Listing Agency: Scope Investment Real Estate Services

Listed By: Phil Sharrow · License #PA RSR002048

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:04AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents Pine Tree Village & Newberry Apartments, a two-property suburban apartment portfolio offered for sale. The portfolio includes 128 units at Pine Tree Village and 52 units at Newberry Apartments, for a combined total of 180 units.

The properties are located nineteen miles apart in the northwest Pennsylvania suburbs of West Middlesex and Grove City. One address provided for the offering is 615 Flower Ave, Grove City, PA 16127. Public remarks describe the portfolio as well located and exceptionally maintained.

This offering is presented to qualified investors seeking ownership of a multi-property residential income portfolio within the greater Pittsburgh MSA.

Key Highlights

• Two apartment properties for sale totaling 180 units (128 units and 52 units)
• Located in the northwest Pennsylvania suburbs near Grove City and West Middlesex
• Properties are about 19 miles apart

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods

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

246

Businesses Nearby

Explore this area Business Placement

Demographics for 16127, PA

15,298

Population

5,731

Households

2.7

Avg Household Size

37

Median Age

37%

College-Educated

94%

High-School Grad

73.2 sq mi

ZIP Area

209

Density / Sq Mi

$69,842

Median Household Income

$27,581

Median Earnings

$863

Median Rent

$199,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Two apartment properties totaling 180 units are offered for sale in the northwest Pennsylvania suburbs near Grove City.

Where is this apartment building located?

The property is located at 615 Flower Ave Grove City, PA.

What are key features of this property?

This property features: Two apartment properties for sale totaling 180 units (128 units and 52 units); Located in the northwest Pennsylvania suburbs near Grove City and West Middlesex; Properties are about 19 miles apart