537 N Edgewood Ave, Somerset, PA 15501
MULTI_FAMILY - Somerset, PA
- Added:
- Apr 11, 2026
- Days on Market:
- 87
- Last Refresh:
- Jul 6 at 8:06 pm
Property Features for 537 N Edgewood Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
- Appliances
- Dryer, Range Oven, Refrigerator, Washer, Washer/Dryer Stacked
- Standard status
- Active
- APN
- S41-027-149-00
- Size
- 3,086 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DBV 3105 /777
- Tax Annual Amount
- 2729
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Baseboard
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Lee Hoffman (814) 279-1733
Listing office REALTY ONE GROUP LANDMARK SOMERSET 101 W Main St, Indiana, PA (814) 483-8467
Listing date Apr 11, 2026
Copyright © 2026 Cambria Somerset 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.
HighLights
- 4‑unit apartment property, each unit offers 1 bedroom and 1 bathroom with a dedicated living room
- Entirely renovated throughout with new drywall, quartz countertops, cabinetry, and updated fixtures
- Brand new appliances in all units: stackable washer/dryer, refrigerator, and range/oven
- Each unit is separately metered with individual hot water tanks
- Updated electrical with a panel box in each unit
- Utilities: public water and public sewer; roof is shingle
Overview
Each unit is separately metered, and the property has individual hot water tanks for every unit. Electrical has been updated with a panel box in each unit, supporting independent service within the building.
With four 1-bedroom, 1-bath units and extensive renovations completed, the property is well suited for buyers seeking a turn-key residential income asset. The separately metered setup and individual hot water tanks can help simplify tenant-level utility management, while the new finishes and appliances offer a consistent, updated look across all units.
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 | $38.9k | $12.60 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $36.4k | $11.78 |
| − OpEx | −$10.9k | −$3.53 |
| NOI | $25.4k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -79.0812558
- Latitude
- 40.0125854
