Five-Unit Apartment Property with
1363 Frankstown Road, Johnstown, PA 15902
For Sale
$374,900
Multi-Family, Cabin/Cottage, Multi-Level, Johnstown, PA
Property Size4,700 SF
Lot Size0.72 Acres
Price / SF$79.77
Days on Market26
Property Features for 1363 Frankstown Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
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Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
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Heating system
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Building Details
Floors in Building
Number of units
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Buildings
Listing Agency:
HOWARD HANNA BARDELL REALTY SOMERSET
(814) 445-6587
Listed By:
Justin Vardian
(814) 254-6118
Added: Oct 14
Changed: Oct 31
Last Checked: Nov 8 at 9:06AM
MLS# 96042745
Copyright © 2026 Cambria Somerset Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 4,700-square-foot property comprises a three-story brick building with four apartments and a separate cottage as the fifth unit. Set on 0.72 acres, the property has Commercial zoning. Kitchens, bathrooms, flooring, and appliances were updated within the past five years, and the roof was replaced in 2020.
Three of the five units are leased, while two are vacant. The property is at 1363 Frankstown Road in Johnstown, with public water and public sewer service.
Three of the five units are leased, while two are vacant. The property is at 1363 Frankstown Road in Johnstown, with public water and public sewer service.
Key Highlights
- Four apartments in a three‑story brick building, plus a separate cottage
- 4,700 square feet on a 0.72‑acre lot
- Three units leased; two units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,849
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,980
$577.0K
Cap Rate 7%
$412,129
$412.1K
Cap Rate 9%
$320,544
$320.5K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$56.4K $12.00/SF
− Vacancy
−$3.9K −$0.84/SF
EGI
$52.5K $11.16/SF
− OpEx
−$23.6K −$5.02/SF
NOI
$28.8K $6.14/SF
Area
Cambria County, PA
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,980
Cap Rate 7%
$412,129
Cap Rate 9%
$320,544
Alternative Uses
Best Use
Apartment 5plus
$412.1K
$360.6K – $480.8K
NOI $28,849 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,264 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 15902, PA
11,107
Population
6,281
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
9.4 sq mi
ZIP Area
1,182
Density / Sq Mi
$42,163
Median Household Income
$34,187
Median Earnings
$684
Median Rent
$58,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments and a separate cottage provide a varied five-unit rental configuration on a Commercial-zoned property.
Where is this apartment building located?
The property is located at 1363 Frankstown Road Johnstown, PA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Four apartments in a three‑story brick building, plus a separate cottage; 4,700 square feet on a 0.72‑acre lot; Three units leased; two units vacant
