Listing Agency: Coldwell Banker Burns & Burns M***@MichaelAndElsa.com Show Phone

Listed By: Michael Wise · License #RM425536

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 12:01PM

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Investment Insights

Based on property information with market context.

This 11-unit residential rental complex is offered for sale with the property described as 100% rented. The setup includes Building 1 with three 2-bedroom units (one on the down level and two upstairs), and Building 2 with four 2-bedroom townhouses. The remaining units are comprised of cottages, with four cottages in total that include three 2-bedroom units and one 3-bedroom unit.

The information provided states that all 11 units have washer and dryer hookups, and that 10 units include one full bathroom while one unit has 1.5 bathrooms. The units are described as very well maintained, with most tenants characterized as long term on month-to-month leases.

The 16.25-acre property has the units positioned on the front half of the site, and the remarks indicate additional units may be added by a new owner. An existing gas lease with royalties is also noted as transferring to the new owner. Access is described as strong, with the property situated between the Strattanville and Clarion-exit 62 I-80 exits and with access to Rt 322.

Key Highlights

• 11‑unit residential rental complex on 16.25 acres in Strattanville—100% rented per listing remarks
• Unit mix: Building 1 includes three 2‑bedroom units; Building 2 has four 2‑bedroom townhouses; cottages include three 2‑bedroom and one 3‑bedroom
• Bathroom count: 10 units have 1 full bath; 1 unit has 1.5 baths

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

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Demographics for 16258, PA

1,774

Population

1,147

Households

1.5

Avg Household Size

46

Median Age

18%

College-Educated

91%

High-School Grad

36.7 sq mi

ZIP Area

48

Density / Sq Mi

$51,125

Median Household Income

$35,855

Median Earnings

$764

Median Rent

$162,500

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 - Eleven rental units across two buildings and cottages, all with washer and dryer hookups, positioned on the front portion of the site.

Where is this apartment building located?

The property is located at 45 Southern Ave Strattanville, PA.

What are key features of this property?

This property features: 11‑unit residential rental complex on 16.25 acres in Strattanville—100% rented per listing remarks; Unit mix: Building 1 includes three 2‑bedroom units; Building 2 has four 2‑bedroom townhouses; cottages include three 2‑bedroom and one 3‑bedroom; Bathroom count: 10 units have 1 full bath; 1 unit has 1.5 baths