Two-Unit Property with Wooded
For Sale
$225,000
198 Blue Knob Rd, Portage, PA 15946
Separate apartments offer flexible residential income and multigenerational living arrangements.
Property Size2,904 SF
Lot Size1.03 Acres
Price / SF$77.48
Days on Market86
Property Features for 198 Blue Knob Rd
General Information
Standard status
Active
Size
2,904 SF
Lot size
1.03 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
covered patio
deck
Building Details
Year Built
1990
Listing Agency:
RE/MAX Results Realty Group
Listed By:
John Hill Real Estate
(814) 944-9377
Source:
Johnhillhomesearch
Added: Jul 23
Changed: Oct 15
Last Checked: Oct 14 at 10:32PM
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 RE/MAX Results Realty Group
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Investment Insights
Based on property information with market context.
This duplex contains two distinct apartments within a 2,904-square-foot property built in 1990. The lower residence has two bedrooms, one full bathroom, a kitchen, living room, and a covered patio positioned beneath the upper deck. The second-floor residence includes four bedrooms, including two loft-style rooms, two full bathrooms, a kitchen, living area, and a private deck.
The property occupies 1.03 wooded acres at 198 Blue Knob Rd in Portage, Pennsylvania, with countryside views and mature trees surrounding the residences. Each apartment includes a stove, refrigerator, and some furniture, providing established household features for both units.
The property occupies 1.03 wooded acres at 198 Blue Knob Rd in Portage, Pennsylvania, with countryside views and mature trees surrounding the residences. Each apartment includes a stove, refrigerator, and some furniture, providing established household features for both units.
Key Highlights
- Duplex with 2,904 square feet, built in 1990
- Set on 1.03 wooded acres with countryside views
- Lower apartment includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,179
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,580
$383.6K
Cap Rate 7%
$273,986
$274.0K
Cap Rate 9%
$213,100
$213.1K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$29.6K $10.20/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$27.4K $9.44/SF
− OpEx
−$8.2K −$2.83/SF
NOI
$19.2K $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 Rate 5%
$383,580
Cap Rate 7%
$273,986
Cap Rate 9%
$213,100
Alternative Uses
Best Use
Multifamily LT 5
$274.0K
$239.7K – $319.7K
NOI $19,179 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$254.6K
$222.8K – $297.1K
NOI $17,825 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$876.2K
$766.7K – $1.02M
NOI $61,332 @ 7.0% cap · market cap 27.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 15946, PA
6,642
Population
3,222
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
48.8 sq mi
ZIP Area
136
Density / Sq Mi
$56,602
Median Household Income
$42,652
Median Earnings
$635
Median Rent
$116,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments offer flexible residential income and multigenerational living arrangements.
Where is this duplex located?
The property is located at 198 Blue Knob Rd Portage, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex with 2,904 square feet, built in 1990; Set on 1.03 wooded acres with countryside views; Lower apartment includes 2 bedrooms and 1 full bathroom
