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28 Unit Mixed-Use Investment Opportunity 980-998 Jefferson Ave 28 Unit Apartment Building $2,200,000 ($78,571/Unit) 7.09% Cap Rate Washington, PA 15301
Investment Highlights
- 89% occupied, providing in-place cash flow with additional upside through lease-up
- Value-add potential through interior renovations, rent optimization, and operational efficiencies
- On-site surface parking with additional 100+ free spaces adjacent to the property
- 4 Commercial and 24 Residential Tenants
- The property has undergone or is positioned for ongoing capital improvements to enhance operating performance and curb appeal
- Positioned along a well-traveled thoroughfare with traffic counts exceeding 24,000 vehicles per day, offering strong exposure for retail tenants
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present this investment opportunity at 980–998 Jefferson Ave in Washington, PA, 15301 a well-located, mid-century multi-family and retail asset with strong visibility and redevelopment potential in the heart of Washington’s commercial corridor.
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $78,571 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 33,615 SF |
| Cap Rate | 7.09% | Average Occupancy | 89% |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | GB - General Business | ||
| Price | $2,200,000 |
| Price Per Unit | $78,571 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 33,615 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | GB - General Business |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Detector
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 7700180001001400 | Improvements Assessment | $855,000 |
| Land Assessment | $95,000 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
7700180001001400
Land Assessment
$95,000
Improvements Assessment
$855,000
Total Assessment
$950,000
(412) 535-8062
x1006
Contacts
-
Andreas Kamouyerou -
Michael Kamouyerou -
SVN - Three Rivers Commercial Advisors
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28 Unit Mixed-Use Investment Opportunity | 980-998 Jefferson Ave
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