9-Unit Brick Apartment
New
For Sale
$550,000
14 E Pike St, Houston, PA 15342
Recent unit updates and a new roof enhance this solid brick multifamily property.
Property Size5,169 SF
Days on Market3
Property Features for 14 E Pike St
General Information
Standard status
Active
Size
5,169 SF
Property subtype
Multifamily
Units
Unit Mix
8 x 1BD/1BA, 1 x 2BD/1BA
Multifamily Units
9
Additional Details
Highway Access
Yes
Building Details
Building Size
5,169 SF
Buildings
1
Construction
brick
Listing Agency:
SVN | Three Rivers Commercial Advisors
(724) 859-8091
Listed By:
Perry Nickleach II · License #PA #RS361479
Source:
Svn
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 5:19AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
Located at 14 E Pike St in Houston, PA, this solid brick apartment property contains nine residential units. The configuration includes eight one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment, providing a mix of smaller and larger layouts within the same building.
Recent capital work includes updates to seven units and installation of a new roof. The property is near S Main St with access to I79, while residents are responsible for their own electric service. Its unit mix, brick construction, and completed improvements provide a clear overview of the building’s physical configuration and operating structure.
Recent capital work includes updates to seven units and installation of a new roof. The property is near S Main St with access to I79, while residents are responsible for their own electric service. Its unit mix, brick construction, and completed improvements provide a clear overview of the building’s physical configuration and operating structure.
Key Highlights
- Nine‑unit apartment building with 8 x 1BD/1BA units and 1 x 2BD/1BA unit
- Updates completed in 7 of the 9 units
- New roof installed
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.1k | $16.08 |
| − Vacancy | −$5.7k | −$1.09 |
| EGI | $77.5k | $14.99 |
| − OpEx | −$34.9k | −$6.74 |
| NOI | $42.6k | $8.24 |
5,169 SF · lease $16.08/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,492 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 15342, PA
5,066
Population
2,493
Households
2
Avg Household Size
45
Median Age
36%
College-Educated
93%
High-School Grad
3.2 sq mi
ZIP Area
1,583
Density / Sq Mi
$89,702
Median Household Income
$56,603
Median Earnings
$1,067
Median Rent
$251,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Recent unit updates and a new roof enhance this solid brick multifamily property.
Where is this apartment building located?
The property is located at 14 E Pike St Houston, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Nine‑unit apartment building with 8 x 1BD/1BA units and 1 x 2BD/1BA unit; Updates completed in 7 of the 9 units; New roof installed
