Duplex with Detached
New
For Sale
$129,900
15 Jefferson St, Johnstown, PA 15905
The property combines a three-bedroom home with an updated apartment above a detached garage.
Property Size1,744 SF
Price / SF$74.48
Days on Market4
Property Features for 15 Jefferson St
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
9999
Listing Agency:
Perry Wellington Realty, LLC
Listed By:
John Hill Real Estate
(814) 944-9377
Source:
Johnhillhomesearch
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 7:10AM
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 Perry Wellington Realty, LLC
Investment Insights
Based on property information with market context.
This duplex property contains a single-family residence and a separate apartment positioned above a detached garage. The main home includes 3 bedrooms and 1 full bathroom, while the apartment has received recent cosmetic updates and is currently vacant. The property totals 1,744 square feet.
Located at 15 Jefferson St in Johnstown, the property is near Roxbury Park and Conemaugh Hospital, with shopping, dining, and grocery stores also identified nearby. The two-unit configuration provides distinct residential spaces within one property.
Located at 15 Jefferson St in Johnstown, the property is near Roxbury Park and Conemaugh Hospital, with shopping, dining, and grocery stores also identified nearby. The two-unit configuration provides distinct residential spaces within one property.
Key Highlights
- Two‑unit layout with a single‑family home and detached garage apartment
- Main residence includes 3 bedrooms and 1 full bathroom
- 1,744 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,360
$230.4K
Cap Rate 7%
$164,543
$164.5K
Cap Rate 9%
$127,978
$128.0K
Market Conditions
NOI Build-Up for 1,744 SF
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.
Gross rent
$17.8K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.5K $9.44/SF
− OpEx
−$4.9K −$2.83/SF
NOI
$11.5K $6.60/SF
Area
Cambria County, PA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,360
Cap Rate 7%
$164,543
Cap Rate 9%
$127,978
Alternative Uses
Best Use
Multifamily LT 5
$164.5K
$144.0K – $192.0K
NOI $11,518 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$152.9K
$133.8K – $178.4K
NOI $10,705 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$526.2K
$460.4K – $613.9K
NOI $36,833 @ 7.0% cap · market cap 28.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 15905, PA
19,654
Population
9,907
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
96%
High-School Grad
41.5 sq mi
ZIP Area
474
Density / Sq Mi
$70,620
Median Household Income
$45,285
Median Earnings
$893
Median Rent
$118,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines a three-bedroom home with an updated apartment above a detached garage.
Where is this duplex located?
The property is located at 15 Jefferson St Johnstown, PA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit layout with a single‑family home and detached garage apartment; Main residence includes 3 bedrooms and 1 full bathroom; 1,744 square feet of property size
