Stabilized Multifamily Income with
Virginia Ave. Ext Masontown, PA 15461
Virginia Ave. Ext, Masontown, PA, 15461
$840,000
For Sale
$840,000
COMMERCIAL - Masontown, PA
Property Size4,800 SF
Lot Size39.89 Acres
Price / SF$175
Days on Market76
Property Features for Virginia Ave. Ext
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 21-01-0009
- Lot size
- 39.89 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8166
Utilities
- Water source
- Public
Listing Agency
WHITETAIL PROPERTIES REAL ESTATE LLC (PA)
(217) 285-9000
121 S. Madison Ave., Pittsfield, PA
Listed by
Jack Brown
(217) 285-9000
Added: May 6 Checked: Jul 20 at 11:06 am
MLS# 11800123
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering features fifteen fully occupied rental units with ongoing rental income. The residential income portfolio is spread across multiple structure types, including single-family homes, a duplex, and a multi-family building, with all units connected to public utilities. The property also includes a commanding historic Pennsylvania bank barn with approximately 4,800 square feet of interior space, positioned as the centerpiece of the overall asset.
The property sits along a paved road and is described as being located within the Albert Gallatin School District. Public remarks note walkability to Albert Gallatin Elementary School and the Masontown Volunteer Fire Department.
Outside, the site includes open pasture and hay ground across 39.89 acres, described as suitable for agricultural production. Showings are by appointment only, and all prospective buyers must be accompanied by a licensed real estate agent. Contact the listing agent to request the full rent roll and income documentation and to schedule a private tour.
The property sits along a paved road and is described as being located within the Albert Gallatin School District. Public remarks note walkability to Albert Gallatin Elementary School and the Masontown Volunteer Fire Department.
Outside, the site includes open pasture and hay ground across 39.89 acres, described as suitable for agricultural production. Showings are by appointment only, and all prospective buyers must be accompanied by a licensed real estate agent. Contact the listing agent to request the full rent roll and income documentation and to schedule a private tour.
Key Highlights
- Fully occupied multi‑unit investment portfolio in Masontown Borough with 15 total rental units generating income
- Tenanted mix includes single‑family homes, a duplex, and a multi‑family building
- All units are serviced by public utilities and located along a paved road
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $15.96 |
| − Vacancy | −$5.2k | −$1.09 |
| EGI | $71.4k | $14.87 |
| − OpEx | −$32.1k | −$6.69 |
| NOI | $39.3k | $8.18 |
4,800 SF · lease $15.96/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,269 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fifteen fully occupied rental units paired with a historic Pennsylvania bank barn and open pasture/hay ground.
Where is this apartment building located?
The property is located at Virginia Ave. Ext Masontown, PA.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Fully occupied multi‑unit investment portfolio in Masontown Borough with 15 total rental units generating income; Tenanted mix includes single‑family homes, a duplex, and a multi‑family building; All units are serviced by public utilities and located along a paved road
