Building Details

Building Size 3,770 SF

Year Built 1998

Listing Agency: BERKSHIRE HATHAWAY HOME SERVICES

Listed By: Sharon Scheidemantle · License #AB065471 Show Phone

Source: Thebrokerlist

Added: Jun 22 Changed: Oct 9 Last Checked: Oct 20 at 5:07PM

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Investment Insights

Based on property information with market context.

Well-maintained brick 4-unit residential income property situated on 1.6 acres with room for future expansion. Each unit is configured with two bedrooms, a kitchen, a full bath, and generously sized living areas, along with large closets. The property includes outdoor patios or decks with front and rear entrances, motion-sensor lighting, on-site commercial laundry, upgraded appliances, and newer carpeting. Tenants also benefit from two dedicated storage units, and the building is supported by a geothermal HVAC system described as a $100,000 installation.

The property is located at the base of the Glenn Forest Community, surrounded by newer homes, and is positioned just minutes from local shops, dining, gas, and Knoch Schools (South Butler). Access is supported by 12 paved off-street parking spaces.

This quadplex presents a practical, efficient multifamily configuration with multiple exterior entry points, dedicated storage, and laundry onsite.

Key Highlights

• Well‑maintained brick 4‑unit (quadplex) investment property built in 1998.
• 1.6‑acre lot with room for future expansion.
• Each unit has 2 bedrooms, full bath, kitchen, large closets, and generous living areas.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,081

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$761,620 $761.6K

Cap Rate 7%

$544,014 $544.0K

Cap Rate 9%

$423,122 $423.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,770 SF

Gross rent

$58.8K $15.60/SF

− Vacancy

−$4.4K −$1.17/SF

EGI

$54.4K $14.43/SF

− OpEx

−$16.3K −$4.33/SF

NOI

$38.1K $10.10/SF

Area

Butler County, PA

Vacancy

7.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$761,620

Cap Rate 7%

$544,014

Cap Rate 9%

$423,122

Alternative Uses

Best Use

Multifamily LT 5

$544.0K

$476.0K – $634.7K (±1% cap)

NOI $38,081 @ 7.0% cap · market cap 5.86%

Second Best

Apartment 5plus

$474.7K

$415.4K – $553.8K (±1% cap)

NOI $33,229 @ 7.0% cap · market cap 5.12%

Theoretical Best

Office A

$960.3K

$840.2K – $1.12M (±1% cap)

NOI $67,219 @ 7.0% cap · market cap 10.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

Demographics for 16056, PA

4,779

Population

2,101

Households

2.3

Avg Household Size

51

Median Age

30%

College-Educated

96%

High-School Grad

21.0 sq mi

ZIP Area

228

Density / Sq Mi

$73,527

Median Household Income

$44,977

Median Earnings

$886

Median Rent

$269,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Well-maintained brick quadplex on 1.6 acres with 12 paved off-street parking spaces and on-site laundry.

Where is this quadplex located?

The property is located at 108 Oak Drive Saxonburg, PA.

What is the asking price?

The asking price for this property is $649,500.

What are key features of this property?

This property features: Well‑maintained brick 4‑unit (quadplex) investment property built in 1998.; 1.6‑acre lot with room for future expansion.; Each unit has 2 bedrooms, full bath, kitchen, large closets, and generous living areas.