121 South Quarry Street

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Address: 121 S Quarry St, Mt Pleasant, PA 15666, USA
New York & Tri-State + Apartment Buildings
Created date: June 17, 2026
Date last updated: September 29, 2026
Price: $600,000Investment Analyzer NEW!
  • 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.

Property Description

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 $42,073 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.
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Broker Details

Ben Sherman
Ben Sherman

SVN | Three Rivers Commercial Advisors 412-654-0520

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $600,000
No. of Units: 12
Year Built: 1978
Lot Size: 0.28 Acres
Opportunity Zone: No
Price per unit: $50,000
Property Website Click Here
Address: 121 South Quarry Street, Mount Pleasant, PA 15666, USA
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