Building Details

Year Built 1900

Year Renovated 2020

Tenancy Multi

Listing Agency: Kandor Real Estate

Listed By: Katie A Cox · License #RS293070 Show Phone

Source: Kandorre

Added: Jul 20 Changed: Oct 7 Last Checked: Oct 21 at 1:31AM

Report an Issue

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 Kandor Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This five-unit residential income building is zoned for a commercial neighborhood and has undergone substantial updates completed in 2020. Improvements include new electric service with panels and meters, new gutters and downspouts, exterior paint, and replacement of some windows. Interior work includes refurbishing all units with new paint and flooring, along with updated kitchens, appliances, and hot water heaters.

The property is located at 13580 Monterey Lane in Blue Ridge Summit, PA 17214, offering a residential setup within a commercial neighborhood context. The owner reports strong tenant demand with a very low vacancy rate and consistent cash flow.

Overall, the building presents a unit-refreshed configuration with major infrastructure work from 2020, supporting day-to-day functionality across all five units.

Key Highlights

• Five‑unit residential building built in 1900, zoned Commercial Neighborhood.
• Major updates completed in 2020: new electric service with panels and meters, plus new gutters and downspouts.
• 2020 unit refurbishments include new paint and flooring throughout the building.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,257

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$545,140 $545.1K

Cap Rate 7%

$389,386 $389.4K

Cap Rate 9%

$302,856 $302.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,035 SF

Gross rent

$53.2K $17.52/SF

− Vacancy

−$3.6K −$1.19/SF

EGI

$49.6K $16.33/SF

− OpEx

−$22.3K −$7.35/SF

NOI

$27.3K $8.98/SF

Area

Franklin County, PA

Vacancy

6.80%

Lease Rate

$17.52 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$545,140

Cap Rate 7%

$389,386

Cap Rate 9%

$302,856

Alternative Uses

Best Use

Apartment 5plus

$389.4K

$340.7K – $454.3K (±1% cap)

NOI $27,257 @ 7.0% cap · market cap 5.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$735.9K

$643.9K – $858.5K (±1% cap)

NOI $51,512 @ 7.0% cap · market cap 10.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

5

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

Explore this area Business Placement

Demographics for 17214, PA

1,093

Population

600

Households

1.8

Avg Household Size

45

Median Age

27%

College-Educated

92%

High-School Grad

3.8 sq mi

ZIP Area

288

Density / Sq Mi

$58,750

Median Household Income

$45,473

Median Earnings

$842

Median Rent

$291,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Five-unit building with extensive 2020 updates, including electrical service, unit refurbishments, and hot water heater replacements.

Where is this apartment building located?

The property is located at 13580 Monterey Ln Blue Ridge Summit, PA.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: Five‑unit residential building built in 1900, zoned Commercial Neighborhood.; Major updates completed in 2020: new electric service with panels and meters, plus new gutters and downspouts.; 2020 unit refurbishments include new paint and flooring throughout the building.