Two-Building Student Housing
235 / 224 St. Joseph St. / St. Mary St. Loretto, PA 15940
New
For Sale
$875,000
COMMERCIAL - Loretto, PA
Property Size10,302 SF
Lot Size0.36 Acres
Price / SF$84.93
Days on Market3
Property Features for 235 / 224 St. Joseph St. / St. Mary St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 38-004-204.000
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 2241/76
- Tax Annual Amount
- 11289
Building Details
- Floors in Building
- 2
Listing Agency:
RE/MAX POWER Associates
(814) 254-4743
Listed By:
James Hanley · License #AB068327
(814) 241-6881
Added: Jul 22
Last Checked: Jul 24 at 5:06AM
MLS# 96042142
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 sale package includes two multi-unit residential buildings sold together: one on St. Mary Street and one on St. Joseph Street. The St. Mary Street building contains five units configured with two bedrooms and one-and-one-half bathrooms, along with a kitchen and living room layout. The St. Joseph Street building contains five units, including one three-bedroom, 1.5-bath unit and four two-bedroom, 1.5-bath units, each with large living room space and kitchens. The buildings feature brick, block, and vinyl construction with shingle roofs, electric baseboard heat, public water and public sewer, and 200-amp electrical service with breakers. A blacktop parking area is provided for approximately seven to nine vehicles per building. The St. Joseph Street property includes a separate utility room for the hot-water tank plus space used as an office or paid-to-use laundry area. Appliances and certain furnishings within the units are included, subject to the agreement terms.
The portfolio is located on the Saint Francis University campus area in Loretto, Pennsylvania, and is offered as one investment package with financial information, occupancy details, leases, and additional documentation available to qualified buyers upon request.
The portfolio is located on the Saint Francis University campus area in Loretto, Pennsylvania, and is offered as one investment package with financial information, occupancy details, leases, and additional documentation available to qualified buyers upon request.
Key Highlights
- 10‑unit residential portfolio sold together: 224 St. Mary St. and 235 St. Joseph St. in Loretto, PA
- Total approx. 10,302 SF across two buildings (approx. 4,590 SF St. Mary; approx. 5,712 SF St. Joseph)
- St. Mary building has five units with 2BR and 1.5BA, plus kitchen and living room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.6k | $12.00 |
| − Vacancy | −$8.7k | −$0.84 |
| EGI | $115.0k | $11.16 |
| − OpEx | −$51.7k | −$5.02 |
| NOI | $63.2k | $6.14 |
10,302 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Portfolio includes two multi-unit buildings totaling 10 residential units with off-street parking and utility services.
Where is this apartment building located?
The property is located at 235 / 224 St. Joseph St. / St. Mary St. 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‑unit residential portfolio sold together: 224 St. Mary St. and 235 St. Joseph St. in Loretto, PA; Total approx. 10,302 SF across two buildings (approx. 4,590 SF St. Mary; approx. 5,712 SF St. Joseph); St. Mary building has five units with 2BR and 1.5BA, plus kitchen and living room
