4-Unit Multifamily
For Sale
$242,500
639 S Ankeny Ave, Somerset, PA 15501
Multi-Family, 2 Story, Somerset, PA
Property Size1,810 SF
Lot Size0.11 Acres
Price / SF$133.98
Days on Market99
Property Features for 639 S Ankeny Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Appliances
Other-See Also Included
Lot features
Rectangular
Elementary school district
Somerset Area
Middle school district
Somerset Area
High school district
Somerset Area
Directions
From Main St. in Somerset, turn onto S. Center Ave. Travel approximately 0.5 miles and turn right onto S. Ankeny Ave. Continue to 639A S. Ankeny Ave. The property will be on the left.
Subdivision
Somerset Boro-S41
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
Legal Description
2992 /113
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
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY ONE GROUP LANDMARK JOHNSTOWN
(814) 408-6495
Listed By:
Kaylee Hribar
(814) 624-9479
Added: Jul 22
Changed: Oct 21
Last Checked: Oct 28 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,810-square-foot multifamily property includes 4 rental units arranged across two separate buildings on a 0.11-acre parcel. The front building has been remodeled with updated finishes, while both buildings received new shingle roofs in 2024. Vinyl siding, vinyl and carpet flooring, and hot-water heating are part of the existing improvements.
Located at 639 S Ankeny Ave in Somerset, the property is near shopping, dining, schools, and major roadways. Public water and public sewer serve the site, supporting the existing residential configuration.
Located at 639 S Ankeny Ave in Somerset, the property is near shopping, dining, schools, and major roadways. Public water and public sewer serve the site, supporting the existing residential configuration.
Key Highlights
- 4 rental units across two separate buildings
- 1,810 square feet on a 0.11‑acre parcel
- Front building has been newly remodeled with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,841
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,820
$276.8K
Cap Rate 7%
$197,729
$197.7K
Cap Rate 9%
$153,789
$153.8K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$26.7K $14.76/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$25.2K $13.90/SF
− OpEx
−$11.3K −$6.26/SF
NOI
$13.8K $7.65/SF
Area
Somerset County, PA
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,820
Cap Rate 7%
$197,729
Cap Rate 9%
$153,789
Alternative Uses
Best Use
Apartment 5plus
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.4K
$501.7K – $669.0K
NOI $40,139 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
Demographics for 15501, PA
16,277
Population
7,656
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
132.0 sq mi
ZIP Area
123
Density / Sq Mi
$55,797
Median Household Income
$35,311
Median Earnings
$731
Median Rent
$162,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-building rental property with updated finishes and recent roof improvements.
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 $242,500.
What are key features of this property?
This property features: 4 rental units across two separate buildings; 1,810 square feet on a 0.11‑acre parcel; Front building has been newly remodeled with updated finishes
