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Property profile & analytics
OFF-MARKET
Apartment buildings
216 1St St Ellwood City, PA 16117
Entity Owned
Property ID
US73-3164569
Property summary
AI-generated overview
This seven-unit apartment building at 216 1st Street, Ellwood City, Pennsylvania, 16117, presents a compelling value-add opportunity. Built in 1972, this brick structure sits on a 0.07-acre lot and offers seven parking spaces. Currently zoned C-1, the property boasts a potential gross annual income exceeding $78,900. However, prospective buyers should be aware of necessary repairs and renovations. These include roof repair, a new heating system for four units, lead mitigation in one unit, and turnover work in four units. The property is being sold as-is. Utilities available include electricity, gas, sewer, and water. Seven on-site parking spaces are provided. The building's potential after repair value (ARV) is estimated to be over $600,000. This property is an excellent choice for investors seeking a hands-on project with significant upside potential. The asking price is $299,000. Serious inquiries only.
Property profile
Verified
Property type
Apartment buildings
Year built
1972
Lot
0.07 ac (3,049 SF)
UPID
US73-3164569
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stingray Developments LLC
Stingray Developments LLC
since 2025
Last sale
$315,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ellwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellwood City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Status
Off-Market
Year built
1972
Lot
0.07 ac (3,049 SF)
UPID
US73-3164569
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Lot
0.07 ac
Current owner
From public records · entity-resolved
Stingray Developments LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
$315,000
Stingray Developments LLC
Stepping Star Real Estate LLC
Deed
$360,000 · Infirst Bnk
Jun 8, 2022
—
Stepping Star Real Estate LLC
—
Deed
related
$106,000 · Infirst Bnk
May 12, 2022
$140,000
Stepping Star Real Estate LLC
Paul Honneffer
Deed
$138,000 · Infirst Bnk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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