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

    565-567 Highland Ave Johnstown, PA 15902

    View on Map
    Sponsored
    For Sale
    $49,900

    Multi-Family - Johnstown, PA

    Type:Multi Family
    Property size:
    3,200 SF
    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 11:06 am

    Property Features for 565-567 Highland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room
    Bedrooms
    6
    Bathrooms
    6
    Parking features
    Off Street, On Street
    Interior features
    Other-see Also Included, Kitchen, Garbage Cost Included, Heat Cost Included, Kitchen, Living Room, Refrigerator Included, Sewage Cost Included, Water Cost Included, Garbage Cost Included, Heat Cost Included, Kitchen, Living Room, Refrigerator Included, Sewage Cost Included, Stove Included, Water Cost Included
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    3,200 SF
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Baseboard, Fireplace(s), Hot Water (Heating)

    Building Details

    Number of units
    5
    Flooring type
    Vinyl, Wood
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ian Banks
    Ian Banks

    RE/MAX POWER Associates (814) 254-4743

    Listing agent Ian Banks (814) 254-4743

    Listing date Mar 5, 2026

    MLS# 96040148 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.

    Learn more

    Property Insight Report

    Overview

    Johnstown Multi-Family Investment Opportunity

    This solid brick, three-story apartment building is located in the City of Johnstown. The complex features five rental units with the potential for a sixth. One half of the property contains two units, both currently vacant. The other half features three units, all of which are currently rented out. Each unit is equipped with electric baseboard heat controlled by the tenants. The property includes separate basements on each side and off-street parking for two cars in the rear. The property is zoned for residential use and has a lot size of 0.11 acres. The building has a total size of 3200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -78.90813
    Latitude
    40.295956

    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
    • New
      $95,000
      Pending

      Johnstown Commercial/Business Opportunity For Sale

      Garage with renovated office space suitable for various business operations.
      166 Highland Park Rd, Johnstown, PA 15902
      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
    • $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?
    Apartment building - Three-story apartment building with five units and potential for sixth.
    Where is this apartment building located?
    The property is located at 565-567 Highland Ave Johnstown, 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: - Solid brick construction for durability and low maintenance.; - Five existing rental units with potential for a sixth, offering immediate income and expansion opportunity.; - Currently rented units provide existing cash flow.
    (814) 691-9004
    Request Owner's contact information
    565-567 Highland Ave Johnstown, PA 15902
    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.
    565-567 Highland Ave
    Johnstown, PA 15902
    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
    565-567 Highland Ave Johnstown, PA 15902
    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
    Ian Banks
    Ian Banks
    Real Estate License ID: RS350993
    (814) 691-9004 (814) 254-4743
    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!