Residential Income Duplex
New
For Sale
$175,000
305 Hornet Avenue, Johnstown, PA 15902
MULTI_FAMILY - Johnstown, PA
Property Size2,624 SF
Lot Size0.25 Acres
Price / SF$66.69
Days on Market4
Property Features for 305 Hornet Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2
Fireplace
1
Lot features
Irregular
Elementary school district
Conemaugh Valley
Middle school district
Conemaugh Valley
High school district
Conemaugh Valley
Directions
Frankstown road, turn right onto Truman Blvd, then turn right onto Bon Air onto Hornet Avenue, go thru stop sign and house is on the left
Subdivision
Conemaugh Twp-Cambria-14
Standard status
Active
APN
14-83-203
Size
2,624 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2183/280
Tax Annual Amount
2037
Legal Description
2183/280
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW EXCLUSIVE REAL ESTATE
(814) 266-9521
Listed By:
Lynn Richards
(814) 341-4414
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 96042182
Copyright © 2026 Cambria Somerset Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This spacious 4BR, 3BA residential income property offers flexible interior living arrangements. Recent major updates include newer windows, roof, furnace, siding, and a hot water heater. The layout includes a family room with a second kitchen, and an adjoining primary suite that can be converted into a private in-law suite. Propane hookups are available in both the living room and family room. Practical features include 1st floor laundry, plus a partially covered patio and a fenced-in back yard.
The property is located in Johnstown, PA, in a Residential-zoned setting. Outdoor recreation is nearby, with a neighborhood park that includes a playground and basketball court.
Overall, the home combines multiple recent improvements with an adaptable configuration designed to support more than one living arrangement under a single roof.
The property is located in Johnstown, PA, in a Residential-zoned setting. Outdoor recreation is nearby, with a neighborhood park that includes a playground and basketball court.
Overall, the home combines multiple recent improvements with an adaptable configuration designed to support more than one living arrangement under a single roof.
Key Highlights
- Spacious 4BR, 3BA home with flexible layout and 1st floor laundry
- Recent major updates include newer windows, roof, furnace, siding, and hot water heater
- Fireplace is an option with propane hookups in both the living room and family room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $12.00 |
| − Vacancy | −$2.2k | −$0.84 |
| EGI | $29.3k | $11.16 |
| − OpEx | −$13.2k | −$5.02 |
| NOI | $16.1k | $6.14 |
2,624 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.6K – $288.8K
NOI $17,330 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$230.1K
$201.3K – $268.4K
NOI $16,106 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$791.7K
$692.7K – $923.7K
NOI $55,419 @ 7.0% cap · market cap 31.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 15902, PA
11,107
Population
6,281
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
9.4 sq mi
ZIP Area
1,182
Density / Sq Mi
$42,163
Median Household Income
$34,187
Median Earnings
$684
Median Rent
$58,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious 4BR, 3BA residential income property in Johnstown with recent major updates and a fenced yard.
Where is this duplex located?
The property is located at 305 Hornet Avenue Johnstown, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Spacious 4BR, 3BA home with flexible layout and 1st floor laundry; Recent major updates include newer windows, roof, furnace, siding, and hot water heater; Fireplace is an option with propane hookups in both the living room and family room
