55-Unit Apartment
For Sale
$3,550,000
827 Dornin St, Greensburg, PA 15601
Fifty-five 1-bed, 1-bath units across five residential buildings with onsite washers and dryers and storage lockers.
Property Size27,500 SF
Lot Size2.40 Acres
Days on Market158
Property Features for 827 Dornin St
General Information
Standard status
Active
Size
27,500 SF
Lot size
2.40 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
55
Amenities
onsite washers/dryers
storage lockers
Building Details
Building Size
27,500 SF
Year Built
1962
Listing Agency:
SVN | Three Rivers Commercial Advisors
Listed By:
Bryan Donaldson · License #PA #RS273805
(724) 272-4225
Source:
Svn
Added: May 17
Changed: Oct 19
Last Checked: Oct 20 at 7:02PM
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 SVN | Three Rivers Commercial Advisors
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Investment Insights
Based on property information with market context.
This 55-unit apartment complex was built in 1962 and is set on 2.4 acres. The property consists of five residential buildings, with all units configured as 1 bed and 1 bath. In-unit convenience includes onsite washers and dryers, and residents also have access to storage lockers.
The offering is presented as having strong occupancy with below market rents, which may support operational value.
For investors or operators seeking a multifamily acquisition, the property’s structure is straightforward: five buildings totaling 55 units, all with the same 1-bedroom/1-bath layout, supported by onsite laundry and dedicated storage.
The offering is presented as having strong occupancy with below market rents, which may support operational value.
For investors or operators seeking a multifamily acquisition, the property’s structure is straightforward: five buildings totaling 55 units, all with the same 1-bedroom/1-bath layout, supported by onsite laundry and dedicated storage.
Key Highlights
- 55‑unit apartment complex in Greensburg, Pennsylvania
- Built in 1962 on 2.4 acres with five residential buildings
- All units are 1 bed, 1 bath (55 total)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,916
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,358,320
$4.4M
Cap Rate 7%
$3,113,086
$3.1M
Cap Rate 9%
$2,421,289
$2.4M
Market Conditions
NOI Build-Up for 27,500 SF
Gross rent
$422.4K $15.36/SF
− Vacancy
−$26.2K −$0.95/SF
EGI
$396.2K $14.41/SF
− OpEx
−$178.3K −$6.48/SF
NOI
$217.9K $7.92/SF
Area
Westmoreland County, PA
Vacancy
6.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,358,320
Cap Rate 7%
$3,113,086
Cap Rate 9%
$2,421,289
Alternative Uses
Best Use
Apartment 5plus
$3.11M
$2.72M – $3.63M
NOI $217,916 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.00M
$6.13M – $8.17M
NOI $490,327 @ 7.0% cap · market cap 13.81%
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
55
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
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Business Placement
Demographics for 15601, PA
57,141
Population
25,978
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
80.6 sq mi
ZIP Area
709
Density / Sq Mi
$75,369
Median Household Income
$41,485
Median Earnings
$868
Median Rent
$209,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fifty-five 1-bed, 1-bath units across five residential buildings with onsite washers and dryers and storage lockers.
Where is this apartment building located?
The property is located at 827 Dornin St Greensburg, PA.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 55‑unit apartment complex in Greensburg, Pennsylvania; Built in 1962 on 2.4 acres with five residential buildings; All units are 1 bed, 1 bath (55 total)
