Duplex with Large
For Sale
$114,000
725 Farren Street, Portage, PA 15946
Residential Income, Portage, PA
Property Size1,320 SF
Lot Size0.05 Acres
Price / SF$86.36
Days on Market48
Property Features for 725 Farren Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
Exterior features
Balcony, Private Entrance, Private Yard
Fencing
Gate, Chain Link
Fireplace
1
Lot features
Level, Level
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Subdivision
Portage Borough
Standard status
Active
APN
47-008.-118.001
Size
1,320 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
47-008.-118.001 Control #047-026870
Tax Annual Amount
1073
Legal Description
47-008.-118.001 Control #047-026870
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Hot Water(Heating), Natural Gas
Water source
Public
Listing Agency:
Lang Real Estate
(814) 886-8111
Listed By:
Craig Calvetti · License #RS375558
(814) 934-2625
Added: Jul 18
Changed: Aug 21
Last Checked: Sep 3 at 12:06AM
MLS# 80711
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 residential duplex includes 1,320 square feet on a 0.05-acre corner lot in Portage. The second floor provides three bedrooms, two bathrooms, a private entrance, and a large deck. The third floor offers the possibility of creating two additional bedrooms. A fireplace, balcony, private yard, gate, and chain-link fencing add to the property’s physical features.
The property is within walking distance of town and is served by public water and public sewer. Heating features include baseboard, electric, hot water, and natural gas systems. Residential zoning supports the property’s existing residential use, while the upper-level layout may accommodate an owner-occupant arrangement with rental income from the lower level, as described in the property information.
The property is within walking distance of town and is served by public water and public sewer. Heating features include baseboard, electric, hot water, and natural gas systems. Residential zoning supports the property’s existing residential use, while the upper-level layout may accommodate an owner-occupant arrangement with rental income from the lower level, as described in the property information.
Key Highlights
- Duplex with 1,320 square feet on a 0.05‑acre corner lot
- Second floor includes 3 bedrooms and 2 bathrooms
- Third floor offers the possibility of 2 additional bedrooms
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
$8,718
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
7.65%
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%
$174,360
$174.4K
Cap Rate 7%
$124,543
$124.5K
Cap Rate 9%
$96,867
$96.9K
Market Conditions
NOI Build-Up for 1,320 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
$13.5K $10.20/SF
− Vacancy
−$1.0K −$0.77/SF
EGI
$12.5K $9.44/SF
− OpEx
−$3.7K −$2.83/SF
NOI
$8.7K $6.60/SF
Area
Cambria County, PA
Vacancy
7.50%
Lease Rate
$10.20 /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%
$174,360
Cap Rate 7%
$124,543
Cap Rate 9%
$96,867
Alternative Uses
Best Use
Multifamily LT 5
$124.5K
$109.0K – $145.3K
NOI $8,718 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,102 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$398.3K
$348.5K – $464.6K
NOI $27,878 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 15946, PA
6,642
Population
3,222
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
48.8 sq mi
ZIP Area
136
Density / Sq Mi
$56,602
Median Household Income
$42,652
Median Earnings
$635
Median Rent
$116,100
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?
Duplex - Residential duplex on a corner lot with a three-bedroom upper level, private entrance, and access to town amenities.
Where is this duplex located?
The property is located at 725 Farren Street Portage, PA.
What is the asking price?
The asking price for this property is $114,000.
What are key features of this property?
This property features: Duplex with 1,320 square feet on a 0.05‑acre corner lot; Second floor includes 3 bedrooms and 2 bathrooms; Third floor offers the possibility of 2 additional bedrooms
