Two-Building Rental Income
639 S Ankeny Ave Somerset, PA 15501
New
For Sale
$262,500
MULTI_FAMILY - Somerset, PA
Property Size1,810 SF
Lot Size0.11 Acres
Price / SF$145.03
Days on Market2
Property Features for 639 S Ankeny Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 3
- Appliances
- Other-See Also Included
- Standard status
- Active
- APN
- S41-040-324-00
- Size
- 1,810 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 2992 /113
- Tax Annual Amount
- 2708
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
REALTY ONE GROUP LANDMARK
(724) 427-5801
Listed By:
Kaylee Hribar
(814) 624-9479
Added: Jul 22
Last Checked: Jul 23 at 4:06PM
MLS# 96042151
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.
Investment Insights
Based on property information with market context.
This income-producing rental property includes four total units across two separate buildings. The front building has been newly remodeled, offering updated interior finishes. Both buildings received new roofs in 2024, which can help reduce near-term roof-related maintenance.
The property is located in Somerset Borough, Somerset, Pennsylvania, at 639 S Ankeny Ave (15501). The public remarks indicate convenience to shopping, dining, schools, and major roadways.
At this time, the listing includes a total property size of 1,810 square feet and a lot size of 0.11 acres, with all details presented for the overall two-building configuration.
The property is located in Somerset Borough, Somerset, Pennsylvania, at 639 S Ankeny Ave (15501). The public remarks indicate convenience to shopping, dining, schools, and major roadways.
At this time, the listing includes a total property size of 1,810 square feet and a lot size of 0.11 acres, with all details presented for the overall two-building configuration.
Key Highlights
- Income‑producing property in Somerset Borough with 4 total rental units across two separate buildings
- Front building has been newly remodeled
- Both buildings received new roofs in 2024
Financial Insights For Apartment 5plus
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 | $26.7k | $14.76 |
| − Vacancy | −$1.5k | −$0.86 |
| EGI | $25.2k | $13.90 |
| − OpEx | −$11.3k | −$6.26 |
| NOI | $13.8k | $7.65 |
1,810 SF · lease $14.76/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.4K
$501.7K – $669.0K
NOI $40,139 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Income-producing property with four rental units across two buildings, with new roofs installed in 2024.
Where is this multifamily property located?
The property is located at 639 S Ankeny Ave Somerset, PA.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Income‑producing property in Somerset Borough with 4 total rental units across two separate buildings; Front building has been newly remodeled; Both buildings received new roofs in 2024
