10-Unit Apartment
New
For Sale
$875,000
224-235 St Joseph, Loretto, PA 15940
Commercial Sale, Loretto, PA
Property Size10,302 SF
Lot Size0.36 Acres
Price / SF$84.93
Days on Market4
Property Features for 224-235 St Joseph
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school district
Penn Cambria
Middle school district
Penn Cambria
High school district
Penn Cambria
Directions
Take US-22 E to Loretto/Ebensburg Exit, turn right onto Manor Drive, turn right onto St. Mary Street. St. Joseph Street us below one street of St. Mary Street - look for signs
Subdivision
Loretto Boro-38
Standard status
Active
APN
38-04-204
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2241/76
Tax Annual Amount
11234
Legal Description
2241/76
Building Details
Floors in Building
2
Listing Agency:
Century 21 Strayer Ebensburg
(814) 472-4761
Listed By:
Scott Strayer · License #RM049011A
(814) 525-2291
Added: Oct 3
Last Checked: Oct 6 at 6:06PM
MLS# 96042673
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 apartment property combines two buildings with five residential units in each. The St. Joseph Street building contains approximately 5,712 square feet, and the St. Mary Street building contains approximately 4,590 square feet, for approximately 10,302 square feet total. The combined site measures 0.36 acres and is zoned Commercial.
Construction includes brick, block, and vinyl, with shingle roofs and electric baseboard heat. Both properties have public water and sewer, 200-amp electrical service with breakers, and blacktop parking for approximately seven to nine vehicles per building. The St. Joseph Street building also has a separate utility room and an area used as an office or paid-use laundry. Appliances and certain furnishings are included subject to the agreement; tenant-owned personal property is excluded.
The two addresses are near Saint Francis University. The properties are being offered together as one package.
Construction includes brick, block, and vinyl, with shingle roofs and electric baseboard heat. Both properties have public water and sewer, 200-amp electrical service with breakers, and blacktop parking for approximately seven to nine vehicles per building. The St. Joseph Street building also has a separate utility room and an area used as an office or paid-use laundry. Appliances and certain furnishings are included subject to the agreement; tenant-owned personal property is excluded.
The two addresses are near Saint Francis University. The properties are being offered together as one package.
Key Highlights
- 10 residential units across two buildings, with five units in each
- Approximately 10,302 square feet combined: 5,712 square feet at St. Joseph and 4,590 square feet at St. Mary
- 0.36‑acre site zoned Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,234
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,680
$1.3M
Cap Rate 7%
$903,343
$903.3K
Cap Rate 9%
$702,600
$702.6K
Market Conditions
NOI Build-Up for 10,302 SF
Gross rent
$123.6K $12.00/SF
− Vacancy
−$8.7K −$0.84/SF
EGI
$115.0K $11.16/SF
− OpEx
−$51.7K −$5.02/SF
NOI
$63.2K $6.14/SF
Area
Cambria County, PA
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,680
Cap Rate 7%
$903,343
Cap Rate 9%
$702,600
Alternative Uses
Best Use
Apartment 5plus
$903.3K
$790.4K – $1.05M
NOI $63,234 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,578 @ 7.0% cap · market cap 24.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 15940, PA
3,712
Population
773
Households
4.8
Avg Household Size
33
Median Age
19%
College-Educated
90%
High-School Grad
24.4 sq mi
ZIP Area
152
Density / Sq Mi
$86,250
Median Household Income
$9,489
Median Earnings
$720
Median Rent
$236,400
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?
Apartment building - Two buildings near Saint Francis University offer off-street parking and commercial zoning.
Where is this apartment building located?
The property is located at 224-235 St Joseph Loretto, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 10 residential units across two buildings, with five units in each; Approximately 10,302 square feet combined: 5,712 square feet at St. Joseph and 4,590 square feet at St. Mary; 0.36‑acre site zoned Commercial
