Building Details

Buildings 1

Tenancy Multi

Listing Agency: Mountain Valley Realty, Inc. c***@yahoo.com Show Phone

Listed By: Phyllis Wheeler Show Phone

Source: Exprealty

Added: Jun 13 Changed: Nov 1 Last Checked: Nov 1 at 6:42AM

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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 Mountain Valley Realty, Inc.

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Investment Insights

Based on property information with market context.

This 960-square-foot triplex includes two apartments and one studio apartment, with all three units currently leased. The first-floor apartment offers one bedroom and one bathroom, while the second-floor apartment includes two bedrooms and one bathroom. The basement ground-level unit is a two-room studio apartment.

Each unit has its own outdoor space. The ground-level apartment includes an outdoor patio, the two upper apartments each have a balcony-terrace, and the property also includes a backyard area with a garden space. Located at 165 W Main St in Westfield, PA.

Key Highlights

• Three‑unit building with 2 apartments and 1 studio apartment
• All units currently leased
• 960‑square‑foot property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,512

Cap Rate

4.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$130,240 $130.2K

Cap Rate 7%

$93,029 $93.0K

Cap Rate 9%

$72,356 $72.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 960 SF

Gross rent

$9.8K $10.20/SF

− Vacancy

−$490 −$0.51/SF

EGI

$9.3K $9.69/SF

− OpEx

−$2.8K −$2.91/SF

NOI

$6.5K $6.78/SF

Area

Tioga County, PA

Vacancy

5.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$130,240

Cap Rate 7%

$93,029

Cap Rate 9%

$72,356

Alternative Uses

Best Use

Multifamily LT 5

$93.0K

$81.4K – $108.5K (±1% cap)

NOI $6,512 @ 7.0% cap · market cap 4.68%

Second Best

Apartment 5plus

$86.4K

$75.6K – $100.9K (±1% cap)

NOI $6,051 @ 7.0% cap · market cap 4.35%

Theoretical Best

Healthcare Medical

$163.5K

$143.1K – $190.8K (±1% cap)

NOI $11,447 @ 7.0% cap · market cap 8.24%

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

Explore this area Business Placement

Demographics for 16950, PA

3,463

Population

1,959

Households

1.8

Avg Household Size

48

Median Age

12%

College-Educated

87%

High-School Grad

116.1 sq mi

ZIP Area

30

Density / Sq Mi

$52,440

Median Household Income

$33,542

Median Earnings

$653

Median Rent

$121,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Triplex Apartment Building

262 4 6 W Main Street, Westfield, PA 16950

$139,900

1.34 Acres

View details

Two-Story Mixed-Use Building

130 W Main Street, Westfield, PA 16950

$150,000

8,748 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Leased residential income property with two apartments, a studio, patios, balconies, and a backyard garden area.

Where is this triplex located?

The property is located at 165 W Main St Westfield, PA.

What is the asking price?

The asking price for this property is $139,000.

What are key features of this property?

This property features: Three‑unit building with 2 apartments and 1 studio apartment; All units currently leased; 960‑square‑foot property