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    884 Wayne Ave Indiana, PA 15701

    For Sale
    $825,000

    Apartment - Indiana Boro, PA

    Type:Apartment
    Lot size:
    0.11 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 884 Wayne Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    MU-1
    Lot size
    0.11 Acres

    Building Details

    Year built
    1970
    Building materials
    Brick
    Architectural style
    Other

    Realty One Group Landmark (724) 427-5801 [email protected]

    Listing agent Dakota Smith (724) 427-5801 License #RS376092

    Listing date Oct 29, 2025

    MLS# 1718225 Listing URL

    Copyright © 2025 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Student Housing Near IUP

    This 22-bed student housing property is located steps from Indiana University of Pennsylvania. The property presents an opportunity to own a large-scale student rental in a prime location. Given the strong housing demand from the nearby university, this property offers long-term potential for investors. The property has spacious layouts and convenient access to campus. Properties of this size and proximity to campus rarely come available. The lot size is 0.1102 acres. The zoning is MU-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Algonquin Student Rentals Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.155051
    Latitude
    40.616418

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    FAQs

    What type of property is this?
    Apartment building - 22-bed student housing property near Indiana University of Pennsylvania.
    Where is this apartment building located?
    The property is located at 884 Wayne Ave Indiana, PA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - 22-Bed Student Housing Property; - Prime Location: Steps from Indiana University of Pennsylvania (IUP); - Strong Housing Demand from Nearby University
    (724) 427-5801
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    884 Wayne Ave Indiana, PA 15701
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    Indiana, PA 15701
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    Realmo Value Estimation

    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.

    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.

    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
    884 Wayne Ave Indiana, PA 15701
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