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$172,000
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Property Description
Turn-key investment in Derry Borough! Mixed-use property with 3 leased one-bedroom apartments and a retail storefront (grooming business). All units leased, producing $35,160 GAI with an approx. 8% cap rate at list price. Includes an adjacent vacant lot (50x120 ft) offering expansion, parking, or added value. Strong tenant base with updated leases in place. Convenient location near Route 982, minutes to Latrobe & Route 30. Great opportunity for investors seeking cash flow + upside. sale also includes adjacent vacant lot 06-01-14-0-018, 50 x 121 Unit A: $380/month Unit B: $825/month Unit C: $825/month Unit D: $825/month
Full Property Details
Full Property Details for 128 S Chestnut St
General
- Sold For: $172,000
- Taxes: $1,960
- Status: Closed
- Type: Commercial
- Source: West_Penn_MLS
- MLS ID: 1720959
- Added to Site: 126 day(s) ago
Parking
- Total Spaces: 4
Location
- County: Westmoreland
- Driving Directions: From Route 30 East, take Route 982 North to Route 217 into Derry. Continue on Route 217, turn right onto West 4th Ave. turn left onto South Chestnut Street. Property on left, across from the park.
Utilities
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Construction: Brick, Vinyl Siding
Unit Information
- Vacancy %: 5
Lot Features
- Lot Size (Acres): 0.0689
- Lot Dimensions: .0689
- Frontage: City Street
- Zoning: Comm
Financial Considerations
- Assessment Amount: $13,000
- Tax Amount: $1,960
Listing courtesy of Integrity Plus Realty
Sold courtesy of Integrity Plus Realty
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Schools
Schools serving 128 S Chestnut St
School District:Derry Area School District
| Name | Grades | Distance |
|---|---|---|
Grandview El School, Derry, PA 188 Recreation Rd, Derry, PA 15627 | K-5 | 0.9 mi |
Derry Area Middle School 994 North Chestnut Street, Derry, PA 15627 | 6-8 | 0.6 mi |
Derry Area Senior High School 988 North Chestnut Street, Derry, PA 15627 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 S Chestnut St
Date
Details
Price
Change
Source
12/04/2025
Sold
$172,000
-23.56%
MLS
9/28/2025
Price Reduced
$225,000
-6.25%
MLS
9/13/2025
Listed
$240,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
128 S Chestnut St, Derry Boro, PA 15627 (MLS# 1720959) is a Commercial property that was sold at $172,000 on December 04, 2025. Want to learn more about 128 S Chestnut St? Do you have questions about finding other Commercial real estate for sale in Derry Boro? You can browse all Derry Boro real estate or contact a Coldwell Banker agent to request more information.

