Updated
For Sale
$170,000
709 Baldwin St, Meadville, PA 16335
Four-unit residential income property with improvements to the roof, siding, and windows.
Property Size1,788 SF
Price / SF$95.08
Days on Market10
Property Features for 709 Baldwin St
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,232
Listing Agency:
Howard Hanna Erie Airport
(814) 397-9187
Listed By:
Pat Doran
(814) 397-9187
Source:
Exprealty
Added: Aug 9
Changed: Aug 17
Last Checked: Aug 18 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Erie Airport
Investment Insights
Based on property information with market context.
This four-unit residential building has received updates to its roof, exterior siding, and windows. The property is configured as a quadplex and offers an established multifamily format for an investor or owner building a residential portfolio.
The building is located in Meadville near Allegheny College and Meadville Medical Center. Its proximity to both institutions provides a defined surrounding context for this multifamily asset.
The building is located in Meadville near Allegheny College and Meadville Medical Center. Its proximity to both institutions provides a defined surrounding context for this multifamily asset.
Key Highlights
- Four‑unit residential building
- Updated roof, siding, and windows
- Located near Allegheny College
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,940
$298.9K
Cap Rate 7%
$213,529
$213.5K
Cap Rate 9%
$166,078
$166.1K
Market Conditions
NOI Build-Up for 1,788 SF
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.
Gross rent
$22.5K $12.60/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$21.4K $11.94/SF
− OpEx
−$6.4K −$3.58/SF
NOI
$14.9K $8.36/SF
Area
Crawford County, PA
Vacancy
5.22%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,940
Cap Rate 7%
$213,529
Cap Rate 9%
$166,078
Alternative Uses
Best Use
Multifamily LT 5
$213.5K
$186.8K – $249.1K
NOI $14,947 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$196.0K
$171.5K – $228.6K
NOI $13,717 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$443.6K
$388.1K – $517.5K
NOI $31,051 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 16335, PA
27,452
Population
12,547
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
240
Density / Sq Mi
$58,531
Median Household Income
$32,692
Median Earnings
$892
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with improvements to the roof, siding, and windows.
Where is this quadplex located?
The property is located at 709 Baldwin St Meadville, PA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Four‑unit residential building; Updated roof, siding, and windows; Located near Allegheny College
