Duplex with Covered
New
For Sale
$210,000
193 Harmony Drive, Johnstown, PA 15901
Residential Income, Johnstown, PA
Property Size2,240 SF
Lot Size0.90 Acres
Price / SF$93.75
Days on Market2
Property Features for 193 Harmony Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Off Street, Driveway
Exterior features
Private Entrance, Private Yard, Rain Gutters
Lot features
Level, Year Round Access, Level, Year Round Access
Elementary school district
Central Cambria
Middle school district
Central Cambria
High school district
Central Cambria
Directions
From 271 turn onto Harmony Dr. Go about 1/2 mile driveway on the right with arrow sign. House in the back with sign in yard
Subdivision
Jackson Township
Standard status
Active
APN
34-015.-159.001
Size
2,240 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
979/448
Tax Annual Amount
1656
Legal Description
979/448
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1993
Number of units
2
Listing Agency:
Lang Real Estate
(814) 886-8111
Listed By:
Lisa Hess · License #RS335258
(814) 232-2162
Added: Sep 15
Last Checked: Sep 16 at 12:06PM
MLS# 81278
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 2,240-square-foot duplex on a 0.9-acre parcel includes two residential units. The main-level unit has a living room, kitchen with dining space, laundry closet, two bedrooms, a full bathroom, laminate flooring, and a covered front porch. The lower unit is tenant occupied and provides a living room, dining area, full kitchen, laundry, two bedrooms, and a full bathroom.
The property includes parking for 2 cars, a covered patio, private entrances, a private yard, and rain gutters. Built in 1993, the property uses hot water and oil heating, with public water and private sewer. Residential zoning applies, and cable service is available.
The property includes parking for 2 cars, a covered patio, private entrances, a private yard, and rain gutters. Built in 1993, the property uses hot water and oil heating, with public water and private sewer. Residential zoning applies, and cable service is available.
Key Highlights
- Two‑unit residential property with 2,240 square feet of improvements
- 0.9‑acre parcel with private yard and covered outdoor areas
- Main‑level unit includes 2 bedrooms, full bath, laundry, and covered front porch
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
$14,794
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
7.04%
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%
$295,880
$295.9K
Cap Rate 7%
$211,343
$211.3K
Cap Rate 9%
$164,378
$164.4K
Market Conditions
NOI Build-Up for 2,240 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
$22.8K $10.20/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$21.1K $9.44/SF
− OpEx
−$6.3K −$2.83/SF
NOI
$14.8K $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%
$295,880
Cap Rate 7%
$211,343
Cap Rate 9%
$164,378
Alternative Uses
Best Use
Multifamily LT 5
$211.3K
$184.9K – $246.6K
NOI $14,794 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$196.4K
$171.9K – $229.2K
NOI $13,749 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$675.8K
$591.4K – $788.5K
NOI $47,309 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 15901, PA
3,379
Population
2,629
Households
1.3
Avg Household Size
50
Median Age
12%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
2,253
Density / Sq Mi
$27,946
Median Household Income
$27,258
Median Earnings
$476
Median Rent
$19,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living areas, kitchens, laundry, private entrances, and off-street parking.
Where is this duplex located?
The property is located at 193 Harmony Drive Johnstown, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit residential property with 2,240 square feet of improvements; 0.9‑acre parcel with private yard and covered outdoor areas; Main‑level unit includes 2 bedrooms, full bath, laundry, and covered front porch
