Renovated 4-Unit Apartment
361-367 Link Road Loretto, PA 15940
361-367 Link Road, Loretto, PA, 15940
$389,000
Pending
For Sale
$389,000
Pending
MULTI_FAMILY - Loretto, PA
Property Size3,312 SF
Lot Size2.10 Acres
Days on Market310
Property Features for 361-367 Link Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 5
- Parking features
- Driveway
- Exterior features
- Lighting, Rain Gutters
- 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
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Well
Building Details
- Year built
- 1979
- Number of units
- 4
Listing Agency
Re/max Results Realty Group
(814) 946-9355
1001 Logan Blvd, Altoona, PA
Listed by
Jessica Mastri · License #RS326182
(814) 931-0426
Added: Sep 12, 2025 Checked: Jul 18 at 2:06 am
MLS# 78429
Listing URL
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 for-sale 4-unit apartment building has been completely gutted and renovated, with improvements including a newer roof, windows, doors, floors, walls, kitchens, bathrooms, and lighting throughout. The top two units are completed, and the bottom two units have materials staged for completion prior to closing. The property is served by a well and septic, which helps simplify ongoing water service considerations. The site also includes additional existing connections from a previously removed trailer, supporting site re-use possibilities.
The building is located on a rural property in the Loretto, PA area on Link Road, with a lot size of approximately 2.1 acres. A buyer should note that all measurements are to be verified.
For tenants and operators, the renovated unit interiors and completed top-floor apartments provide an immediately usable rental configuration, while the remaining units are scheduled to be finished before closing. For buyers, the combination of substantial interior upgrades, well-and-septic utilities, and a larger-than-standard lot may support a range of residential and site development uses, subject to buyer verification and applicable requirements.
The building is located on a rural property in the Loretto, PA area on Link Road, with a lot size of approximately 2.1 acres. A buyer should note that all measurements are to be verified.
For tenants and operators, the renovated unit interiors and completed top-floor apartments provide an immediately usable rental configuration, while the remaining units are scheduled to be finished before closing. For buyers, the combination of substantial interior upgrades, well-and-septic utilities, and a larger-than-standard lot may support a range of residential and site development uses, subject to buyer verification and applicable requirements.
Key Highlights
- 4‑unit apartment building; completely gutted and renovated with newer roof, windows, doors, floors, walls, kitchens, bathrooms, and lighting throughout
- Top two units are completed; bottom two units include materials for completion and will be done before closing
- Well and septic tank service (no water bills to think about per remarks); buyer to verify all measurements
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $10.20 |
| − Vacancy | −$2.5k | −$0.77 |
| EGI | $31.2k | $9.44 |
| − OpEx | −$9.4k | −$2.83 |
| NOI | $21.9k | $6.60 |
3,312 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Renovated four-unit multifamily property on a little over two acres with well and septic service.
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: 4‑unit apartment building; completely gutted and renovated with newer roof, windows, doors, floors, walls, kitchens, bathrooms, and lighting throughout; Top two units are completed; bottom two units include materials for completion and will be done before closing; Well and septic tank service (no water bills to think about per remarks); buyer to verify all measurements
