Two-Building Apartment
For Sale
$2,450,000
114 Noble Vista Drive, Greensburg, PA 15601
A 23-unit apartment complex with two residential buildings and multiple unit configurations on 4.6 acres.
Property Size27,400 SF
Lot Size4.60 Acres
Days on Market166
Property Features for 114 Noble Vista Drive
General Information
Standard status
Active
Size
27,400 SF
Lot size
4.60 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
23
Building Details
Building Size
27,400 SF
Year Built
1967
Tenancy
Multi
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Bryan Donaldson · License #PA #RS273805
(724) 272-4225
Source:
Svn
Added: May 14
Changed: Oct 25
Last Checked: Oct 24 at 3:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
SVN Three Rivers Commercial Advisors presents the opportunity to acquire a 23-unit apartment complex built in 1967, situated on 4.6 acres. The property includes two residential buildings and a unit mix of (13) 2BD/2BA units, (6) 3BD/2.5BA townhome-style units, (3) 3BD/2BA units, and (1) 1BD/1BA unit.
The offering also features abundant parking, supporting day-to-day resident access across the property.
This is an income-producing residential asset with a clear mix of two-, three-, and one-bedroom units across two buildings.
The offering also features abundant parking, supporting day-to-day resident access across the property.
This is an income-producing residential asset with a clear mix of two-, three-, and one-bedroom units across two buildings.
Key Highlights
- 23‑unit apartment complex in Greensburg, PA with two residential buildings
- Built in 1967 and set on 4.6 acres
- Unit mix: (13) 2BD/2BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,124
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,342,480
$4.3M
Cap Rate 7%
$3,101,771
$3.1M
Cap Rate 9%
$2,412,489
$2.4M
Market Conditions
NOI Build-Up for 27,400 SF
Gross rent
$420.9K $15.36/SF
− Vacancy
−$26.1K −$0.95/SF
EGI
$394.8K $14.41/SF
− OpEx
−$177.6K −$6.48/SF
NOI
$217.1K $7.92/SF
Area
Westmoreland County, PA
Vacancy
6.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,342,480
Cap Rate 7%
$3,101,771
Cap Rate 9%
$2,412,489
Alternative Uses
Best Use
Apartment 5plus
$3.10M
$2.71M – $3.62M
NOI $217,124 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.98M
$6.11M – $8.14M
NOI $488,544 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
23
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 15601, PA
57,141
Population
25,978
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
80.6 sq mi
ZIP Area
709
Density / Sq Mi
$75,369
Median Household Income
$41,485
Median Earnings
$868
Median Rent
$209,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A 23-unit apartment complex with two residential buildings and multiple unit configurations on 4.6 acres.
Where is this apartment building located?
The property is located at 114 Noble Vista Drive Greensburg, PA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 23‑unit apartment complex in Greensburg, PA with two residential buildings; Built in 1967 and set on 4.6 acres; Unit mix: (13) 2BD/2BA
