150 N Main St - Apartments FOR SALE


Mansfield, PA 16933
$3,200,000 USD
570-323-1100
150 N Main St, Mansfield, PA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

150 N Main St
Mansfield, PA 16933


HIGHLIGHTS

  • Compelling Investment Fundamentals
  • • Strong Occupancy: 93% leased with diversified tenant demand
  • • Desirable Floor Plans: Large 3- and 4-bedroom units ideal for roommate-style living
  • • Turnkey Infrastructure: Operational office, leasing center, and maintenance on-site
  • • Natural Demand Drivers: University, outdoor recreation, and regional employment hubs

OVERVIEW

Investment Opportunity: The Commons at Mansfield Premier Student & Workforce Housing | Mansfield, PA The Commons at Mansfield is a professionally managed, high-performing multifamily community comprising 47 rentable units across two attractive three-story buildings. Originally developed as 48 units, one unit has been thoughtfully converted into a centralized amenity and operations hub—housing the leasing office, resident lounge, maintenance shop, and Service Manager’s office. Currently 97% occupied, the property delivers strong in-place cash flow and features an optimal unit mix of spacious 3- and 4-bedroom floor plans. Each residence is outfitted with central A/C, in-unit washer/dryer, sub-metered electric, and a full suite of appliances including refrigerator, stove, built-in microwave, and dishwasher—ensuring a modern and convenient living experience. Strategic Location with Unique Lifestyle Appeal Positioned in the heart of Tioga County, Commons at Mansfield sits just minutes from Mansfield University, making it a natural fit for students, staff, and workforce tenants alike. This vibrant community is nestled at the edge of the renowned Pennsylvania Wilds, offering unrivaled access to scenic destinations, including: • The Pine Creek Rail Trail • Thousands of acres of state forests • Endless opportunities for hiking, fishing, and outdoor recreation Located just one mile from US-15 and near the New York border, the property enjoys excellent regional connectivity, appealing to commuters working in northern Pennsylvania and southern New York. Walkable Convenience Meets Rural Tranquility Directly across the street, residents enjoy walkable access to CVS, Dollar General, and a state liquor store, with Walmart, McDonald’s, and other major retailers just minutes away. The setting strikes a rare balance: peaceful small-town living paired with access to modern amenities and daily conveniences. Compelling Investment Fundamentals • Strong Occupancy: 97% leased with diversified tenant demand • Desirable Floor Plans: Large 3- and 4-bedroom units ideal for roommate-style living • Turnkey Infrastructure: Operational office, leasing center, and maintenance on-site • Natural Demand Drivers: University, outdoor recreation, and regional employment hubs Financials Available Upon Request To access full financials, a Confidentiality Agreement is required. Contact us today to learn more about this rare opportunity to acquire a stabilized asset in a high-barrier, high-demand market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$20 USD /SF

# OF UNITS

47

PRICE/UNIT

$68,085

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commons At Mansfield

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

155

LAND DETAILS

LAND ACRES

3.84 AC

LAND SF

167,270 SF

ZONING

R-3, B-2

APN/PARCEL ID

23-03000-002,23-03000-003

ASK ABOUT THIS PROPERTY

Michael BradleyMericle Commercial Real Estate Services PropertiesMore Info
570-323-1100

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Michael BradleyMericle Commercial Real Estate Services PropertiesMore Info
570-323-1100

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