Duplex with Detached Garage
New
For Sale
$129,900
15 Jefferson Street, Johnstown, PA 15905
Residential Income, Johnstown, PA
Property Size1,744 SF
Lot Size0.11 Acres
Price / SF$74.48
Days on Market6
Property Features for 15 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Off Street, Driveway, Garage
Exterior features
Private Entrance
Fireplace
1
Lot features
Cleared, Level, Cleared, Level
Elementary school district
Greater Johnstown Area
Middle school district
Greater Johnstown Area
High school district
Greater Johnstown Area
Subdivision
Johnstown
Standard status
Active
APN
78-035. -112.000
Size
1,744 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2024-4166
Tax Annual Amount
1882
Legal Description
2024-4166
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Number of units
2
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 7 at 7:06PM
MLS# 81149
Copyright © 2026 Allegheny Highland 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.
Investment Insights
Based on property information with market context.
This duplex configuration includes a primary single-family residence and a separate apartment positioned above a detached garage. The main home provides three bedrooms and one full bathroom, while the apartment is vacant and has recently received cosmetic updates. Total property size is 1744 square feet on a 0.11-acre lot.
The property includes a private entrance, garage, driveway, and additional off-street parking. Interior features include a fireplace, hot water heating, and natural gas service. Public water and public sewer serve the property. Its Johnstown location places it near Roxbury Park, Conemaugh Hospital, shopping, dining, and grocery stores.
The property includes a private entrance, garage, driveway, and additional off-street parking. Interior features include a fireplace, hot water heating, and natural gas service. Public water and public sewer serve the property. Its Johnstown location places it near Roxbury Park, Conemaugh Hospital, shopping, dining, and grocery stores.
Key Highlights
- Detached garage with an apartment above
- Main residence includes 3 bedrooms and 1 full bathroom
- Apartment is vacant and has recent cosmetic updates
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 a detached-garage apartment that has recent cosmetic updates.
Where is this duplex located?
The property is located at 15 Jefferson Street 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: Detached garage with an apartment above; Main residence includes 3 bedrooms and 1 full bathroom; Apartment is vacant and has recent cosmetic updates
