Six-Unit Apartment
For Sale
$495,000
800 4th Street, Ellwood City, PA 16117
C1-zoned apartment property with laundry facilities and off-street parking.
Property Size4,548 SF
Price / SF$108.84
Days on Market179
Property Features for 800 4th Street
General Information
Standard status
Active
Size
4,548 SF
Total Parking Spaces
8
Property subtype
Multi-Unit / Other
Zoning
C1
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$4,000
Amenities
laundry facility
0.0
Building Details
Year Built
1926
Buildings
1
Listing Agency:
HOWARD HANNA COMPANY CHIPPEWA OFFICE
(888) 397-7352
Listed By:
Stephanie Ramer · License #RS299939
(888) 397-7352
Source:
Compass
Added: Mar 6
Changed: Aug 30
Last Checked: Aug 31 at 9:49PM
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 COMPANY CHIPPEWA OFFICE
Investment Insights
Based on property information with market context.
Located at 800 4th Street in Ellwood City, this apartment property contains six units within a 4,548-square-foot building constructed in 1926. The layout includes a lower-level laundry facility and off-street parking for residents.
Five units are currently rented, while one unit is vacant. The property is zoned C1, providing a defined framework for its existing apartment use.
Five units are currently rented, while one unit is vacant. The property is zoned C1, providing a defined framework for its existing apartment use.
Key Highlights
- Six‑unit apartment building with 4,548 square feet
- Five of six units currently rented; one unit is vacant
- Lower‑level laundry facility
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
$27,916
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
5.64%
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%
$558,320
$558.3K
Cap Rate 7%
$398,800
$398.8K
Cap Rate 9%
$310,178
$310.2K
Market Conditions
NOI Build-Up for 4,548 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
$54.6K $12.00/SF
− Vacancy
−$3.8K −$0.84/SF
EGI
$50.8K $11.16/SF
− OpEx
−$22.8K −$5.02/SF
NOI
$27.9K $6.14/SF
Area
Lawrence County, PA
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$558,320
Cap Rate 7%
$398,800
Cap Rate 9%
$310,178
Alternative Uses
Best Use
Apartment 5plus
$398.8K
$349.0K – $465.3K
NOI $27,916 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.52M
$4.83M – $6.44M
NOI $386,681 @ 7.0% cap · market cap 78.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 16117, PA
16,459
Population
7,995
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
36.4 sq mi
ZIP Area
452
Density / Sq Mi
$69,982
Median Household Income
$45,129
Median Earnings
$856
Median Rent
$143,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - C1-zoned apartment property with laundry facilities and off-street parking.
Where is this apartment building located?
The property is located at 800 4th Street Ellwood City, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Six‑unit apartment building with 4,548 square feet; Five of six units currently rented; one unit is vacant; Lower‑level laundry facility
