121-123 S Quarry st - Multi-Family FOR SALE


Mount Pleasant, PA 15666
$650,000 USD
215-302-4400
121-123 S Quarry st, Mount Pleasant, PA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/5
null | 6.7% Cap Rate

121-123 S Quarry st
Mount Pleasant, PA 15666


HIGHLIGHTS

  • Strong In-Place Cash Flow with Value-Add Upside: : Current NOI of $43,579 with a projected Pro Forma NOI of $55,507.
  • Legacy Tenants: Fully stabilized with many long-term tenants in place.
  • Below-Market Rents with Mark-to-Market Opportunity: Residential rents averaging $617/month currently, with pro forma projections of $710/month.
  • Major Capex Completed: Both front roofs replaced and the parking lot resealed in 2025. Full renovation of one apartment as well.

OVERVIEW

SCOPE Commercial Real Estate Services "SCOPE" is pleased to present the marketing and valuation strategy for 123 S Quarry St, a 12-unit multifamily asset located in Mount Pleasant, PA. The approximately 10,000-square-foot property sits on a 0.28-acre parcel and features a unit mix of eight two-bedroom and four one-bedroom apartments. The asset is fully stabilized with long-term tenants and strong in-place cash flow, generating a current NOI of $43,579 with a projected Pro Forma NOI of $55,507. Current average rents of $617 per month are below market, providing a clear value-add opportunity through mark-to-market rent increases to approximately $710 per month. Recent capital improvements include the replacement of both front roofs and parking lot resealing in 2025, as well as a full renovation of one apartment unit, minimizing near-term capital expenditure needs and offering investors a stable, income-producing asset with upside potential.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

12

PRICE/UNIT

$54,167

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

21-01-14-0-268

ASK ABOUT THIS PROPERTY

Chris ParkeSCOPEMore Info
215-302-4400

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Chris ParkeSCOPEMore Info
215-302-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.