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Property profile & analytics
OFF-MARKET Estimated value $600,000
Apartment buildings

129 Grand Ave Mars, PA 16046-3410

0.16 ac lot
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-3205607
Property summary
AI-generated overview

This exceptional mixed-use property in Mars, Pennsylvania, presents a compelling investment opportunity. Located at 129 Grand Avenue, this two-story building boasts a prime corner lot on the main street, offering high visibility and accessibility. The main level features approximately 2,400 square feet of vacant commercial space, previously occupied by a pharmacy, now ready for a variety of businesses. Two separate street entrances enhance convenience and potential. A fully operational bakery occupies the rear of the ground floor. The basement provides ample storage and a powder room. Upstairs, two residential apartments generate additional income. One apartment includes two bedrooms, a full bath, and an updated kitchen; the other offers one-plus bedrooms, a full bath, a kitchen, and a bonus room. The property includes ten dedicated parking spaces, supplemented by adjacent public parking. All tenants maintain separate utility accounts. Roof access is available. This property benefits from its location in the thriving Mars Area School District, combining small-town charm with easy access to major highways. The building's 75% occupancy and stabilized investment status make it an attractive proposition. The asking price is $599,900. The total square footage ranges from 2,400 to 3,600 square feet. Low taxes further enhance the return on investment.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Lot 0.16 ac (6,970 SF)
APN 450 S2 B110000
UPID US73-3205607
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Michael William Porreca · 2 yrs held
Michael William Porreca
since 2024
Last sale
$600,000
4 recorded transactions
2025
Price N/A
2024
$599,901
2021
$600,000
2018
$285,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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