Richland Township Duplex
For Sale
Contact for pricing
241 - 243 Marietta Dr, Johnstown, PA 15904
Two well-maintained townhouses in Richland Township, great investment potential.
Property Size2,352 SF
Price / SF$82.91
Days on Market180
Property Features for 241 - 243 Marietta Dr
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
Residential
Building Details
Stories
2
Units
2
Listing Agency:
RE/MAX Team Realtors
Listed By:
Bobby Colvin · License #PA
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 12 at 7:56AM
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 RE/MAX Team Realtors
Investment Insights
Based on property information with market context.
Located in Richland Township, this property features two well-maintained townhouses, each offering three bedrooms and one and a half bathrooms. Each unit includes a living room with sliding doors leading to a rear patio, a full kitchen and dining area equipped with appliances, and a half bath on the main floor. The second floors of each unit provide three bedrooms with ample closet and storage space, along with a full bathroom. Laundry rooms are located in the basements. The property features electric heat and central air. Each unit has a one-car garage and a paved driveway with parking for two vehicles. Unit 241 is tenant-occupied and rents for $995 per month plus utilities. Unit 243 is currently owner-occupied. The property is located a short distance from local amenities, including shopping, restaurants, hospitals and medical facilities, and entertainment and recreational venues. The property size is 2352 square feet.
Key Highlights
- Two 3‑bedroom, 1.5 bath townhouses in one property.
- Income‑generating: One unit is tenant‑occupied at $995/month plus utilities.
- Each unit features a living room with patio access, full kitchen/dining area with appliances, and ample closet/storage space.
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
$15,534
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
7.97%
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%
$310,680
$310.7K
Cap Rate 7%
$221,914
$221.9K
Cap Rate 9%
$172,600
$172.6K
Market Conditions
NOI Build-Up for 2,352 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
$24.0K $10.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$22.2K $9.44/SF
− OpEx
−$6.7K −$2.83/SF
NOI
$15.5K $6.60/SF
Area
Cambria County, PA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$310,680
Cap Rate 7%
$221,914
Cap Rate 9%
$172,600
Alternative Uses
Best Use
Multifamily LT 5
$221.9K
$194.2K – $258.9K
NOI $15,534 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$206.2K
$180.5K – $240.6K
NOI $14,437 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$709.6K
$620.9K – $827.9K
NOI $49,674 @ 7.0% cap · market cap 25.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 15904, PA
16,065
Population
7,243
Households
2.2
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
556
Density / Sq Mi
$65,122
Median Household Income
$34,862
Median Earnings
$856
Median Rent
$172,200
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?
Duplex - Two well-maintained townhouses in Richland Township, great investment potential.
Where is this duplex located?
The property is located at 241 - 243 Marietta Dr Johnstown, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5 bath townhouses in one property.; Income‑generating: One unit is tenant‑occupied at $995/month plus utilities.; Each unit features a living room with patio access, full kitchen/dining area with appliances, and ample closet/storage space.
