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$120,000

  • Sold
  • Closed
  • Multi-Family
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Four-unit Victorian income property located at 116 West 2nd Street, Oil City. This older character-filled home features four residential units, including three one-bedroom units and one two-bedroom unit. The property offers off-street parking for two units and showcases classic Victorian charm. Recent updates include a newer roof, newer furnaces, and newer hot water tanks, adding value and peace of mind for investors. A solid opportunity for those looking to expand their rental portfolio in a convenient in-town location.

Full Property Details for 116 W 2nd

General

  • Sold For: $120,000
  • Taxes: $3,359
  • Status: Closed
  • Type: Multi-Family
  • Source: 702
  • MLS ID: 162431
  • Added to Site: 160 day(s) ago

Rental Information

  • Rent Includes: Other

Additional Information

  • Other Features: Cable TV Available, High Speed Internet

Location

  • County: Venango

School Information

  • School District: Oil City

Heating & Cooling

  • Cooling Type: Room
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Exterior Const.: Aluminum Siding, Block, Frame
  • Basement Desc.: Full, Walk-Out Acess
  • Roof: Composition, Other
  • Square Feet: 3,761
  • Year Built: 1900

Unit Information

Unit 1

  • Level: 2
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Zoning: Residential

Financial Considerations

  • Tax Amount: $3,359.95

Listed by Realty One Group Landmark - Franklin
Sold by Shawgo Real Estate LLC

Listing agent

— 116 W 2nd —

  • Realty One Group Landmark - Franklin

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 116 W 2nd

School District:Oil City Area School District
NameGradesDistance
Seventh Street School
102 West 7th Street, Oil City, PA 16301
2-40.4 mi
Smedley Street School
310 Smedley Street, Oil City, PA 16301
K-10.5 mi
Oil City Area Middle School
8 Lynch Boulevard, Oil City, PA 16301
5-81.5 mi
Oil City Senior High School
10 Lynch Boulevard, Oil City, PA 16301
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 W 2nd

Date
Details
Price
Change
Source
4/17/2026
Sold
$120,000
-25%
MLS
12/18/2025
Listed
$160,001
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Realty One Group Landmark - Franklin
Sold by Shawgo Real Estate LLC

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674 Grant St Lot 20  Franklin, PA 16323

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Price Reduced near 116 W 2nd

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1412 Liberty St, Franklin, PA 16323 - Photo 1 Price Reduced
-$10,000 (-6.46%)
$144,900

1412 Liberty St  Franklin, PA 16323

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  • 4
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1412 Liberty St, Franklin, PA 16323 - Photo 1 Price Reduced
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1412 Liberty St, Franklin, PA 16323 - Photo 1 Price Reduced
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Recent Sales near 116 W 2nd

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205 W 3rd St, Oil City, PA 16301 - Photo 1 Sold
$125,000

205 W 3rd St  Oil City, PA 16301

  • Multi-Family
  • Closed
Listed by Burford & Henry Real Estate Services
Sold by Howard Hanna - Rosewood Real Estate
108 E 6th St, Oil City, PA 16301 - Photo 1 Sold
$117,792

108 E 6th St  Oil City, PA 16301

  • Single Family
  • Closed
  • 3
    Beds
  • 1
    Total Bath
  • 1,456
    Sq. Ft.
Listed by Gates & Burns Realty, Inc Oc
Sold by Kriner Real Estate LLC
107 E 6th St, Oil City, PA 16301 - Photo 1 Sold
$105,000

107 E 6th St  Oil City, PA 16301

  • Single Family
  • Closed
  • 3
    Beds
  • 1
    Total Bath
  • 1,370
    Sq. Ft.
Listed by 1st Rate Realty, LLC
Sold by 1st Rate Realty, LLC
410 Euclid Ave, Oil City, PA 16301 - Photo 1 Sold
$135,000

410 Euclid Ave  Oil City, PA 16301

  • Single Family
  • Closed
  • Updated 1 day ago
  • 4
    Beds
  • 1
    Total Bath
Listed and Sold by Richards & Richards Real Estate LLC

116 W Second, Oil City, PA 16301 (MLS# 162431) is a Multi-Family property that was sold at $120,000 on April 17, 2026. Want to learn more about 116 W Second? Do you have questions about finding other Multi-Family real estate for sale in Oil City? You can browse all Oil City real estate or contact a Coldwell Banker agent to request more information.