Two-Story Duplex with Enclosed
For Sale
$135,000
121 VINE Street, Girard, PA 16417
ResidentialIncome, Girard, PA
Property Size1,448 SF
Lot Size0.17 Acres
Price / SF$93.23
Days on Market54
Property Features for 121 VINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Parking
3
Lot features
Landscaped, Level
Elementary school district
Girard
Middle school district
Girard
High school district
Girard
Directions
Rt 20 West to Girard Boro right on Wall Street to Left on Vine Street to sign
Subdivision
9 - Girard/Lake City
Standard status
Active
APN
23-011-025.0-025.00
Size
1,448 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2429
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1850
Floors in Building
2
Number of units
2
Building materials
AluminumSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Pennington Lines RE Girard
(814) 774-2622
Listed By:
Judi Weidler · License #AB062650L
(814) 440-4029
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 191795
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex-style home was previously rented as a single-family use, and its prior configuration was a 2-unit. Zoning would allow either single-family or a 2-unit apartment setup. The first floor includes an enclosed front porch leading to a foyer/mud room, a large living room, a small bedroom, an eat-in kitchen, and a full bath. First-floor laundry hook-ups could be shared for both units. The second floor features a large room with cabinets/sink (kitchen area), plus three rooms that are “captive” (you must walk through one to reach the next) and a full bath. The home also has a partial basement with crawl space.
Exterior and mechanical features include aluminum siding, a metal roof, and two forced-air natural gas furnaces. Water is public and sewer is public sewer. Utilities are not separate at this time. Additional features include a yard and a large shed.
Built in 1850 and set on a 0.1722-acre lot, this property totals 1,448 square feet and includes multiple bedrooms and two bathrooms across the layout.
Exterior and mechanical features include aluminum siding, a metal roof, and two forced-air natural gas furnaces. Water is public and sewer is public sewer. Utilities are not separate at this time. Additional features include a yard and a large shed.
Built in 1850 and set on a 0.1722-acre lot, this property totals 1,448 square feet and includes multiple bedrooms and two bathrooms across the layout.
Key Highlights
- Zoning would allow single‑family or 2‑unit apartment configuration
- Two‑story interior layout with enclosed front porch and foyer/mud room
- First floor includes living room, small bedroom, eat‑in kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,920
$198.9K
Cap Rate 7%
$142,086
$142.1K
Cap Rate 9%
$110,511
$110.5K
Market Conditions
NOI Build-Up for 1,448 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.8K $10.20/SF
− Vacancy
−$561 −$0.39/SF
EGI
$14.2K $9.81/SF
− OpEx
−$4.3K −$2.94/SF
NOI
$9.9K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,920
Cap Rate 7%
$142,086
Cap Rate 9%
$110,511
Alternative Uses
Best Use
Multifamily LT 5
$142.1K
$124.3K – $165.8K
NOI $9,946 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$127.1K
$111.2K – $148.3K
NOI $8,899 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$359.2K
$314.3K – $419.1K
NOI $25,147 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 16417, PA
8,109
Population
4,165
Households
1.9
Avg Household Size
45
Median Age
30%
College-Educated
97%
High-School Grad
48.0 sq mi
ZIP Area
169
Density / Sq Mi
$80,410
Median Household Income
$44,722
Median Earnings
$666
Median Rent
$179,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style home with enclosed front porch, aluminum siding, metal roof, and two forced-air gas furnaces.
Where is this duplex located?
The property is located at 121 VINE Street Girard, PA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Zoning would allow single‑family or 2‑unit apartment configuration; Two‑story interior layout with enclosed front porch and foyer/mud room; First floor includes living room, small bedroom, eat‑in kitchen, and full bath
