Two-Unit Ranch
New
For Sale
$210,000
193 Harmony Drive, Johnstown, PA 15909
Residential, Johnstown, PA
Property Size2,240 SF
Lot Size0.90 Acres
Price / SF$93.75
Days on Market3
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 2, Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Off Street, Driveway
Window features
Insulated Windows
Patio and Porch features
Patio, Porch
Interior features
Eat-in Kitchen
Exterior features
Private Entrance, Private Yard, Rain Gutters
Basement
Full, Walk-Out Access, Finished
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
Sewer type
Private Sewer
Heating system
Oil, Hot Water(Heating)
Water source
Public
Amenities
covered front porch
covered patio
on-site laundry
Building Details
Year built
1993
Floors in Building
2
Flooring type
Carpet, Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Lang Real Estate
(814) 886-8111
Listed By:
Lisa Hess · License #RS335258
(814) 232-2162
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 16 at 6:06AM
MLS# 81264
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 ranch-style duplex, built in 1993, contains 2,240 square feet across two residential units on a 0.9-acre parcel. Each unit includes a living room, kitchen, laundry area, two bedrooms, and a full bathroom. The main-level residence features laminate flooring, an eat-in kitchen, double closets in both bedrooms, and a covered front porch. The lower unit includes a dining area, full kitchen, laundry, and a covered patio, and is currently tenant occupied.
The property provides two-car parking through a driveway and off-street spaces. Additional physical features include vinyl siding, shingle roofing, rain gutters, a private yard, and separate entrances. Public water and private sewer serve the property, which is zoned Residential.
The property provides two-car parking through a driveway and off-street spaces. Additional physical features include vinyl siding, shingle roofing, rain gutters, a private yard, and separate entrances. Public water and private sewer serve the property, which is zoned Residential.
Key Highlights
- 2,240‑square‑foot duplex on a 0.9‑acre parcel
- Two units, each with 2 bedrooms and 1 full bathroom
- Lower unit is currently tenant occupied
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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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Well-maintained residential duplex with two separate living areas, private entrances, outdoor spaces, 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: 2,240‑square‑foot duplex on a 0.9‑acre parcel; Two units, each with 2 bedrooms and 1 full bathroom; Lower unit is currently tenant occupied
