626-628 Locust Street, Indiana Boro, PA 15701
Indiana County
Key Facts
Description
Turnkey Investment Opportunity - Fully Rented Student Rental Near IUP. Don't miss this income-producing investment property, fully leased though May 2027, providing immediate and reliable rental income. Ideally located just minutes from Indiana University of Pennsylvania (IUP), this well-maintained student rental is within walking distance of a convenience store, coffee shop, downtown shopping, restaurants, bars, and local recreation parks. The second-floor unit features a recently updated kitchen with newer flooring, cabinets, and countertops, adding modern appeal for tenants. The property also includes a new gas boiler for efficient and dependable heating, along with the convenience of onsite washers and dryers for each unit. With its strong rental history, desirable location and recent updates, this is an excellent opportunity for investors looking to expand their portfolio with a property that offers stable cash flow and long-term rental demand.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1960
Lot Size
0.09 acres
Lot Dimensions
60x68 irregular
Parking Spaces
6
Zoning
R-2
MLS® Listing#
1764496
Property Features
Basement
Parking
Construction
Roof
Utilities
Financial Details
Annual Taxes
$3,237
Assessed Value
$105,600
Directions
Philadelphia Street East. Left on S Sixth Street. Right on Locust Street. Property on left.
Affordability Calculator
$33,980
Estimated monthly payment
$904/mo
Principal $135,920 · Est. interest $189,620 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Indiana Boro, PA
- 55
- Median Days on Market
- 1,506
- Median Sq Ft
- $134
- Median Price / Sq Ft
- 639
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Indiana Boro, PA.
Location
Points of Interest in Indiana Boro, PA
Showing the Indiana Boro area map.
Nearby Schools
Cooperative Store
School · 0.2 mi away
Keys Montessori School
Elementary · 0.3 mi away
Seeds of Faith Christian Academy
School · 0.3 mi away
Horace Mann Elementary School
Elementary · 0.3 mi away
Iup Dept. of Criminology & Criminal Justice
School · 0.4 mi away
Iup Choirs
School · 0.5 mi away
Jewelry & Metals at Iup
School · 0.5 mi away
Cogswell Hall
School · 0.5 mi away
New Story School
School · 0.5 mi away
Indiana County Head Start
School · 0.6 mi away
Indiana Junior High School
Secondary · 0.7 mi away
Indiana Area Senior High School
Secondary · 1.0 mi away
Eisenhower Elementary School
Elementary · 1.0 mi away
St. Bernard Regional Catholic School
School · 1.2 mi away
Indiana Area School District
School · 1.4 mi away
East Pike Elementary School
Elementary · 1.4 mi away
Ben Franklin Elementary School
Elementary · 2.2 mi away
Arin Intermediate Unit 28
School · 3.2 mi away
Homer Center Elementary School
Elementary · 5.9 mi away
Homer Center School District
School · 5.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 112 Biddle Street, Kane Boro, PA | $119,000 | 3 | 2 | 1,624 |
| 125 S Otter St, Mercer Boro, PA | $119,000 | — | — | — |
| 3300 Liberty Way, Liberty Boro, PA | $119,000 | 4 | 2 | 2,132 |
| 6 N Tionesta Avenue, Kane Boro, PA | $119,500 | 3 | 2 | 1,559 |
| 318 WASHINGTON AVE, Charleroi Boro, PA | $119,900 | 11 | 4 | 3,554 |
| 236 Washington Ave, Charleroi Boro, PA | $119,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Indiana Boro
Listing Courtesy: HOWARD HANNA KUZNESKI & LOCKARD R.E. - INDIANA - 7243491924
Last Updated: 2026-07-13