Duplex with Two Rented
For Sale
$140,000
206-206R Hershberger, Johnstown, PA 15905
Multi-Family, 2 Story, Ranch, Johnstown, PA
Property Size1,565 SF
Lot Size0.39 Acres
Price / SF$89.46
Days on Market54
Property Features for 206-206R Hershberger
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3
Lot features
Corner Lot, Irregular
Elementary school district
Greater Johnstown Area
Middle school district
Greater Johnstown Area
High school district
Greater Johnstown Area
Directions
Take Southmont Blvd to Hershberger (Harshberger). Property on Right. Look for sign.
Subdivision
City of Johnstown-8th Ward-78
Standard status
Active
APN
78-032. -305.000
Size
1,565 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
DB 2023/PG 4167
Tax Annual Amount
1699
Legal Description
DB 2023/PG 4167
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other, Ranch
Listing Agency:
REALTY ONE GROUP GOLD STANDARD
(724) 941-1427
Listed By:
Katlyn Grove
(814) 254-7060
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 23 at 1:06PM
MLS# 96041972
Copyright © 2026 Cambria Somerset 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 duplex features two separate homes on one property, with both units currently rented. The front home offers 2–3 bedrooms and 1.5 bathrooms, and it includes numerous updates such as new windows, a new furnace, and new flooring in 2023. The rear home is a spacious one-bedroom layout with a large kitchen, a private deck, and a garage below that can support parking, storage, or a workshop.
Built with frame construction and vinyl siding and styled as a ranch, the property sits on a 0.39-acre lot. Hot water heating and a shingle roof are in place. Public water and public sewer service the homes, and a large driveway along with additional off-street parking adds convenience.
Located just minutes from the hospital and other local amenities, this setup supports long-term rental demand.
Built with frame construction and vinyl siding and styled as a ranch, the property sits on a 0.39-acre lot. Hot water heating and a shingle roof are in place. Public water and public sewer service the homes, and a large driveway along with additional off-street parking adds convenience.
Located just minutes from the hospital and other local amenities, this setup supports long-term rental demand.
Key Highlights
- Two separate homes on one property, both units currently rented
- Front home: 2–3 bedrooms, 1.5 bathrooms; updates include new windows, new furnace, and new flooring in 2023
- Rear home: one‑bedroom layout with large kitchen and private deck
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
$10,336
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
7.38%
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%
$206,720
$206.7K
Cap Rate 7%
$147,657
$147.7K
Cap Rate 9%
$114,844
$114.8K
Market Conditions
NOI Build-Up for 1,565 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
$16.0K $10.20/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$14.8K $9.44/SF
− OpEx
−$4.4K −$2.83/SF
NOI
$10.3K $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%
$206,720
Cap Rate 7%
$147,657
Cap Rate 9%
$114,844
Alternative Uses
Best Use
Multifamily LT 5
$147.7K
$129.2K – $172.3K
NOI $10,336 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$137.2K
$120.1K – $160.1K
NOI $9,606 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$472.2K
$413.2K – $550.9K
NOI $33,053 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 15905, PA
19,654
Population
9,907
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
96%
High-School Grad
41.5 sq mi
ZIP Area
474
Density / Sq Mi
$70,620
Median Household Income
$45,285
Median Earnings
$893
Median Rent
$118,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes on one property, with both units currently rented and served by public water and sewer.
Where is this duplex located?
The property is located at 206-206R Hershberger Johnstown, PA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two separate homes on one property, both units currently rented; Front home: 2–3 bedrooms, 1.5 bathrooms; updates include new windows, new furnace, and new flooring in 2023; Rear home: one‑bedroom layout with large kitchen and private deck
