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    509-511 Broad Street South Fork, PA 15956

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    For Sale
    $49,900

    Multi-Family - South Fork, PA

    Type:Multi Family
    Property size:
    1,984 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $25/SF
    Added:
    May 4, 2026
    Days on Market:
    4
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 509-511 Broad Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Zoning
    Residential
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
    Parking features
    None, Off Street
    Interior features
    Dining Room, Kitchen, Living Room
    Basement Y/N
    1
    Standard status
    Active
    Size
    1,984 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Number of units
    2
    Flooring type
    Carpet, Hardwood, Laminate, Wood
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Bob & Bobby Colvin

    Listing agent Bob & Bobby Colvin

    Listing office RE/MAX TEAM, REALTORS 2225 Ruth Way @ The Roundabout, Johnstown, PA

    Listing date May 4, 2026

    MLS# 96041533 Listing URL

    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.

    HighLights

    • Two separate units, each with 3 bedrooms, offering rental income potential or multi‑generational living.
    • Separate utilities for each unit, simplifying tenant management and cost allocation.
    • Off‑street parking available for residents.
    • Durable metal roof for long‑term protection.
    • Newer windows with lifetime transferable warranty.
    • Each unit includes a living room, dining room, kitchen, and full bath.

    Overview

    South Fork Multi-Family Investment

    This two-unit home, situated in South Fork, PA, presents an opportunity to expand a real estate portfolio. Each unit features a living room, dining room, kitchen, three bedrooms, and a full bath. Both units are equipped with oil forced air heat, a metal roof, separate utilities, covered porches, and off-street parking. The windows have been replaced and include a lifetime transferable warranty. The property has a total size of 1984 square feet and is located on a 0.07-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Gym & Fitness Center Kitchen & Bath Showroom Auto Repair Shop Bar & Pub Barber Shop Nursing Home Nursing Home Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Fork
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.78887
    Latitude
    40.36261

    Nearby Similar for Sale

    • $350,000

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant, bar, and catering business with liquor license.
      615 Ragers Hill Road, South Fork, PA 15956
      View Details
    • $46,000
      1,920 SF

      South Fork Multi-Family Property

      Two-bedroom apartment in South Fork, PA for sale.
      512-514 Broad Street, South Fork, PA 15956
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit residential property with separate utilities and off-street parking.
    Where is this duplex located?
    The property is located at 509-511 Broad Street South Fork, PA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Two separate units, each with 3 bedrooms, offering rental income potential or multi‑generational living.; Separate utilities for each unit, simplifying tenant management and cost allocation.; Off‑street parking available for residents.
    (814) 262-7653
    We can help!
    Listing Contact
    Bob & Bobby Colvin
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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