Two-Unit Duplex with Covered Outdoor
New
For Sale
$210,000
193 Harmony Dr, Johnstown, PA 15909
Duplex with two-bedroom residences, separate kitchens, in-unit laundry, and covered porch and patio areas.
Property Size2,240 SF
Price / SF$93.75
Days on Market3
Property Features for 193 Harmony Dr
General Information
Standard status
Active
Size
2,240 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
covered front porch
covered patio
Building Details
Year Built
1993
Listing Agency:
Coldwell Banker Town & Country R.E
Listed By:
John Hill Real Estate
(814) 944-9377
Source:
Johnhillhomesearch
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 17 at 2:10AM
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 Coldwell Banker Town & Country R.E
Investment Insights
Based on property information with market context.
Built in 1993, this 2,240-square-foot duplex contains two residential units with a practical, consistent layout. Each residence includes a living room, dining area, full kitchen, laundry area, two bedrooms, and a full bathroom. The main-level unit also features laminate flooring, natural light, double bedroom closets, and a covered front porch, while the lower unit includes a covered patio. The lower residence is tenant occupied.
The property provides parking for 2 cars and is located at 193 Harmony Dr in Johnstown, within Jackson Township. Its two-unit configuration, separate living spaces, and individual laundry areas support straightforward residential income use.
The property provides parking for 2 cars and is located at 193 Harmony Dr in Johnstown, within Jackson Township. Its two-unit configuration, separate living spaces, and individual laundry areas support straightforward residential income use.
Key Highlights
- Two‑unit duplex with 2,240 square feet
- Built in 1993
- Each unit offers 2 bedrooms and 1 full bathroom
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 15909, PA
5,116
Population
2,422
Households
2.1
Avg Household Size
49
Median Age
16%
College-Educated
93%
High-School Grad
17.8 sq mi
ZIP Area
287
Density / Sq Mi
$59,226
Median Household Income
$38,391
Median Earnings
$780
Median Rent
$105,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two-bedroom residences, separate kitchens, in-unit laundry, and covered porch and patio areas.
Where is this duplex located?
The property is located at 193 Harmony Dr 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 duplex with 2,240 square feet; Built in 1993; Each unit offers 2 bedrooms and 1 full bathroom
