Five-Unit Apartment
For Sale
$374,900
1363 Frankstown Rd, Johnstown, PA 15902
Renovated apartments and a separate cottage provide a mix of residential unit configurations.
Property Size4,700 SF
Lot Size0.72 Acres
Price / SF$79.77
Days on Market19
Property Features for 1363 Frankstown Rd
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.72 Acres
Property subtype
Residential Income
Additional Details
Gross Income
$42,600
Road Access
Yes
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,462
Building Details
Buildings
2
Construction
brick
Listing Agency:
HOWARD HANNA BARDELL REALTY SOMERSET
(814) 445-6587
Listed By:
Justin Vardian
(814) 254-6118
Source:
Exprealty
Added: Oct 14
Changed: Oct 31
Last Checked: Nov 1 at 7:51AM
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 HOWARD HANNA BARDELL REALTY SOMERSET
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Investment Insights
Based on property information with market context.
At 1363 Frankstown Road, this 4,700-square-foot apartment property occupies a 0.72-acre lot. The three-story brick building contains four apartments, complemented by a separate cottage that brings the property total to five units. Renovations completed within the past five years include kitchens, bathrooms, flooring, and appliances; the roof was replaced in 2020.
Three apartments are leased, while two units are vacant. The property is along Frankstown Road, a short drive from downtown Johnstown and Richland Township.
Three apartments are leased, while two units are vacant. The property is along Frankstown Road, a short drive from downtown Johnstown and Richland Township.
Key Highlights
- Five units: four apartments in a three‑story brick building and one separate cottage
- 4,700 square feet on a 0.72‑acre lot
- Renovations within the past five years included kitchens, bathrooms, flooring, and appliances
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.
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
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments and a separate cottage provide a mix of residential unit configurations.
Where is this apartment building located?
The property is located at 1363 Frankstown Rd 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: Five units: four apartments in a three‑story brick building and one separate cottage; 4,700 square feet on a 0.72‑acre lot; Renovations within the past five years included kitchens, bathrooms, flooring, and appliances
