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


Mount Pleasant, PA 15666
$650,000 USD
412-654-0520
121-123 S Quarry st, Mount Pleasant, PA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/5
null | 6.47% Cap Rate

121-123 S Quarry st
Mount Pleasant, PA 15666


HIGHLIGHTS

  • Strong In-Place Cash Flow with Value-Add Upside
  • Current NOI of $42,073 with a projected Pro Forma NOI of $56,473, offering a clear path to increased returns through mark-to-market rent adjustments
  • 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

SVN Three Rivers Commercial Advisors is pleased to present 121-123 South Quarry St for sale. This approximately 10,000 SF property sits on a 0.28-acre parcel and features a unit mix of (8) two-bedrooms and (4) 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 $56,473. 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

6.47%

% 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

Ben ShermanSVN | Three Rivers Commercial AdvisorsMore Info
412-654-0520

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Ben ShermanSVN | Three Rivers Commercial AdvisorsMore Info
412-654-0520

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