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Slippery Rock Multifamily Investment Opportunity
For Sale
Contact for pricing
Pending

230-250 E Water Street, Slippery Rock, PA 16057

17-unit apartment complex in a sought-after rental market.

Property Size17,700 SF
Days on Market179

Property Features for 230-250 E Water Street

General Information

Standard status Pending
Size 17,700 SF
Class A
Total Parking Spaces 20
Property subtype Multifamily
Occupancy 93%
Investment Type Stabilized
Net Operating Income $141,659

Building Details

Buildings 2
Stories 2
Units 17
Listing Agency: Berkshire Hathaway HomeServices The Preferred Realty Butler
Listed By: Amanda Shingleton · License #rs328714
Source: Crexi
Added: Feb 25 Changed: Aug 16 Last Checked: Aug 23 at 5:53PM

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 Berkshire Hathaway HomeServices The Preferred Realty Butler

Investment Insights

Based on property information with market context.

This is a 17-unit apartment complex comprised of a 10-unit building and a 7-unit building. The units include a mix of one, two, and three-bedroom layouts. The units have functional layouts and ample natural light. The property has a history of low vacancy rates. The location is close to shopping, dining, and colleges. The property is located in Slippery Rock, PA. The property is 17700 square feet.

Key Highlights

  • Solid 17‑unit apartment complex in a sought‑after rental market.
  • Consistently low vacancy rates and a solid rental history.
  • Attractive mix of one, two, and three bedroom units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Electrical Service Parking Lot & Garage Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

Demographics for 16057, PA

14,327
Population
6,171
Households
2.3
Avg Household Size
29
Median Age
28%
College-Educated
96%
High-School Grad
88.7 sq mi
ZIP Area
162
Density / Sq Mi
$56,285
Median Household Income
$16,957
Median Earnings
$858
Median Rent
$242,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 17-unit apartment complex in a sought-after rental market.
Where is this apartment building located?
The property is located at 230-250 E Water Street Slippery Rock, PA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Solid 17‑unit apartment complex in a sought‑after rental market.; Consistently low vacancy rates and a solid rental history.; Attractive mix of one, two, and three bedroom units.
(724) 282-1313 Call to check price and availability
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