Student Apartments Near
For Sale
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456 2nd St & 406 Temperance Way, California, PA 15419
Two buildings with 20 apartments near campus.
Property SizeContact for details
Days on Market677
Property Features for 456 2nd St & 406 Temperance Way
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
Multi-unit
Net Operating Income
$211,616
Building Details
Year Built
2012
Buildings
2
Stories
3
Units
20
Listing Agency:
Coldwell Banker Commercial NRT Pittsburgh
(724) 942-1200
Listed By:
Mike Podolinsky · License #PA RS313127
Source:
Crexi
Added: Oct 22, 2024
Changed: Aug 14
Last Checked: Aug 28 at 1:13PM
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 Coldwell Banker Commercial NRT Pittsburgh
Investment Insights
Based on property information with market context.
This property features two buildings with a total of 20 apartments, catering to students, families, and individuals. Constructed in 2012 and well-maintained, the property includes (4) 4-bedroom, 2-bath units and (16) 2-bedroom, 1-bath units. Each apartment is equipped with kitchen appliances, a washer and dryer, and vinyl/laminate flooring. New roofs were installed in 2023. Situated less than two blocks from the campus, the location is in high demand among students. It is also convenient to restaurants, shopping, and the Mon River Park/Boat Ramp. The property offers easy access to major routes such as Rt 43 and Rt 70, facilitating quick travel to nearby areas including Brownsville, Washington, Uniontown, Pittsburgh, and Morgantown. The apartments offer a combination of quality and desirable amenities. The location makes it a sought-after choice for students, tenants, and investors. The property can be purchased with an additional 6-unit building at 456 2nd St and a 10-unit building that is not currently on the market, totaling 82 units for sale.
Key Highlights
- High 9% cap rate investment opportunity
- 20 student apartments in 2 well‑maintained buildings
- Prime location: less than 2 blocks from campus
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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Business Placement
Demographics for 15419, PA
3,574
Population
1,352
Households
2.6
Avg Household Size
26
Median Age
31%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,749
Density / Sq Mi
$44,481
Median Household Income
$9,943
Median Earnings
$804
Median Rent
$121,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with 20 apartments near campus.
Where is this apartment building located?
The property is located at 456 2nd St & 406 Temperance Way California, PA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: High 9% cap rate investment opportunity; 20 student apartments in 2 well‑maintained buildings; Prime location: less than 2 blocks from campus
