10-Unit Apartment
235 Saint Joseph Street 224 Saint Mary Street, Loretto, PA 15940
For Sale
Contact for pricing
Two buildings are offered together near Saint Francis University, with off-street parking at each property.
Property Size10,302 SF
Price / SF$84.93
Days on Market38
Property Features for 235 Saint Joseph Street 224 Saint Mary Street
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Building Details
Buildings
Listing Agency:
Century 21 Strayer & Associates Inc Ebensburg
Listed By:
Scott Strayer
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 12 at 7:51AM
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 Century 21 Strayer & Associates Inc Ebensburg
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10-unit apartment property comprises two buildings, with five residential units in each. The Saint Joseph Street building contains approximately 5,712 square feet, while the Saint Mary Street building contains approximately 4,590 square feet, for approximately 10,302 square feet combined. Construction includes brick, block, and vinyl, with shingle roofs, electric baseboard heat, public water and sewer, and 200-amp electrical service with breakers.
Both properties include blacktop parking, with space for approximately seven to nine vehicles per building. The Saint Joseph Street building also has a separate utility room for the hot-water tank and an area used as an office or paid-use laundry. The properties are near Saint Francis University. Appliances and certain furnishings are included subject to the sale agreement; tenant-owned personal property is excluded.
Both properties include blacktop parking, with space for approximately seven to nine vehicles per building. The Saint Joseph Street building also has a separate utility room for the hot-water tank and an area used as an office or paid-use laundry. The properties are near Saint Francis University. Appliances and certain furnishings are included subject to the sale agreement; tenant-owned personal property is excluded.
Key Highlights
- 10 residential units across two buildings, with five units in each
- Approximately 10,302 square feet combined: 5,712 square feet on Saint Joseph Street and 4,590 square feet on Saint Mary Street
- Blacktop parking for approximately seven to nine vehicles at each property
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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings are offered together near Saint Francis University, with off-street parking at each property.
Where is this apartment building located?
The property is located at 235 Saint Joseph Street 224 Saint Mary Street 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 on Saint Joseph Street and 4,590 square feet on Saint Mary Street; Blacktop parking for approximately seven to nine vehicles at each property
