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    112 College Ave Greensburg, PA 15601

    For Sale
    $4,750,000

    Prime Student Housing, High Occupancy

    Property size:
    41,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity consists of two student housing properties in Greensburg, Pennsylvania, totaling 36 units and 41,600 square feet. The portfolio includes 112 College Ave, a 27-unit, 32,000 square foot building constructed in 2018 and currently 100% occupied. This building is in excellent condition. The second property, located at 13 N Maple Ave, comprises 8 units and presents a value-add opportunity through potential renovations and rent increases. Both properties benefit from a desirable location near three universities, ensuring strong rental demand. The asking price is $4,750,000, representing a price per square foot of $126.20 and a 6.10% cap rate. The properties are offered as a 1031 exchange opportunity. Built in 2018, the portfolio offers a blend of immediate income generation and future upside potential. The properties are classified as Class B multifamily and are situated in Westmoreland County, PA, zip code 15601.

    Property Features for 112 College Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    41,600 SF
    Class
    B

    Building Details

    Year Built
    2018
    Buildings
    2
    Units
    36

    HighLights

    • $4,750,000 asking price for a portfolio of two student housing properties.
    • Multifamily property totaling 36 units and 41,600 square feet.
    • Class B construction, built in 2018, with two buildings.
    • Located in Greensburg, PA, near three universities.
    • Excellent condition, with one building 100% occupied; the other offers value‑add potential.
    • 6.10% cap rate and $126.20 price per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensburg
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.5478091
    Latitude
    40.3033677

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    FAQs

    What type of property is this?
    Multifamily property - Prime Student Housing, High Occupancy
    Where is this multifamily property located?
    The property is located at 112 College Ave Greensburg, PA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: $4,750,000 asking price for a portfolio of two student housing properties.; Multifamily property totaling 36 units and 41,600 square feet.; Class B construction, built in 2018, with two buildings.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 College Ave Greensburg, PA 15601
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