Updated Two-Story
For Sale
$175,000
305 Hornet Avenue, Johnstown, PA 15902
Multi-Family, 2 Story, Johnstown, PA
Property Size2,624 SF
Lot Size0.25 Acres
Price / SF$66.69
Days on Market53
Property Features for 305 Hornet Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Fireplace
1
Lot features
Irregular
Elementary school district
Conemaugh Valley
Middle school district
Conemaugh Valley
High school district
Conemaugh Valley
Directions
Frankstown road, turn right onto Truman Blvd, then turn right onto Bon Air onto Hornet Avenue, go thru stop sign and house is on the left
Subdivision
Conemaugh Twp-Cambria-14
Standard status
Active
APN
14-83-203
Size
2,624 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2183/280
Tax Annual Amount
2037
Legal Description
2183/280
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant
Water source
Public
Amenities
patio
fenced yard
first floor laundry
Building Details
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW EXCLUSIVE REAL ESTATE
(814) 266-9521
Listed By:
Lynn Richards
(814) 341-4414
Added: Jul 27
Changed: Sep 14
Last Checked: Sep 17 at 12:06AM
MLS# 96042182
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 two-story duplex provides 2624 square feet with 4BR and 3BA across a flexible residential layout. The family room contains a second kitchen and connects to a primary suite, creating a configuration that can support a separate living area. A first-floor laundry room adds daily convenience.
Recent improvements include windows, roof, furnace, siding, and hot water equipment. The property also features vinyl siding, a shingle roof, radiant and hot water heating, public water, and public sewer. Propane hookups are available in both the living room and family room, and the home includes a fireplace.
Outdoor features include a partially covered patio and fenced yard on a 0.25-acre lot. A neighborhood park with a playground and basketball court is nearby. The property is zoned Residential and is located in Johnstown, Pennsylvania.
Recent improvements include windows, roof, furnace, siding, and hot water equipment. The property also features vinyl siding, a shingle roof, radiant and hot water heating, public water, and public sewer. Propane hookups are available in both the living room and family room, and the home includes a fireplace.
Outdoor features include a partially covered patio and fenced yard on a 0.25-acre lot. A neighborhood park with a playground and basketball court is nearby. The property is zoned Residential and is located in Johnstown, Pennsylvania.
Key Highlights
- 2624 square feet with 4BR and 3BA
- Two‑story duplex on a 0.25‑acre lot
- Second kitchen in the family room adjoining a primary suite
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
$16,106
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
9.20%
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%
$322,120
$322.1K
Cap Rate 7%
$230,086
$230.1K
Cap Rate 9%
$178,956
$179.0K
Market Conditions
NOI Build-Up for 2,624 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
$31.5K $12.00/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$29.3K $11.16/SF
− OpEx
−$13.2K −$5.02/SF
NOI
$16.1K $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 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%
$322,120
Cap Rate 7%
$230,086
Cap Rate 9%
$178,956
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.6K – $288.8K
NOI $17,330 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$230.1K
$201.3K – $268.4K
NOI $16,106 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$791.7K
$692.7K – $923.7K
NOI $55,419 @ 7.0% cap · market cap 31.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 15902, PA
11,107
Population
6,281
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
9.4 sq mi
ZIP Area
1,182
Density / Sq Mi
$42,163
Median Household Income
$34,187
Median Earnings
$684
Median Rent
$58,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom layout includes a second kitchen, first-floor laundry, and flexible family-room space.
Where is this duplex located?
The property is located at 305 Hornet Avenue Johnstown, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2624 square feet with 4BR and 3BA; Two‑story duplex on a 0.25‑acre lot; Second kitchen in the family room adjoining a primary suite
