Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500-1508 13TH STREET Altoona, PA 16601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,990

    Eight-unit apartment building in Altoona, Pennsylvania, with renovation potential.

    Type:Commercial/Industrial
    Lot size:
    0.38 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 6 at 12:42 am

    Property Features for 1500-1508 13TH STREET

    General Information

    Standard status
    Active
    Lot size
    0.38 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Kerry Gority

    Listing agent Kerry Gority License #RS281700

    Listing office John Hill Real Estate

    Listing date Mar 11, 2026

    Source Exitrealty

    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 John Hill Real Estate

    Overview

    Altoona Multifamily Investment Opportunity

    This eight-unit apartment building, located in Altoona, Pennsylvania, presents an opportunity for investors or renovators. The property is positioned to capitalize on Altoona's rental market. The building offers potential for creating an income stream. The property may be suitable for investors looking to renovate and resell, or to hold for long-term income.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.4052
    Latitude
    40.518

    Nearby Similar for Sale

    • $524,900

      Turnkey Restaurant with Liquor License

      Fully renovated restaurant with liquor license on 0.55 acres.
      2206 7th Avenue, Altoona, PA 16602
      View Details
    • $775,000

      Turnkey Entertainment Destination in Altoona

      Established bar and restaurant with hotel liquor license on 1.07 acres.
      1524 Walton Avenue, Altoona, PA 16602
      View Details
    • $899,000
      5,477 SF

      Altoona Commercial Building on Plank

      Highly visible commercial building in high-traffic Plank Road corridor.
      332 W Plank Road, Altoona, PA 16602
      View Details
    • $524,900
      3,420 SF

      Turnkey Restaurant Opportunity in Altoona

      Fully renovated restaurant with liquor license and ample parking.
      2206 7th Avenue, Altoona, PA 16602
      View Details
    • $199,900
      6,000 SF

      Altoona Warehouse with Industrial Features

      Large warehouse with freight elevator, loading dock, and on-site crane.
      2521 Industrial Avenue, Altoona, PA 16601
      View Details
    • $500,000
      2,824 SF

      Altoona Commercial Property For Sale

      Two buildings with high visibility in Altoona, Pennsylvania.
      25-37 Logan Boulevard, Altoona, PA 16602
      View Details
    • $199,900

      Altoona Warehouse with Industrial Features

      Large warehouse with loading dock, crane, and office space.
      2521 Industrial Avenue, Altoona, PA 16601
      View Details
    • $1,950,000
      18,430 SF

      Commercial Property with Restaurant

      Corner commercial property with restaurant and multiple tenants.
      301-19 E Pleasant Valley Boulevard, Altoona, PA 16602
      View Details
    • $99,000
      2,740 SF

      Altoona Duplex: Investment Opportunity

      Brick duplex in Altoona, PA with income potential.
      2320/2322 W CHESTNUT AVE, ALTOONA, PA 16601
      View Details
    • $1,300,000
      11,536 SF

      Altoona Commercial Property For Sale

      Commercial property in Altoona, PA, featuring restaurant and dollar store.
      200 E Pleasant Valley Blvd, Altoona, PA 16602
      View Details
    • $950,000
      15,108 SF

      Altoona Office Buildings For Sale

      Two office buildings on a 2.18-acre parcel in Altoona.
      201 Chestnut Avenue, Altoona, PA 16601
      View Details
    • $160,000
      2,674 SF

      Altoona Multi-Unit Investment Property

      Three units plus garage near downtown and shopping.
      2201 Broad Avenue, Altoona, PA 16602
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building in Altoona, Pennsylvania, with renovation potential.
    Where is this apartment building located?
    The property is located at 1500-1508 13TH STREET Altoona, PA.
    What is the asking price?
    The asking price for this property is $99,990.
    What are key features of this property?
    This property features: 8‑unit apartment building offers significant income potential.; Located in Altoona, a growing rental market.; Presents an opportunity for high returns through renovation.
    (814) 944-9377
    We can help!
    Listing Contact
    Kerry Gority
    Real Estate License ID: RS281700
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!