Building Details

Building Size 5,169 SF

Buildings 1

Construction brick

Listing Agency: SVN | Three Rivers Commercial Advisors

Listed By: Perry Nickleach II · License #PA #RS361479 Show Phone

Source: Svn

Added: Aug 2 Changed: Nov 3 Last Checked: Nov 3 at 4:57AM

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$42,606

Cap Rate

7.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,120 $852.1K

Cap Rate 7%

$608,657 $608.7K

Cap Rate 9%

$473,400 $473.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,169 SF

Gross rent

$83.1K $16.08/SF

− Vacancy

−$5.7K −$1.09/SF

EGI

$77.5K $14.99/SF

− OpEx

−$34.9K −$6.74/SF

NOI

$42.6K $8.24/SF

Area

Washington County, PA

Vacancy

6.80%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,120

Cap Rate 7%

$608,657

Cap Rate 9%

$473,400

Alternative Uses

Best Use

Apartment 5plus

$608.7K

$532.6K – $710.1K (±1% cap)

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 (±1% cap)

NOI $111,492 @ 7.0% cap · market cap 20.27%

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

9

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

257

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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