Building Details

Year Built 1970

Stories 2

Listing Agency: Cowanesque Lake Realty, LLC t***@cowanesquelakerealty.com Show Phone

Listed By: Theresa Mead · License #10401371053 Show Phone

Source: Compass

Added: Feb 16 Changed: Aug 30 Last Checked: Aug 30 at 4:42PM

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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 Cowanesque Lake Realty, LLC

Investment Insights

Based on property information with market context.

This 5,375-square-foot apartment property contains 11 units, including an attached duplex. Individual units are currently leased to long-term residential tenants, and nearly all units are rented. The building dates to 1970 and has metal and shingle exterior materials. Its current configuration is residential, while the property’s former identity as the Port Motel remains part of the building’s history and layout. Located at 730 North Main Street in Port Allegany, Pennsylvania, the asset offers an established unit arrangement for continued multifamily operation. The existing setup also retains a connection to the property’s prior motel format for an owner evaluating future operational alternatives.

Key Highlights

• 11‑unit property includes an attached duplex
• Currently operated as residential rental housing
• Nearly all units are rented to long‑term tenants

Property Analytics

Property Profile

Current Use

Motels

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Nail Salon Grocery & Convenience 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

11

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 16743, PA

3,933

Population

1,940

Households

2

Avg Household Size

42

Median Age

23%

College-Educated

94%

High-School Grad

101.3 sq mi

ZIP Area

39

Density / Sq Mi

$53,846

Median Household Income

$35,233

Median Earnings

$756

Median Rent

$116,100

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?

Apartment building - Currently leased to long-term residential occupants, with a layout reflecting the property's former lodging use.

Where is this apartment building located?

The property is located at 730 North Main Street Port Allegany, PA.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 11‑unit property includes an attached duplex; Currently operated as residential rental housing; Nearly all units are rented to long‑term tenants