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    569/571 212/214 Highland Ave. & Vlg St Respectively Johnstown, PA 15902

    Sponsored
    For Sale
    $119,900

    Multi-Family - Johnstown, PA

    Type:Multi Family
    Property size:
    3,176 SF
    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 8 at 8:06 pm

    Property Features for 569/571 212/214 Highland Ave. & Vlg St Respectively

    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, Dining Room, Living Room, Utility Room
    Bedrooms
    8
    Bathrooms
    5
    Parking features
    None, On Street
    Interior features
    Window Treatments, Other-see Also Included, Book Case(s), Den/Office, Eat-in Kitchen, Furnace Room, In-law Suite, Internet Service, Laundry Tub, Main Floor Bedroom, Pantry, Separate Dining Room, Smoke Detectors, Utility Room, Walkout, Walk-up Attic, Hardwood Floors, Attic, Basement, Dining Room, Kitchen, Refrigerator Included, Stove Included, Basement, Kitchen, Living Room, Refrigerator Included, Kitchen, Living Room, Basement, Kitchen, Living Room, Other-see Comments, Basement, Kitchen, Living Room
    Basement Y/N
    1
    Appliances
    Cooktop, Dryer, Range, Refrigerator
    Size
    3,176 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Hot Water (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Number of units
    5
    Flooring type
    Carpet, Hardwood, Linoleum, Tile, Tile - Ceramic
    Building materials
    Brick, Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Beth Reina

    Coldwell Banker Prestige Realty (814) 269-4411

    Listing agent Beth Reina (814) 269-4411

    Listing date Feb 7, 2026

    MLS# 96040030 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

    Overview

    Five-Unit Multifamily Property in Johnstown

    This property features two homes on a 0.11-acre lot, totaling five units. The main home, with addresses 569/571 Highland Avenue and 214 Village Street, includes a three-bedroom, one-bath house with a separate living area, dining room, eat-in kitchen, spacious basement, and walk-up attic. It also features a mother-in-law suite with a separate kitchen, bath, bedroom, and living area. A one-bedroom apartment, known as 214 Village St, is also accessible from this home. The second home, located at 212 Village Street, contains two apartments. The first-floor apartment has one bedroom, one bath, and an office, while the second-floor apartment has two bedrooms and one bath. This home also includes an unfinished basement and an attached one-car garage. A courtyard is situated between the homes. One of the apartments at 212 Village Street has a new water heater. The property offers a total of 3176 square feet of living space and is zoned for residential use.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.8711
    Latitude
    40.3189

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    FAQs

    What type of property is this?
    Apartment building - Immaculately maintained five-unit residential property with courtyard.
    Where is this apartment building located?
    The property is located at 569/571 212/214 Highland Ave. & Vlg St Respectively Johnstown, PA.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Five total units across two homes on one lot, offering significant income potential.; - Main home includes a spacious 3 bed, 1 bath house plus a separate mother-in-law suite and an additional 1 bedroom apartment.; - Second home contains two apartments: a 1 bed, 1 bath with office, and a 2 bed, 1 bath unit.
    (814) 269-4411
    Request Owner's contact information
    569/571 212/214 Highland Ave. & Vlg St Respectively Johnstown, PA 15902
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    Johnstown, PA 15902
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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
    569/571 212/214 Highland Ave. & Vlg St Respectively Johnstown, PA 15902
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    We can help!
    Listing Contact
    Beth Reina
    (814) 269-4411
    Learn more
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