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Student Housing Apartment Building
For Sale
$825,000

884 Wayne Avenue, Indiana, PA 15701

For sale 22-bed student housing building near Indiana University of Pennsylvania.

Property SizeContact for details
Days on Market487

Property Features for 884 Wayne Avenue

General Information

Standard status Active
Property subtype Multi-Unit / Other
Zoning MU-1
Net Operating Income $51,560

Taxes and HOA fees

Annual Taxes $14,777

Amenities

0.0

Building Details

Year Built 1970
Listing Agency: REALTY ONE GROUP LANDMARK
Listed By: Dakota Smith · License #RS376092
Source: Compass
Added: May 6, 2025 Changed: Aug 8 Last Checked: Jul 20 at 4:43PM

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 REALTY ONE GROUP LANDMARK

Investment Insights

Based on property information with market context.

For sale is a 22-bed student housing apartment building. The property is presented as student rental housing in a single building configuration, sized for group occupancy.

The building is located at 884 Wayne Avenue, Indiana, PA 15701, near Indiana University of Pennsylvania (IUP). It is described as being close to campus, supporting use as student-oriented rental housing.

The offering is centered on the building’s 22-bed scale and student housing format near IUP.

Key Highlights

  • 22‑bed student housing building for sale near Indiana University of Pennsylvania (IUP).
  • Convenient proximity to IUP, described as just steps from campus.
  • Year built: 1970.

Property Analytics

Current Use

Algonquin Student Rentals Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Storage Facility Carpet & Flooring Store Locksmith Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,350
Businesses Nearby

Demographics for 15701, PA

30,269
Population
15,695
Households
1.9
Avg Household Size
40
Median Age
41%
College-Educated
95%
High-School Grad
112.2 sq mi
ZIP Area
270
Density / Sq Mi
$56,538
Median Household Income
$30,760
Median Earnings
$799
Median Rent
$175,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - For sale 22-bed student housing building near Indiana University of Pennsylvania.
Where is this apartment building located?
The property is located at 884 Wayne Avenue Indiana, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 22‑bed student housing building for sale near Indiana University of Pennsylvania (IUP).; Convenient proximity to IUP, described as just steps from campus.; Year built: 1970.
More about this property
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