Building Details

Year Built 1956

Tenancy Multi

Listing Agency: Coldwell Banker Town & Country R.E

Listed By: John Hill Real Estate Show Phone

Source: Johnhillhomesearch

Added: Sep 4 Changed: Oct 19 Last Checked: Oct 19 at 7:20AM

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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.

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 / Yr

$15,203

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$304,060 $304.1K

Cap Rate 7%

$217,186 $217.2K

Cap Rate 9%

$168,922 $168.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,824 SF

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 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 (±1% cap)

NOI $15,203 @ 7.0% cap · market cap 5.43%

Second Best

Apartment 5plus

$201.0K

$175.8K – $234.5K (±1% cap)

NOI $14,067 @ 7.0% cap · market cap 5.03%

Theoretical Best

Warehouse

$2.22M

$1.94M – $2.58M (±1% cap)

NOI $155,081 @ 7.0% cap · market cap 55.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Big Box & Wholesale Store Cafe & Coffee Shop Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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