$1,212,000
SOLD FEB 28, 2025

302 15th St Franklin, PA 16323

-- Bed
-- Bath
-- Sq Ft
0.52 Acres

Recently Sold

28% Below List Price

239 Days on Market

About This Home

As of February 2025

Take advantage of this rare opportunity to own this fabulous 20 unit building and add this to your portfolio. This well built BRICK property is constructed with 18 2-bedrooms and 2 1-bedrooms divided up into 4 sections. Terrace Garden Apartments come with a rich history of being fully occupied with long term residents and a waiting list! The units are consistent in layout and finishes with the galley kitchen: fully furnished, dining area, living room, and plenty of closets. The basement houses the coin operated laundry and each unit has their own storage area. There is extra storage outside along with terraces and patios! The common parking lot has an assigned space for each unit but there is plenty of parking on 15th and Elk streets. Tenant pays electric while owner pays water, sewage, trash. So many improvements since 2019 including: new electric boxes in each unit, exterior LED lights, commercial washer/dryer, resealed parking lot, LED hallway light fixtures.

Last Agent to Sell the Property

Amy Logan

RE/MAX SELECT REALTY License #RS214822L Listed on: 07/03/2024

Last Buyer's Agent

Agent Non-MLS

Outside Offices NOT Subscribers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,770

Year Built

  • Built in 1986

Parking

  • 21 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • Basement Fills Entire Space Under The House
  • 0.52 Acre Lot

Community Details

Overview

  • 20 Units

Building Details

  • Insurance Expense $7,465
  • Maintenance Expense $6,000
  • Gross Income $173,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,770

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Municipality: City of Franklin
  • Property Sub Type: Other
  • Property Type: Residential Income
  • Lot Size Acres: 0.52
  • Lot Size: 146x146+/-
  • Year Built: 1986
  • Property Sub Type Additional: Other
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Street
  • Total Parking Spaces: 21.0

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Annual Utilities Expense: 33000.0

Schools

  • Junior High Dist: Franklin

Lot Info

  • Zoning: C
  • Zoning Description: C
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 20
  • Annual Gross Income: 173280.0
  • Insurance Expense: 7465.0
  • Maintenance Expense: 6000.0

Tax Info

  • Tax Annual Amount: 14770.0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Price Changed $1,495 +25.2% $2 / Sq Ft
06/11/2025 06/11/25 Price Changed $1,194 -0.1% $1 / Sq Ft
05/29/2025 05/29/25 Price Changed $1,195 +9.3% $1 / Sq Ft
05/27/2025 05/27/25 Price Changed $1,093 -0.2% $1 / Sq Ft
05/26/2025 05/26/25 Price Changed $1,095 -8.4% $1 / Sq Ft
05/23/2025 05/23/25 Price Changed $1,195 -7.7% $1 / Sq Ft
05/22/2025 05/22/25 Price Changed $1,295 +8.4% $1 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,195 -7.7% $1 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,295 +0.4% $1 / Sq Ft
05/16/2025 05/16/25 Price Changed $1,290 -0.4% $1 / Sq Ft
05/11/2025 05/11/25 For Rent $1,295 0.0% --
02/28/2025 02/28/25 Sold $1,212,000 -18.9% --
10/03/2024 10/03/24 Price Changed $1,495,000 -10.7% --
07/03/2024 07/03/24 For Sale $1,675,000 -- --
Source: West Penn Multi-List

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: West Penn Multi-List

MLS Number: 1661300

West Penn Multi-List