Building Details

Year built 1974

Number of units 2

Building materials Brick, VinylSiding

Roof type Asphalt

Listing Agency: KELLER WILLIAMS EXCLUSIVE · Keller Williams Realty k***@kw.com

Listed By: Shawn Brooks · License #RS372956 Show Phone

Added: Mar 25 Changed: Sep 13 Last Checked: Sep 13 at 4:06PM

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MLS# 1745257

Copyright © 2026 West Penn Multi List, Inc. 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 2,825-square-foot duplex at 213-215 Arlington Ave includes two residential units within a brick and vinyl-sided building constructed in 1974. Unit 213 is vacant, while Unit 215 is occupied by a tenant. The property features vaulted ceilings, exposed beams, an arched brick fireplace, and a stained-glass entry door in Unit 213. Both units have new decks, and the property also includes a three-car integral garage, walkout basement, and rebuilt retaining wall.

The 0.2135-acre property is located in N Versailles, PA 15137, and is zoned R-2. It lies within Flood Zone X, identified in the source information as not requiring flood insurance. The asphalt roof and brick construction add to the building’s established physical profile.

Key Highlights

• 2,825‑square‑foot duplex on a 0.2135‑acre lot
• Unit 213 is vacant; Unit 215 is tenant‑occupied
• Three‑car integral garage and walkout basement

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

$21,978

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

8.79%

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%

$439,560 $439.6K

Cap Rate 7%

$313,971 $314.0K

Cap Rate 9%

$244,200 $244.2K

Market Conditions

NOI Build-Up for 2,825 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

$42.4K $15.00/SF

− Vacancy

−$2.4K −$0.86/SF

EGI

$40.0K $14.15/SF

− OpEx

−$18.0K −$6.37/SF

NOI

$22.0K $7.78/SF

Area

Allegheny County, PA

Vacancy

5.70%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

45.00%

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%

$439,560

Cap Rate 7%

$313,971

Cap Rate 9%

$244,200

Alternative Uses

Best Use

Multifamily LT 5

$343.1K

$300.2K – $400.3K (±1% cap)

NOI $24,015 @ 7.0% cap · market cap 9.61%

Second Best

Apartment 5plus

$314.0K

$274.7K – $366.3K (±1% cap)

NOI $21,978 @ 7.0% cap · market cap 8.79%

Theoretical Best

Office A

$719.6K

$629.6K – $839.5K (±1% cap)

NOI $50,370 @ 7.0% cap · market cap 20.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

50%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

389

Businesses Nearby

Explore this area Business Placement

Demographics for 15137, PA

9,939

Population

5,336

Households

1.9

Avg Household Size

47

Median Age

22%

College-Educated

94%

High-School Grad

7.9 sq mi

ZIP Area

1,258

Density / Sq Mi

$51,766

Median Household Income

$40,051

Median Earnings

$869

Median Rent

$115,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with one vacant residence and one tenant-occupied unit.

Where is this duplex located?

The property is located at 213-215 Arlington Ave N Versailles, PA.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 2,825‑square‑foot duplex on a 0.2135‑acre lot; Unit 213 is vacant; Unit 215 is tenant‑occupied; Three‑car integral garage and walkout basement