Stabilized Multifamily Apartment
For Sale
$600,000
121 South Quarry Street, Mount Pleasant, PA 15666
Multifamily property with (8) two-bedroom and (4) one-bedroom apartments on a 0.28-acre parcel.
Property Size10,000 SF
Days on Market121
Property Features for 121 South Quarry Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Multifamily
Building Details
Building Size
10,000 SF
Year Built
1978
Listed By:
Ben Sherman
(412) 654-0520
Source:
Svn
Added: Jun 23
Changed: Oct 11
Last Checked: Oct 20 at 7:37PM
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 Ben Sherman
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Investment Insights
Based on property information with market context.
This approximately 10,000-square-foot multifamily property includes a unit mix of (8) two-bedroom apartments and (4) one-bedroom apartments. The asset is fully stabilized with long-term tenants and is currently producing NOI of $42,073 with a projected pro forma NOI of $56,473.
Recent capital work includes replacement of both front roofs and parking lot resealing in 2025, along with a full renovation of one apartment unit. Current average rents are $617 per month, with projected pro forma rents of approximately $710 per month through mark-to-market adjustments.
Recent capital work includes replacement of both front roofs and parking lot resealing in 2025, along with a full renovation of one apartment unit. Current average rents are $617 per month, with projected pro forma rents of approximately $710 per month through mark-to-market adjustments.
Key Highlights
- Approximately 10,000 SF multifamily property on a 0.28‑acre parcel, built in 1978
- (8) 2‑bedroom and (4) 1‑bedroom apartments (12 units total)
- Current NOI is $42,073 with projected pro forma NOI of $56,473
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 15666, PA
15,585
Population
7,730
Households
2
Avg Household Size
48
Median Age
23%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
292
Density / Sq Mi
$64,943
Median Household Income
$41,086
Median Earnings
$802
Median Rent
$154,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with (8) two-bedroom and (4) one-bedroom apartments on a 0.28-acre parcel.
Where is this apartment building located?
The property is located at 121 South Quarry Street Mount Pleasant, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 10,000 SF multifamily property on a 0.28‑acre parcel, built in 1978; (8) 2‑bedroom and (4) 1‑bedroom apartments (12 units total); Current NOI is $42,073 with projected pro forma NOI of $56,473
