Multifamily Apartment Building For
321 Grove City Rd, Slippery Rock, PA 16057
For Sale
Contact for pricing
Turnkey 17-unit apartment building with stabilized income and upside.
Property Size11,500 SF
Price / SF$118.26
Days on Market247
Property Features for 321 Grove City Rd
General Information
Standard status
Size
Class
Property subtype
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Berkshire Hathaway HomeServices The Preferred Realty Butler
Listed By:
Amanda Shingleton · License PA RS328714
(724) 496-1745
Source:
Crexi
Added: Mar 13
Changed: Oct 26
Last Checked: Nov 14 at 2:47AM
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 Berkshire Hathaway HomeServices The Preferred Realty Butler
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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.
The multifamily apartment building, constructed in 2006, is located just outside Slippery Rock, PA. This turnkey investment property comprises 17 units: 5 single-bedroom units, 11 two-bedroom units, and 1 four-bedroom unit. The property has a total size of 11,500 square feet and maintains 100% occupancy with quality tenants. The property is not student housing and offers stabilized income with potential for value addition.
Key Highlights
- Turnkey investment property built in 2006.
- Stabilized income from day one with 100% occupancy.
- Attractive mix of unit types: 5 one‑bedroom, 11 two‑bedroom, and 1 four‑bedroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,361
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,220
$2.0M
Cap Rate 7%
$1,448,014
$1.4M
Cap Rate 9%
$1,126,233
$1.1M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$200.1K $17.40/SF
− Vacancy
−$15.8K −$1.37/SF
EGI
$184.3K $16.03/SF
− OpEx
−$82.9K −$7.21/SF
NOI
$101.4K $8.81/SF
Area
Butler County, PA
Vacancy
7.90%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,220
Cap Rate 7%
$1,448,014
Cap Rate 9%
$1,126,233
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,361 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $205,046 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 16057, PA
14,327
Population
6,171
Households
2.3
Avg Household Size
29
Median Age
28%
College-Educated
96%
High-School Grad
88.7 sq mi
ZIP Area
162
Density / Sq Mi
$56,285
Median Household Income
$16,957
Median Earnings
$858
Median Rent
$242,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 17-unit apartment building with stabilized income and upside.
Where is this apartment building located?
The property is located at 321 Grove City Rd Slippery Rock, PA.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Turnkey investment property built in 2006.; Stabilized income from day one with 100% occupancy.; Attractive mix of unit types: 5 one‑bedroom, 11 two‑bedroom, and 1 four‑bedroom.
