Private-Acreage
New
For Sale
$279,900
193 Clapper Rd, Altoona, PA 16601
Fully occupied duplex with a full basement, garage, and wooded recreational acreage.
Property Size1,824 SF
Lot Size22.50 Acres
Price / SF$153.45
Days on Market2
Property Features for 193 Clapper Rd
General Information
Standard status
Active
Size
1,824 SF
Lot size
22.50 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Land Use
residential, timber, hunting, recreational
Amenities
basement
garage
timber
hunting
trails
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Perry Wellington Realty LLC - Flinton
Listed By:
John Hill Real Estate
(814) 944-9377
Source:
Johnhillhomesearch
Added: Sep 4
Last Checked: Sep 4 at 2:24PM
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 - Flinton
Investment Insights
Based on property information with market context.
This duplex occupies a converted farmhouse built in 1956 and contains 1,824 square feet. The property is fully occupied and includes a full basement with garage space that may support additional income potential. The residential layout is complemented by 22.5 private acres, offering separation from surrounding properties.
Located in Logan Township outside Altoona, the property includes timber resources, hunting land, and trails extending to Horseshoe Curve. The combination of an occupied two-unit residence, substantial acreage, and basement garage creates a property with both residential income and rural land features.
Located in Logan Township outside Altoona, the property includes timber resources, hunting land, and trails extending to Horseshoe Curve. The combination of an occupied two-unit residence, substantial acreage, and basement garage creates a property with both residential income and rural land features.
Key Highlights
- Fully occupied duplex in a converted farmhouse built in 1956
- 1,824‑square‑foot property with a full basement and garage
- 22.5 private acres included with the duplex
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
$15,203
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
5.43%
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%
$304,060
$304.1K
Cap Rate 7%
$217,186
$217.2K
Cap Rate 9%
$168,922
$168.9K
Market Conditions
NOI Build-Up for 1,824 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
$23.0K $12.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$21.7K $11.91/SF
− OpEx
−$6.5K −$3.57/SF
NOI
$15.2K $8.33/SF
Area
Blair County, PA
Vacancy
5.50%
Lease Rate
$12.60 /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%
$304,060
Cap Rate 7%
$217,186
Cap Rate 9%
$168,922
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$201.0K
$175.8K – $234.5K
NOI $14,067 @ 7.0% cap · market cap 5.03%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.58M
NOI $155,081 @ 7.0% cap · market cap 55.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 16601, PA
32,764
Population
14,992
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
84.8 sq mi
ZIP Area
386
Density / Sq Mi
$55,504
Median Household Income
$35,737
Median Earnings
$790
Median Rent
$138,900
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 - Fully occupied duplex with a full basement, garage, and wooded recreational acreage.
Where is this duplex located?
The property is located at 193 Clapper Rd Altoona, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Fully occupied duplex in a converted farmhouse built in 1956; 1,824‑square‑foot property with a full basement and garage; 22.5 private acres included with the duplex
