Residential Income Property with
656 S Temple Lane Altoona, PA 16602
656 S Temple Lane, Altoona, PA, 16602
$179,000
For Sale
$179,000
COMMERCIAL - Altoona, PA
Property Size1,297 SF
Lot Size0.72 Acres
Price / SF$138.01
Days on Market55
Property Features for 656 S Temple Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Parking features
- Driveway
- Basement
- Partial
- Standard status
- Active
- APN
- 14-22A1-47
- Size
- 1,297 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1951
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Well
Building Details
- Year built
- 1945
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
Re/max Results Realty Group
(814) 946-9355
1001 Logan Blvd, Altoona, PA
Listed by
Joyce Dalton · License #RS150245A
(814) 329-3509
Added: May 27 Updated: Jul 11 at 6:34 am Checked: Jul 20 at 6:06 pm
MLS# 80238
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 residential income property features vinyl siding and a 2-bedroom, 1-bath layout, including a first-floor bedroom. The kitchen and bath have been updated, with the bath offering a walk-in shower. Additional improvements include newer windows and doors. A 1-car garage and a level lot round out the home.
The property is located at 656 S Temple Lane in Altoona, PA, positioned behind Greenwood Dollar General along Temple Lane. Zoned Commercial.
Set on a level .72-acre lot, the home provides a straightforward residential configuration with on-site parking via the attached 1-car garage.
The property is located at 656 S Temple Lane in Altoona, PA, positioned behind Greenwood Dollar General along Temple Lane. Zoned Commercial.
Set on a level .72-acre lot, the home provides a straightforward residential configuration with on-site parking via the attached 1-car garage.
Key Highlights
- 2‑bedroom, 1‑bath vinyl‑sided home with 1st‑floor bedroom
- Updated kitchen and bath with walk‑in shower
- Newer windows and doors
Local Financial Insights For Apartment 5plus
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 | $19.1k | $14.76 |
| − Vacancy | −$957 | −$0.74 |
| EGI | $18.2k | $14.02 |
| − OpEx | −$8.2k | −$6.31 |
| NOI | $10.0k | $7.71 |
1,297 SF · lease $14.76/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$142.9K
$125.0K – $166.7K
NOI $10,003 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,274 @ 7.0% cap · market cap 61.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Vinyl-sided 2-bedroom, 1-bath home with a first-floor bedroom, updated kitchen and bath, and a 1-car garage.
Where is this single family property located?
The property is located at 656 S Temple Lane Altoona, PA.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath vinyl‑sided home with 1st‑floor bedroom; Updated kitchen and bath with walk‑in shower; Newer windows and doors
