Building Details

Units 5

Listing Agency: SVN | Three Rivers Commercial Advisors k***@svn.com Show Phone

Listed By: Keane George · License #PA RS317489

Source: Crexi

Added: Mar 3 Changed: Aug 8 Last Checked: Aug 8 at 6:24AM

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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 SVN | Three Rivers Commercial Advisors

Investment Insights

Based on property information with market context.

This is a turn key apartment building for sale in Wampum, Pennsylvania. The property consists of five units, each featuring two bedrooms and one bathroom. Additionally, the property includes a two-bay garage and a laundromat. The building is fully leased and well maintained. The property size is 4160 square feet.

Key Highlights

• Turn‑key 5‑unit apartment building, ready for immediate income.
• Fully leased, offering instant cash flow.
• Well‑maintained property, ensuring tenant satisfaction.

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

$25,534

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

6.90%

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%

$510,680 $510.7K

Cap Rate 7%

$364,771 $364.8K

Cap Rate 9%

$283,711 $283.7K

Market Conditions

NOI Build-Up for 4,160 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

$49.9K $12.00/SF

− Vacancy

−$3.5K −$0.84/SF

EGI

$46.4K $11.16/SF

− OpEx

−$20.9K −$5.02/SF

NOI

$25.5K $6.14/SF

Area

Lawrence 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%

$510,680

Cap Rate 7%

$364,771

Cap Rate 9%

$283,711

Alternative Uses

Best Use

Apartment 5plus

$364.8K

$319.2K – $425.6K (±1% cap)

NOI $25,534 @ 7.0% cap · market cap 6.90%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$5.05M

$4.42M – $5.89M (±1% cap)

NOI $353,693 @ 7.0% cap · market cap 95.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Dental Office Hair Salon Furniture & Home Goods Restaurant Bakery

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

60

Businesses Nearby

Explore this area Business Placement

Demographics for 16157, PA

3,112

Population

1,368

Households

2.3

Avg Household Size

49

Median Age

14%

College-Educated

88%

High-School Grad

25.0 sq mi

ZIP Area

124

Density / Sq Mi

$56,582

Median Household Income

$43,838

Median Earnings

$653

Median Rent

$150,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Five-unit apartment building with garage and laundromat in Wampum.

Where is this apartment building located?

The property is located at 318 Main St Wampum, PA.

What is the asking price?

The asking price for this property is $370,000.

What are key features of this property?

This property features: Turn‑key 5‑unit apartment building, ready for immediate income.; Fully leased, offering instant cash flow.; Well‑maintained property, ensuring tenant satisfaction.