Student Housing Apartment
For Sale
Contact for pricing
Pending
14 Kenneth Ave, Shippensburg, PA 17257
Furnished off-campus housing community within walking distance of Shippensburg University, with on-site leasing and emergency maintenance support.
Property SizeContact for details
Days on Market143
Property Features for 14 Kenneth Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
90%
Additional Details
Furnished
Yes
Cap Rate
8.24%
Multifamily Units
84
Amenities
complimentary high-speed Internet
HD cable
common area and in-unit infection prevention electrostatic spray cleaning
on-site leasing office
24-hour emergency maintenance
full-size appliances
in-unit washer & dryer
55" flat screen television
granite countertops
stone backsplash/accent walls
electric fireplaces
Bluetooth speakers
24-hour on-site staff
Building Details
Year Built
2010
Buildings
7
Listing Agency:
Scope Investment Real Estate Services
Listed By:
Phil Sharrow · License #PA RSR002048
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:45AM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
Madison & Brookside Court is an 84-unit, 309-bed student housing community comprising seven apartment buildings developed in two phases between 2008 and 2010. The property includes furnished apartments with full-size appliances, in-unit washers and dryers, complimentary high-speed Internet, HD cable, and an on-site leasing office with 24-hour emergency maintenance. Brookside Court offers three-bedroom, three-bathroom apartments of approximately 1,200 square feet, while Madison Court includes four- and five-bedroom layouts with two bathrooms and sizes ranging from 1,200 to 1,450 square feet. Select Brookside units feature 55-inch televisions, granite countertops, stone backsplash or accent walls, electric fireplaces, and Bluetooth speakers.
The community is located within walking distance of Shippensburg University and is positioned as student-exclusive off-campus housing in the Shippensburg market. On-site staff are present 24/7, and the property has historically operated at 95 percent occupancy; current occupancy is 90 percent with an 8.24 in-place capitalization rate. The address is 14 Kenneth Ave, Shippensburg, PA 17257.
The community is located within walking distance of Shippensburg University and is positioned as student-exclusive off-campus housing in the Shippensburg market. On-site staff are present 24/7, and the property has historically operated at 95 percent occupancy; current occupancy is 90 percent with an 8.24 in-place capitalization rate. The address is 14 Kenneth Ave, Shippensburg, PA 17257.
Key Highlights
- 84‑unit, 309‑bed student housing community across seven apartment buildings
- Developed in two phases between 2008 and 2010
- Brookside Court includes 72 beds and approximately 1,200‑square‑foot three‑bedroom, three‑bathroom units
Property Analytics
Property Profile
Current Use
Lease Details
84
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 17257, PA
28,673
Population
11,528
Households
2.5
Avg Household Size
34
Median Age
23%
College-Educated
88%
High-School Grad
115.2 sq mi
ZIP Area
249
Density / Sq Mi
$71,504
Median Household Income
$37,061
Median Earnings
$1,058
Median Rent
$219,200
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?
Apartment building - Furnished off-campus housing community within walking distance of Shippensburg University, with on-site leasing and emergency maintenance support.
Where is this apartment building located?
The property is located at 14 Kenneth Ave Shippensburg, PA.
What are key features of this property?
This property features: 84‑unit, 309‑bed student housing community across seven apartment buildings; Developed in two phases between 2008 and 2010; Brookside Court includes 72 beds and approximately 1,200‑square‑foot three‑bedroom, three‑bathroom units
