The c.1925 Pennsylvania duplex at 257 Lavansville Rd in Somerset presents a unique opportunity with one move-in ready unit and another in need of renovation. This arrangement offers flexibility for owner-occupants or investors looking to generate rental income.
Flexible Dual-Unit Living Arrangement
This duplex combines convenience and potential. One unit is fully prepared for immediate occupancy, allowing a quick move-in or rental start. The second unit’s renovation needs provide a chance to customize the space to personal preference or maximize rental appeal, making it attractive for buyers valuing adaptable property options.
Value-Added Features Enhance Usability
Key amenities on the property include a private pool, a spacious two-car garage, and a dedicated office space. The pool adds seasonal recreational value for residents or tenants, contributing to lifestyle appeal. The large garage supports multiple vehicles or storage, while the office space caters to home-based work or study, meeting modern demands for functional living.
Property Pricing in an Affordable Market
Listed at $140,000, this duplex is competitively priced within Somerset’s housing market. The area’s median home value hovers around $122,800, reinforcing the affordability factor. This price point aligns with budgets aimed at acquiring multi-family properties in regions where living costs are approximately 23% lower than national averages.
Somerset’s Economic Landscape and Implications
Somerset’s local economy offers affordability but comes with challenges such as limited job opportunities and higher unemployment rates. Many residents commute for work, which may affect renter stability and long-term investment prospects. Considering these factors is vital for buyers planning rental occupancy or resale timelines.
Prime Location Near Recreational Amenities
The duplex benefits from proximity to resorts, state parks, and other recreational resources. Outdoor enthusiasts and tenants seeking lifestyle advantages may find this aspect particularly appealing. Easy access to nature and leisure activities can enhance tenant satisfaction and retention.
Investment Versatility and Owner-Occupant Options
Offering a balance between an immediately livable unit and a renovatable space, the property serves diverse needs. Investors can start rental income with minimal delay while enhancing the second unit’s value over time. Alternatively, families or multi-generational households may appreciate the opportunity to live close yet maintain separate spaces.
Assessing Long-Term Value in Somerset’s Market
While Somerset’s economic constraints require careful analysis, the affordable entry price combined with property features makes 257 Lavansville Rd a practical choice for value-oriented buyers. Its mix of amenities, location benefits, and flexible unit conditions present a foundation for steady income or comfortable living, contingent on market conditions and renovation efforts.
Integrating the duplex’s characteristics with Somerset’s economic and lifestyle profile allows potential buyers and investors to weigh benefits against challenges thoughtfully. This balanced understanding supports informed decisions for those exploring multi-family investment or affordable housing solutions in Pennsylvania.