Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    517 Harlan Ave Johnstown, PA 15905

    Sponsored
    For Sale
    Contact for pricing

    MULTI_FAMILY - Contemporary - JOHNSTOWN, PA

    Property size:
    1,344 SF
    Lot size:
    0.11 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 28 at 12:06 am

    Property Features for 517 Harlan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Driveway, On Street
    Size
    1,344 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Number of units
    2
    Building materials
    Block
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Kyle Colby

    Realty ONE Group Supreme (267) 767-0605

    Listing agent Kyle Colby (732) 691-5944 License #Rs379147

    Listing date Feb 18, 2026

    MLS# PACA2000776

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Johnstown Duplex: Investment Opportunity

    This side-by-side duplex, situated in a well-established neighborhood within the Ferndale Area School District, offers an excellent opportunity for investors or owner-occupants. Each side of the duplex features a private entrance and functional layout. The property requires updates and is priced accordingly, presenting a value-add opportunity to build equity and increase cash flow. The sewer is compliant. Located near local amenities in JOHNSTOWN, PA, the property has a lot size of 0.11 acres and a property size of 1344 square feet. This multifamily property offers strong rental demand and is ready for its next owner to bring their vision and unlock its full potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.91774
    Latitude
    40.28854

    Nearby Similar for Sale

    • $1,600,000
      42,220 SF

      Functional Industrial Space on Eisenhower Boulevard

      42,220 SF industrial property on 4.3 acres in Johnstown.
      850 Eisenhower Blvd, Johnstown, PA 15904
      View Details
    • $1,600,000
      42,220 SF

      Functional Industrial Space on Eisenhower

      42,220 SF industrial space on 4.3 acres in Johnstown.
      850 Eisenhower Blvd, Johnstown, PA 15904
      View Details
    • $45,000
      Pending

      Turn-Key Beauty Salon in Johnstown

      Turn-key beauty salon with off-street parking and central air.
      83-1/2 Fairfield Ave, Johnstown, PA 15906
      View Details
    • $139,900
      0.23 Acres

      Johnstown Commercial Property For Sale

      Commercial property in high-traffic area with warehouse and garage bays.
      225 Southmont Blvd, Johnstown, PA 15905
      View Details
    • $149,900
      0.33 Acres

      Johnstown Car Wash Investment Opportunity

      Two car wash locations for sale in Johnstown, Pennsylvania.
      266 Strayer St, Johnstown, PA 15906
      View Details
    • $149,900
      0.15 Acres

      Car Wash Investment Opportunity

      Two car wash locations offered as a package deal.
      635-639 Maple Ave, Johnstown, PA 15901
      View Details
    • $139,900
      Pending

      Commercial Office Building in Johnstown

      Two-story commercial office building with modern upgrades and high visibility.
      638 Ferndale Ave, Johnstown, PA 15905
      View Details
    • $195,000
      Pending

      Johnstown Multi-Family Investment Opportunity

      Two well-maintained townhouses near local amenities, great investment property.
      241 Marietta Dr, Johnstown, PA 15904
      View Details
    • $124,900
      0.51 Acres

      Johnstown Commercial/Business Opportunity

      Former appliance store complex with multiple buildings and large parking.
      521 Franklin St, Johnstown, PA 15901
      View Details
    • $32,500

      Johnstown Commercial Property with Drive-Through

      High-visibility commercial property ideal for fast-casual food service.
      466 Harold Ave, Johnstown, PA 15906
      View Details
    • Contact for pricing
      Pending

      Johnstown Commercial Building on Corner Lot

      Well-maintained commercial building suitable for various business operations.
      571 Cypress Ave, Johnstown, PA 15902
      View Details
    • $69,000
      0.09 Acres

      Renovated Office Space in Johnstown

      Renovated office space in downtown Johnstown with multiple suites.
      538 Main St, Johnstown, PA 15901
      View Details

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex in established neighborhood, great investment potential.
    Where is this duplex located?
    The property is located at 517 Harlan Ave Johnstown, PA.
    What is the asking price?
    The asking price for this property is $29,000.
    What are key features of this property?
    This property features: - Tremendous potential for investors or owner-occupants in a high-demand rental area.; - Priced for value-add opportunity, allowing for equity building and increased cash flow.; - Located in the desirable Ferndale Area School District.
    (732) 691-5944
    Request Owner's contact information
    517 Harlan Ave Johnstown, PA 15905
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    517 Harlan Ave
    Johnstown, PA 15905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    517 Harlan Ave Johnstown, PA 15905
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyle Colby
    Real Estate License ID: Rs379147
    (732) 691-5944
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!