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Quadplexes Portfolio Investment
New
For Sale
$1,100,000

615-617 2nd Street, Cresson, PA 16630

MULTI_FAMILY - Cresson, PA

Property SizeContact for details
Days on Market2

Property Features for 615-617 2nd Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Parking features Off Street
Elementary school district Penn Cambria
Middle school district Penn Cambria
High school district Penn Cambria
Subdivision Cresson Borough
Standard status Active
APN SEE COMMENTS-

Taxes and HOA fees

Tax Annual Amount 6360

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: Howard Hanna Bardell Realty Altoona
Listed By: Hunter Ott · License #RS353898
Added: Aug 3 Last Checked: Aug 4 at 3:06AM
MLS# 80862

Copyright © 2026 Allegheny Highland 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.

Investment Insights

Based on property information with market context.

This investment portfolio includes a total of 17 residential units across five properties: 615 2nd Street in Cresson (single-family home purchased for additional off-street parking), 617 2nd Street in Cresson (7-unit apartment building), 322 Railroad Street in Lilly (4-unit building), 315 Main Street in Lilly (3-unit building), and 336 Railroad Street in Lilly (2-unit building). Several units have been recently renovated, and the portfolio is described as well maintained throughout.

The three Lilly properties are conveniently located adjacent to one another, creating efficient ownership and management for day-to-day oversight.

All buildings are served by public water and public sewer, supporting straightforward operations for a multi-property investor.

Key Highlights

  • Total portfolio of 17 residential units across five properties
  • 617 2nd Street, Cresson is a 7‑unit apartment building
  • Lilly cluster includes 4‑unit, 3‑unit, and 2‑unit buildings

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Electrical Service Dental Office Auto Parts 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.

Lease Details

17
Residential units

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby

Demographics for 16630, PA

4,679
Population
2,143
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
5.7 sq mi
ZIP Area
821
Density / Sq Mi
$65,034
Median Household Income
$32,172
Median Earnings
$657
Median Rent
$139,700
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?
Quadplex - Off-street parking and public utilities support a 17-unit, multi-building portfolio across Cresson and Lilly.
Where is this quadplex located?
The property is located at 615-617 2nd Street Cresson, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Total portfolio of 17 residential units across five properties; 617 2nd Street, Cresson is a 7‑unit apartment building; Lilly cluster includes 4‑unit, 3‑unit, and 2‑unit buildings
More about this property
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