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Furnished Student 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 Market188

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
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: Sep 9 Last Checked: Sep 10 at 10:06AM
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 C-2 apartment property is configured for room-by-room student housing, with 8 individually rented bedrooms and shared residential facilities. Each bedroom includes a bed, dresser, desk, storage shelving, and a personal refrigerator. Common areas include a full kitchen, coin-operated laundry, and two full bathrooms. Auto-locking doors and a cooperative household system are also in place.

Built in 1900, the property sits on 0.3528 acres and has a large backyard with picnic tables and patio chairs. Private off-street parking is available for tenants, including assigned spaces. Major mechanical improvements include a newer high-efficiency furnace, an updated hot water tank, and upgraded 200-amp electrical service. The property has operated as student housing for over a decade and is located near Slippery Rock University, local shops, dining, and community events, with Dollar General across the street.

Key Highlights

  • 8 individually rented, furnished bedrooms with personal refrigerators
  • C‑2 zoning on a 0.3528‑acre property
  • Shared full kitchen, coin‑operated laundry, and 2 full bathrooms

Property Analytics

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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
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

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 - Eight furnished private bedrooms share a full kitchen, coin-operated laundry, and two full bathrooms.
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, furnished bedrooms with personal refrigerators; C‑2 zoning on a 0.3528‑acre property; Shared full kitchen, coin‑operated laundry, and 2 full bathrooms
More about this property
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