Three-Unit Property with
For Sale
$145,000
445-449 Jefferson Ave, Washington, PA 15301
Mixed-use property with two occupied apartments, a third unit under renovation, and additional finished and unfinished areas.
Property Size797 SF
Price / SF$181.93
Days on Market52
Property Features for 445-449 Jefferson Ave
General Information
Standard status
Active
Size
797 SF
Property subtype
Multi-Family
Building Details
Year Built
1903
Listing Agency:
Exp Realty LLC
(888) 397-7352
Listed By:
Jackson Realty Group
(412) 790-2779
Source:
Jacksonrealty
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 12 at 7:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty LLC
Investment Insights
Based on property information with market context.
This 1903 triplex includes a commercial storefront and three one-bedroom apartment areas. Two apartments are currently rented, while the third one-bedroom unit is slated for remodeling. The property also includes 797 square feet of additional finished area on the lower level, a large unfinished second floor formerly configured as an apartment, and a basement designated for storage.
The combination of storefront space, residential units, and supplementary areas creates a multi-level layout with several distinct components. Existing apartment occupancy is complemented by space requiring renovation and unfinished portions that may support additional use, subject to applicable approvals and construction requirements.
The combination of storefront space, residential units, and supplementary areas creates a multi-level layout with several distinct components. Existing apartment occupancy is complemented by space requiring renovation and unfinished portions that may support additional use, subject to applicable approvals and construction requirements.
Key Highlights
- Triplex with commercial storefront and three one‑bedroom apartment areas
- Two one‑bedroom apartments currently rented
- Third one‑bedroom apartment requires remodeling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,034
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,680
$160.7K
Cap Rate 7%
$114,771
$114.8K
Cap Rate 9%
$89,267
$89.3K
Market Conditions
NOI Build-Up for 797 SF
Gross rent
$12.0K $15.00/SF
− Vacancy
−$478 −$0.60/SF
EGI
$11.5K $14.40/SF
− OpEx
−$3.4K −$4.32/SF
NOI
$8.0K $10.08/SF
Area
Washington County, PA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,680
Cap Rate 7%
$114,771
Cap Rate 9%
$89,267
Alternative Uses
Best Use
Retail
$114.8K
$100.4K – $133.9K
NOI $8,034 @ 7.0% cap · market cap 5.54%
Second Best
Multifamily LT 5
$99.1K
$86.7K – $115.6K
NOI $6,936 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$245.6K
$214.9K – $286.5K
NOI $17,191 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Mixed-use property with two occupied apartments, a third unit under renovation, and additional finished and unfinished areas.
Where is this triplex located?
The property is located at 445-449 Jefferson Ave Washington, PA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Triplex with commercial storefront and three one‑bedroom apartment areas; Two one‑bedroom apartments currently rented; Third one‑bedroom apartment requires remodeling
