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Apartment Building with Renovated Units
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111 Locust St, Ambridge, PA 15003

Ridgemont Apartments offers 26 income-generating units with recent capital improvements and utility billing support.

Property SizeContact for details
Days on Market121

Property Features for 111 Locust St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 26
Listing Agency: SVN | Three Rivers Commercial Advisors
Listed By: Keane George · License #PA RS317489
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:38PM

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.

Ridgemont Apartments is a multifamily apartment property featuring 26 units, including 12 two-bedroom units and 14 three-bedroom units. The property has undergone significant capital improvements, including flooring and plumbing updates, driveway work, and the installation of a RUBS system to bill back tenants for utility usage.

The unit improvements include approximately four fully renovated units, along with approximately 10 units that have been greatly improved with new flooring, paint, and appliances.

The property is offered for sale at 111-121 Locust Street in Ambridge, Pennsylvania.

Key Highlights

  • 26‑unit apartment building at 111‑121 Locust Street, Ambridge, PA 15003
  • Unit mix includes 12 two‑bedroom units and 14 three‑bedroom units
  • Significant capital improvements including flooring, plumbing, and driveway work

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Spa & Massage Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Nail Salon

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

26
Residential units

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby

Demographics for 15003, PA

11,672
Population
5,955
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
1,945
Density / Sq Mi
$57,943
Median Household Income
$37,946
Median Earnings
$886
Median Rent
$119,000
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 - Ridgemont Apartments offers 26 income-generating units with recent capital improvements and utility billing support.
Where is this apartment building located?
The property is located at 111 Locust St Ambridge, PA.
What are key features of this property?
This property features: 26‑unit apartment building at 111‑121 Locust Street, Ambridge, PA 15003; Unit mix includes 12 two‑bedroom units and 14 three‑bedroom units; Significant capital improvements including flooring, plumbing, and driveway work
(412) 535-5756 Call to check price and availability
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