Renovated Four-Unit Apartment
537 N Edgewood Ave, Somerset, PA 15501
MULTI_FAMILY - Somerset, PA
Property size:
3,086 SFLot size:
0.25 AcresPrice / SF:
$95/SF- Added:
- Apr 11, 2026
- Days on Market:
- 41
- Last Refresh:
- May 21 at 6:06 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
- Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 4
- 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
- Vinyl, Laminate, Carpet
- 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
MLS# 96041383
Listing URL
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
- Entirely renovated property, ready for immediate occupancy.
- Four individual units, each with 1 bedroom and 1 bathroom.
- Brand new appliances in all units: stackable washer/dryer, refrigerator, and oven.
- Each unit is separately metered with individual hot water tanks.
- Updated electrical with panel box in each unit.
- New drywall, carpet, Quartz countertops, cabinetry, and fixtures throughout.
Overview
This is a four-unit apartment property that has been entirely renovated and is ready for occupancy. Each unit features one bedroom, one bathroom, and a dedicated living room. The units include new appliances such as a stackable washer/dryer, refrigerator, and oven. New drywall, carpet, quartz countertops, cabinetry, and fixtures are present throughout the renovated property. Each unit is separately metered with individual hot water tanks and an updated electrical panel box. The property is located in Somerset, Pennsylvania, and the lot size is 0.25 acres. The property size is 3086 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$282.8K
NOI $25,449 @ 9.00% cap · cautious / downside scenario
Moderate
$363.6K
NOI $25,449 @ 7.00% cap · market / base-case scenario
Aggressive
$509.0K
NOI $25,449 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 |
3,086 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$363.6K
$318.1K – $424.2K
NOI $25,449 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,599 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,435 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -79.0812558
- Latitude
- 40.0125854
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Completely renovated four-unit apartment building in Somerset, Pennsylvania.
Where is this quadplex located?
The property is located at 537 N Edgewood Ave Somerset, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Entirely renovated property, ready for immediate occupancy.; Four individual units, each with 1 bedroom and 1 bathroom.; Brand new appliances in all units: stackable washer/dryer, refrigerator, and oven.
