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Furnished Room-Rental Multifamily Property
For Sale
$349,999

323 Franklin St, Slippery Rock, PA 16057

ResidentialIncome, Slippery Rock, PA

Property SizeContact for details
Lot Size0.35 Acres
Days on Market174

Property Features for 323 Franklin St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning C-2
Zoning description C-2
Parking features Off Street, Assigned
Elementary school district Slippery Rock Area
Middle school district Slippery Rock Area
High school district Slippery Rock Area
Directions (GPS) 108 E. INTO SLIPPERY ROCK BORO. LOCATED ON LEFT ACROSS FROM DG.
Subdivision Slippery Rock Boro
Standard status Active
Lot size 0.35 Acres

Taxes and HOA fees

Tax Annual Amount 2298

Amenities

coin-operated laundry
auto-locking doors
large backyard
picnic tables
patio chairs
off-street parking

Building Details

Year built 1900
Number of units 8
Roof type Slate
Listing Agency: CASTLE REALTY
Listed By: Francesca Ferrara · License #AB069536
Added: Mar 6 Changed: Aug 26 Last Checked: Aug 27 at 6:06AM
MLS# 1742677

Copyright © 2026 West Penn Multi List, Inc. 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 1900-built multifamily property is configured for room-by-room occupancy, with 8 individually rented bedrooms and shared household facilities. Each bedroom includes a bed, dresser, desk, storage shelving, and personal refrigerator. Residents have access to a full kitchen, coin-operated laundry, and two full bathrooms. Auto-locking doors, a newer high-efficiency furnace, an updated hot water tank, and upgraded 200-amp electrical service are included. The property also provides off-street assigned parking, a spacious backyard, picnic tables, and patio seating.

Located at 323 Franklin St in Slippery Rock, the property is near Slippery Rock University, local shops, dining, and community events. Dollar General is directly across the street. The site measures 0.3528 acres and carries C-2 zoning.

Key Highlights

  • 8 individually rented bedrooms with furnishings and personal refrigerators
  • Shared full kitchen, coin‑operated laundry, and two full bathrooms
  • Upgraded 200‑amp electrical service, newer high‑efficiency furnace, and updated hot water tank

Property Analytics

Current Use

Slippery Rock House Student Housing Center

Suggested Use

Top Pick Auto Repair Shop Electrical Service Parking Lot & Garage Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Individual bedrooms are furnished and supported by shared kitchen, laundry, bathroom, and outdoor areas.
Where is this multifamily property located?
The property is located at 323 Franklin St Slippery Rock, PA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 8 individually rented bedrooms with furnishings and personal refrigerators; Shared full kitchen, coin‑operated laundry, and two full bathrooms; Upgraded 200‑amp electrical service, newer high‑efficiency furnace, and updated hot water tank
More about this property
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