unit 1: 2-bedroom unit w/ fireplace and laundry Unit 2: 2 bed, large rooms computer nook Unit 3: 1-bedroom unit featuring first-floor access and an all-new bathroom. Perfect for anyone seeking modern comforts with easy accessibility. Each unit is independently metered for electric, gas, and water, ensuring seamless management and billing. The property boasts a large backyard, providing a perfect space for outdoor gatherings, gardening, or simply relaxing in the open air. Whether you're looking to live in one unit and rent out the others or rent all three, this tri-plex offers flexibility and potential for steady income. Don't miss out on this fantastic opportunity to invest in a property that promises both immediate comfort and long-term gains.

Public Records

Nov 15, 2018

Sold

$114,823

West Penn MLS #814405

Apr 1, 2011

Sold

$39,900

Mar 16, 2010

Listed

$39,900

Public Records

Nov 1, 2000

Sold

$44,000

Year

Property tax

Land + Additions

Assessment*

2026

$2,883

$2,220 + $15,990

$18,210

2025

$2,885 (+1.4%)

$2,220 + $15,990

$18,210

2024

$2,846 (+3.2%)

$2,220 + $16,390

$18,610

2023

$2,757 (+1.7%)

$2,220 + $16,390

$18,610

2022

$2,711

$2,220 + $16,390

$18,610

2021

$2,711

$2,220 + $16,390

$18,610

2020

$2,711 (+2.2%)

$2,220 + $16,390

$18,610

2019

$2,652 (+4.2%)

$2,220 + $16,390

$18,610

2018

$2,546 (+4.6%)

$2,220 + $16,390

$18,610

2017

$2,434 (+5.0%)

$2,220 + $16,390

$18,610

2015

$2,317

$2,220 + $16,390

$18,610

Public record

Beds

—

Baths

—

Stories

—

Lot width

40 ft.

Lot depth

150 ft.

Lot size

6,000 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,314

Year built

1940

Style

Other

County

Westmoreland County

APN

20 2 3 0 399

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 98° expected this year, 19 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Monessen, PA • 15062

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 464 Reed Ave

$197,932

$68 under list price of $198K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $119K to $225K.

SOLD SEP 30, 2026
$175,000 Last sold price
3 beds2 baths— sq ft
19 Rex Blvd, Monessen, PA 15062
larger lot
24 years newer
basement
SOLD SEP 11, 2026
$225,000 Last sold price
3 beds2 baths— sq ft
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larger lot
basement
SOLD AUG 14, 2026
$179,000 Last sold price
3 beds2.5 baths— sq ft
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larger lot
basement
SOLD JAN 23, 2026
$194,000 Last sold price
3 beds1.5 baths1,526 sq ft
25 Park Dr, Monongahela, PA 15063
larger lot
4 years newer
basement
SOLD JUL 1, 2026
$119,000 Last sold price
2 beds2 baths— sq ft
1210 Patton Ave, Monessen, PA 15062
smaller lot
8 years newer
basement
SOLD AUG 28, 2026
$135,000 Last sold price
2 beds1 bath— sq ft
999 Route 837, Monongahela, PA 15063
smaller lot
20 years newer
basement

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Details provided by West Penn MLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (8)

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 464 Reed Ave

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 464 Reed Ave

Early Access listings

Nearby similar homes

New listings for sale in 15062

More real estate resources