Building Details

Building Size 18,287 SF

Listing Agency: SVN | Three Rivers Commercial Advisors

Listed By: Jason Campagna · License #PA #RM424399 Show Phone

Source: Svn

Added: Aug 25 Changed: Aug 31 Last Checked: Sep 1 at 3:28PM

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Investment Insights

Based on property information with market context.

This offering includes 23 apartment units across a multifamily portfolio assembled on 4.3 acres. The properties are addressed at 300, 302, 303, and 305 Vincennes Ave and 200 Third St.

The portfolio is located in Oakdale, Pennsylvania, within ZIP code 15071. Its multiple-building address configuration and apartment classification define the available property profile.

Key Highlights

• 23‑unit apartment portfolio
• Portfolio situated on 4.3 acres
• Includes 300, 302, 303, and 305 Vincennes Ave

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

$142,268

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

8.52%

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%

$2,845,360 $2.8M

Cap Rate 7%

$2,032,400 $2.0M

Cap Rate 9%

$1,580,756 $1.6M

Market Conditions

NOI Build-Up for 18,287 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

$274.3K $15.00/SF

− Vacancy

−$15.6K −$0.86/SF

EGI

$258.7K $14.15/SF

− OpEx

−$116.4K −$6.37/SF

NOI

$142.3K $7.78/SF

Area

Allegheny County, PA

Vacancy

5.70%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

45.00%

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%

$2,845,360

Cap Rate 7%

$2,032,400

Cap Rate 9%

$1,580,756

Alternative Uses

Best Use

Apartment 5plus

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,268 @ 7.0% cap · market cap 8.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.66M

$4.08M – $5.43M (±1% cap)

NOI $326,059 @ 7.0% cap · market cap 19.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Grocery & Convenience Store Law Firm Big Box & Wholesale Store

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

Lease Details

23

Residential units

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Explore this area Business Placement

Demographics for 15071, PA

12,229

Population

5,285

Households

2.3

Avg Household Size

39

Median Age

48%

College-Educated

97%

High-School Grad

18.4 sq mi

ZIP Area

665

Density / Sq Mi

$98,157

Median Household Income

$59,579

Median Earnings

$1,476

Median Rent

$249,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily holdings distributed across multiple addresses within one 4.3-acre site.

Where is this apartment building located?

The property is located at 300 Vincennes Ave 302 Vincennes Ave 303 Vincennes Ave 305 Vincennes Ave 200 Third St Oakdale, PA.

What is the asking price?

The asking price for this property is $1,670,000.

What are key features of this property?

This property features: 23‑unit apartment portfolio; Portfolio situated on 4.3 acres; Includes 300, 302, 303, and 305 Vincennes Ave