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15-Unit Apartment Building
For Sale
$585,000

1102-1104 Philadelphia St, Indiana, PA 15701

Multifamily property near the IUP campus with updated unit interiors and a brick exterior.

Property Size8,278 SF
Days on Market11

Property Features for 1102-1104 Philadelphia St

General Information

Standard status Active
Size 8,278 SF
Property subtype Multifamily

Units

Unit Mix 3 x studio, 1 x 1BR, 6 x 2BR, 4 x 3BR, 1 x 4BR
Multifamily Units 15

Building Details

Building Size 8,278 SF
Year Built 1900
Construction brick
Listing Agency: SVN | Three Rivers Commercial Advisors
Listed By: Perry Nickleach II · License #PA #RS361479
Source: Svn
Added: Aug 22 Changed: Aug 31 Last Checked: Aug 31 at 2:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Three Rivers Commercial Advisors

Investment Insights

Based on property information with market context.

This 15-unit apartment building includes three studio apartments, one one-bedroom unit, six two-bedroom units, four three-bedroom units, and one four-bedroom unit. Apartments feature modern appliances and cabinetry. The property is entirely electric, with separate electric service to each unit. The landlord pays water, sewer, and trash, along with electric service for certain units.

Renovations completed in 2008 included window and water-heater improvements. The building has a brick exterior, and the roof is reported in good visible condition. Located a few blocks north of the IUP campus, the property offers a range of apartment sizes within one multifamily asset.

Key Highlights

  • 15‑unit apartment building with a varied mix of studios through four‑bedroom units
  • Unit mix includes 3 studios, 1 one‑bedroom, 6 two‑bedroom, 4 three‑bedroom, and 1 four‑bedroom apartments
  • Renovations in 2008 included windows and water heaters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Barber Shop Florist

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

15
Residential units

Location Intelligence

Trade Area within ½ mile

1,183
Businesses Nearby

Demographics for 15701, PA

30,269
Population
15,695
Households
1.9
Avg Household Size
40
Median Age
41%
College-Educated
95%
High-School Grad
112.2 sq mi
ZIP Area
270
Density / Sq Mi
$56,538
Median Household Income
$30,760
Median Earnings
$799
Median Rent
$175,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Multifamily property near the IUP campus with updated unit interiors and a brick exterior.
Where is this apartment building located?
The property is located at 1102-1104 Philadelphia St Indiana, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 15‑unit apartment building with a varied mix of studios through four‑bedroom units; Unit mix includes 3 studios, 1 one‑bedroom, 6 two‑bedroom, 4 three‑bedroom, and 1 four‑bedroom apartments; Renovations in 2008 included windows and water heaters
More about this property
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