At just $159,999 ($55/sq ft), this 1890 solid brick Queen Anne Victorian stands out as an exceptional value proposition in Southwestern Pennsylvania.
Positioned on a corner lot in downtown Waynesburg’s business district, this 2,912 sq ft property combines preserved 19th-century architecture with a flexible layout suited for commercial offices, multi-tenant residential, or a primary live/work residence.
The main floor exhibits rich walnut woodwork, a grand entry staircase, pocket doors, and original hardwood flooring.
Recent capital improvements—including a new tower roof and fresh vinyl shake siding accents—offset major exterior maintenance costs while preserving the signature turret silhouette.
Property Snapshot
Price: $159,999 💰 ($55/sq ft)
Location: 205 E High St, Waynesburg, PA 15370 📍
Beds/Baths: 4 🛏️ / 2 🛁
Square Footage: 2,912 sq ft 📐
Year Built: 1890 🕰️
Lot Size: 0.15 Acres (6,534 sq ft corner lot) 🌳
Bonus Unit: 3rd-floor efficiency apartment with private kitchen.
Parking: Detached garage + off-street parking driveway.
Investment & Highest & Best Use Analysis
Commercial / Professional Conversion: Situated directly on High Street within the downtown core, the main floor’s spacious foyer, parlor rooms, and full bathroom allow for seamless use as an attorney’s office, accounting firm, or medical/consulting suite while generating secondary rental income upstairs.
Multi-Unit Cash Flow Potential:
Main / 2nd Floor: 4-bedroom residential unit or ground-floor commercial space.
3rd Floor Efficiency: Self-contained studio/1-bedroom unit with its own kitchen, ideal for Waynesburg University student or faculty housing (located less than 0.5 miles from campus).
Preservation Incentives: Because the property sits within the Waynesburg Historic District (listed on the National Register of Historic Places in 1999), income-producing conversions (such as commercial offices or multi-unit rentals) may qualify for the 20% Federal Historic Rehabilitation Tax Credit on certified rehabilitation expenses.
Listed by: Heather Gilbert 724-228-2510, CENTURY 21 FRONTIER REALTY 724-228-2510
Zillow link https://www.zillow.com/homedetails/205-E-High-St-Waynesburg-PA-15370/2124434614_zpid/