Log In/Sign Up
Your email has been sent.
108 Oak Dr 4 Unit Apartment Building $649,500 ($162,375/Unit) 7.37% Cap Rate Saxonburg, PA 16056
Investment Highlights
- 1.6 acres with room for future expansion.
Executive Summary
1.6 acres with room for future expansion, well-maintained Brick 4-unit investment property offers a blend of peaceful rural living + proximity to everyday conveniences. Located at the base of the Glenn Forest Community surrounded by newer $350,000–$700,000 homes this property benefits from a strong rental environment and long-term tenant appeal. Just minutes from local shops, dining, gas, Knoch Schools (South Butler), the location is both quiet and practical. Each unit features 2bdrms, large closets, generous living areas, a kitchen, full bath, multiple closets. Tenants enjoy exceptionally low utility costs thanks to a $100,000 geothermal HVAC system, long-term occupancy. Highlights include 12 paved off-street parking, outdoor patios or decks with front and rear entrances, motion-sensor lighting, on-site commercial laundry, upgraded appliances, newer carpeting, and two dedicated storage units. A solid, efficient property with upside potential—ideal for investors seeking stability and growth.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$59,220
|
$14.81
|
| Other Income |
$2,100
|
$0.53
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,320
|
$15.33
|
| Taxes |
$4,899
|
$1.22
|
| Operating Expenses |
$5,833
|
$1.46
|
| Total Expenses |
$10,732
|
$2.68
|
| Net Operating Income |
$50,588
|
$12.65
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $59,220 |
| Annual Per SF | $14.81 |
| Other Income | |
|---|---|
| Annual | $2,100 |
| Annual Per SF | $0.53 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,320 |
| Annual Per SF | $15.33 |
| Taxes | |
|---|---|
| Annual | $4,899 |
| Annual Per SF | $1.22 |
| Operating Expenses | |
|---|---|
| Annual | $5,833 |
| Annual Per SF | $1.46 |
| Total Expenses | |
|---|---|
| Annual | $10,732 |
| Annual Per SF | $2.68 |
| Net Operating Income | |
|---|---|
| Annual | $50,588 |
| Annual Per SF | $12.65 |
Property Facts
| Price | $649,500 | Building Class | C |
| Price Per Unit | $162,375 | Lot Size | 1.23 AC |
| Sale Type | Investment | Building Size | 3,770 SF |
| Cap Rate | 7.37% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 3.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MUL - Multifamily | ||
| Price | $649,500 |
| Price Per Unit | $162,375 |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 3,770 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 3.18/1,000 SF |
| Zoning | MUL - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 190-S7-CA-0000 | Total Assessment | $40,680 |
| Land Assessment | $3,870 | Annual Taxes | $4,899 ($1.30/SF) |
| Improvements Assessment | $36,810 | Tax Year | 2026 |
Property Taxes
Parcel Number
190-S7-CA-0000
Land Assessment
$3,870
Improvements Assessment
$36,810
Total Assessment
$40,680
Annual Taxes
$4,899 ($1.30/SF)
Tax Year
2026
Contacts
-
Sharon Scheidemantle -
Fred Solman -
Berkshire Hathaway HomeServices Preferred Realty
1 of 41
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
108 Oak Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.