Listing Agency: Sander Land & Home Realty S***@gmail.com Show Phone

Listed By: Katherine Dennis Show Phone

Source: Exprealty

Added: Oct 22 Changed: Oct 27 Last Checked: Oct 27 at 4:17AM

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Investment Insights

Based on property information with market context.

This duplex contains two separate residences arranged on different floors. The upper apartment has one bedroom and an open floor plan; the lower unit includes three bedrooms and more than 1,000 square feet of living area. The building totals 1,678 square feet, and both units are occupied.

The property sits on a double lot at 95 S Main St in Union City, Pennsylvania. The site may accommodate future improvements, including a garage, as described in the property information.

Key Highlights

• Two separate residential units, both occupied
• Upper apartment has 1 bedroom and an open floor plan
• Lower apartment offers 3 bedrooms and more than 1,000 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,313

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$206,260 $206.3K

Cap Rate 7%

$147,329 $147.3K

Cap Rate 9%

$114,589 $114.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,678 SF

Gross rent

$19.5K $11.64/SF

− Vacancy

−$781 −$0.47/SF

EGI

$18.8K $11.17/SF

− OpEx

−$8.4K −$5.03/SF

NOI

$10.3K $6.15/SF

Area

Erie County, PA

Vacancy

4.00%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$206,260

Cap Rate 7%

$147,329

Cap Rate 9%

$114,589

Alternative Uses

Best Use

Multifamily LT 5

$164.7K

$144.1K – $192.1K (±1% cap)

NOI $11,526 @ 7.0% cap · market cap 9.61%

Second Best

Apartment 5plus

$147.3K

$128.9K – $171.9K (±1% cap)

NOI $10,313 @ 7.0% cap · market cap 8.59%

Theoretical Best

Office A

$416.3K

$364.3K – $485.7K (±1% cap)

NOI $29,141 @ 7.0% cap · market cap 24.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

196

Businesses Nearby

Explore this area Business Placement

Demographics for 16438, PA

7,504

Population

4,146

Households

1.8

Avg Household Size

44

Median Age

17%

College-Educated

90%

High-School Grad

102.4 sq mi

ZIP Area

73

Density / Sq Mi

$60,559

Median Household Income

$35,208

Median Earnings

$743

Median Rent

$134,400

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?

Duplex - Both residences are occupied, with one- and three-bedroom layouts across separate floors.

Where is this duplex located?

The property is located at 95 S Main St Union City, PA.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: Two separate residential units, both occupied; Upper apartment has 1 bedroom and an open floor plan; Lower apartment offers 3 bedrooms and more than 1,000 square feet