Four-Unit Apartment Building on Large
For Sale
$389,000
Pending
361-367 Link Road, Loretto, PA 15940
MULTI_FAMILY - Loretto, PA
Property Size3,312 SF
Lot Size2.10 Acres
Days on Market344
Property Features for 361-367 Link Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Parking features
Driveway
Exterior features
Lighting, Rain Gutters
Lot features
Level, Year Round Access, Level, Year Round Access
Elementary school district
Penn Cambria
Middle school district
Penn Cambria
High school district
Penn Cambria
Directions
From 53 turn onto Syberton Road, then turn right onto Lincoln Road, keep right onto Bottom Road, at stop sign turn right, property sits on left side.
Subdivision
Allegheny Township
Standard status
Pending
APN
02-011.-102.004
Size
3,312 SF
Lot size
2.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Deed book/page 2022/13336
Tax Annual Amount
4133
Legal Description
Deed book/page 2022/13336
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Baseboard
Water source
Well
Building Details
Year built
1979
Number of units
4
Listing Agency:
Re/max Results Realty Group · RE/MAX International
(814) 946-9355
Listed By:
Jessica Mastri · License #RS326182
(814) 931-0426
Added: Sep 12, 2025
Changed: Aug 3
Last Checked: Aug 21 at 6:06PM
MLS# 78429
Copyright © 2026 Allegheny Highland Association of Realtors. 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 four-unit apartment building has undergone a complete gut-and-renovation. Improvements called out include a newer roof, windows, doors, floors, walls, kitchens and bathrooms, and lighting throughout. The property includes a well and septic system, supporting independent water and wastewater service, and reducing ongoing water utility bills. The top two units are completed, while the bottom two units have materials for completion and are planned to be finished before closing.
The property sits on 2.1 acres and is located in a Residential zoning setting in the country side. Exterior features include lighting and rain gutters, and there is driveway parking. Heating is electric with baseboard systems.
The building was constructed in 1979. Layout includes multiple bedrooms and bathrooms across the units, and the rooms list includes Bedroom 1 through Bedroom 7 and Bathroom 1 through Bathroom 4.
The property sits on 2.1 acres and is located in a Residential zoning setting in the country side. Exterior features include lighting and rain gutters, and there is driveway parking. Heating is electric with baseboard systems.
The building was constructed in 1979. Layout includes multiple bedrooms and bathrooms across the units, and the rooms list includes Bedroom 1 through Bedroom 7 and Bathroom 1 through Bathroom 4.
Key Highlights
- Four‑unit apartment building with gut‑and‑renovation work completed
- Newer roof, windows, doors, floors, walls, kitchens, bathrooms, and lighting throughout
- Top two units completed; bottom two units have materials for completion before closing
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
$21,874
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
5.62%
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%
$437,480
$437.5K
Cap Rate 7%
$312,486
$312.5K
Cap Rate 9%
$243,044
$243.0K
Market Conditions
NOI Build-Up for 3,312 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
$33.8K $10.20/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$31.2K $9.44/SF
− OpEx
−$9.4K −$2.83/SF
NOI
$21.9K $6.60/SF
Area
Cambria County, PA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$437,480
Cap Rate 7%
$312,486
Cap Rate 9%
$243,044
Alternative Uses
Best Use
Multifamily LT 5
$312.5K
$273.4K – $364.6K
NOI $21,874 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,329 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$999.3K
$874.4K – $1.17M
NOI $69,949 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 15940, PA
3,712
Population
773
Households
4.8
Avg Household Size
33
Median Age
19%
College-Educated
90%
High-School Grad
24.4 sq mi
ZIP Area
152
Density / Sq Mi
$86,250
Median Household Income
$9,489
Median Earnings
$720
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Completely renovated four-unit building with well and septic on a 2.1-acre residentially zoned lot.
Where is this quadplex located?
The property is located at 361-367 Link Road Loretto, PA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four‑unit apartment building with gut‑and‑renovation work completed; Newer roof, windows, doors, floors, walls, kitchens, bathrooms, and lighting throughout; Top two units completed; bottom two units have materials for completion before closing
