Renovated 4-Unit Apartment
537 N Edgewood Ave Somerset, PA 15501
537 N Edgewood Ave, Somerset, PA, 15501
$290,000
For Sale
$290,000
MULTI_FAMILY - Somerset, PA
Property Size3,086 SF
Lot Size0.25 Acres
Price / SF$93.97
Days on Market99
Property Features for 537 N Edgewood Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
- Appliances
- Dryer, Range Oven, Refrigerator, Washer, Washer/Dryer Stacked
- Standard status
- Active
- APN
- S41-027-149-00
- Size
- 3,086 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DBV 3105 /777
- Tax Annual Amount
- 2729
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Baseboard
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REALTY ONE GROUP LANDMARK SOMERSET
(814) 483-8467
101 W Main St, Indiana, PA
Listed by
Lee Hoffman
(814) 279-1733
Added: Apr 11 Checked: Jul 18 at 11:06 am
MLS# 96041383
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.
Investment Insights
Based on property information with market context.
This for-sale four-unit apartment property has been entirely renovated throughout and is ready for occupancy. The building contains four separate units, and each unit is configured with one bedroom and one bathroom. Interiors include new drywall, fresh carpet, quartz countertops, updated cabinetry, and updated fixtures. Brand new, in-unit appliances are included, with stack-able washer/dryer, a refrigerator, and an oven in each unit.
Each unit is separately metered, and the property has individual hot water tanks for every unit. Electrical has been updated with a panel box in each unit, supporting independent service within the building.
With four 1-bedroom, 1-bath units and extensive renovations completed, the property is well suited for buyers seeking a turn-key residential income asset. The separately metered setup and individual hot water tanks can help simplify tenant-level utility management, while the new finishes and appliances offer a consistent, updated look across all units.
Each unit is separately metered, and the property has individual hot water tanks for every unit. Electrical has been updated with a panel box in each unit, supporting independent service within the building.
With four 1-bedroom, 1-bath units and extensive renovations completed, the property is well suited for buyers seeking a turn-key residential income asset. The separately metered setup and individual hot water tanks can help simplify tenant-level utility management, while the new finishes and appliances offer a consistent, updated look across all units.
Key Highlights
- 4‑unit apartment property, each unit offers 1 bedroom and 1 bathroom with a dedicated living room
- Entirely renovated throughout with new drywall, quartz countertops, cabinetry, and updated fixtures
- Brand new appliances in all units: stackable washer/dryer, refrigerator, and range/oven
Local Financial Insights For Multifamily LT 5
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 | $38.9k | $12.60 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $36.4k | $11.78 |
| − OpEx | −$10.9k | −$3.53 |
| NOI | $25.4k | $8.25 |
3,086 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.1K – $424.2K
NOI $25,449 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,599 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,435 @ 7.0% cap · market cap 23.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A fully renovated four-unit building with individually metered utilities and modern in-unit finishes ready for occupancy.
Where is this quadplex located?
The property is located at 537 N Edgewood Ave Somerset, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 4‑unit apartment property, each unit offers 1 bedroom and 1 bathroom with a dedicated living room; Entirely renovated throughout with new drywall, quartz countertops, cabinetry, and updated fixtures; Brand new appliances in all units: stackable washer/dryer, refrigerator, and range/oven
