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17-Unit Apartment Portfolio
For Sale
$400,000
Pending

615-617 2nd Street, Cresson, PA 16630

Residential Income, Cresson, PA

Property SizeContact for details
Days on Market32

Property Features for 615-617 2nd Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Parking features Off Street
Elementary school district Penn Cambria
Middle school district Penn Cambria
High school district Penn Cambria
Subdivision Cresson Borough
Standard status Pending
APN SEE COMMENTS-

Taxes and HOA fees

Tax Annual Amount 2998

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: Howard Hanna Bardell Realty Altoona
Listed By: Hunter Ott · License #RS353898
Added: Aug 3 Changed: Sep 2 Last Checked: Sep 3 at 6:06AM
MLS# 80862

Copyright © 2026 Allegheny Highland 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 17-unit residential portfolio comprises four apartment buildings and one single-family home across Cresson and Lilly. The Cresson holdings include a 7-unit building at 617 2nd Street and the single-family property at 615 2nd Street, which was acquired to provide additional parking. Lilly includes a 4-unit building at 322 Railroad Street, a 3-unit building at 315 Main Street, and a 2-unit building at 336 Railroad Street.

The three Lilly properties sit next to one another, supporting consolidated ownership and management. Several units have undergone recent renovations. The properties are served by public water and public sewer, and parking is available off street.

Key Highlights

  • 17‑unit portfolio comprising four apartment buildings and one single‑family home
  • 617 2nd Street includes a 7‑unit apartment building in Cresson
  • Three Lilly properties are adjacent: 4‑unit, 3‑unit, and 2‑unit buildings

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Electrical Service Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Residential units

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby

Demographics for 16630, PA

4,679
Population
2,143
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
5.7 sq mi
ZIP Area
821
Density / Sq Mi
$65,034
Median Household Income
$32,172
Median Earnings
$657
Median Rent
$139,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-property apartment portfolio with recently renovated units, off-street parking, and public water and sewer.
Where is this apartment building located?
The property is located at 615-617 2nd Street Cresson, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 17‑unit portfolio comprising four apartment buildings and one single‑family home; 617 2nd Street includes a 7‑unit apartment building in Cresson; Three Lilly properties are adjacent: 4‑unit, 3‑unit, and 2‑unit buildings
More about this property
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