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Furnished Apartment Building
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 Market183

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 Assigned, Off Street
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

auto-locking doors
coin-operated laundry
large spacious backyard
picnic tables
patio chairs

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: Sep 4 Last Checked: Sep 5 at 9:06AM
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 apartment property is configured for room-by-room occupancy, with 8 individually rented bedrooms. Each room includes a bed, dresser, desk, storage shelving, and personal refrigerator. Shared facilities include 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 support daily operations.

The property sits on 0.3528 acres at 323 Franklin St in Slippery Rock, across from Dollar General and near Slippery Rock University, local shops, dining, and community events. Outdoor features include a spacious backyard, picnic tables, patio chairs, and assigned off-street parking. The property has operated as student housing for over a decade and is zoned C-2.

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Room-by-room housing with shared amenities and off-street parking near Slippery Rock University.
Where is this apartment building 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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