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421-423 Forest Avenue, 
Johnstown, PA 15902

$51,500


Bed


Bath


700

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Theresa Subich

Bhhs Preferred Johnstown

814-701-4084

Last updated:

June 24, 2026, 03:32 PM

MLS#

96041847

Source:

PA CSAR

About This Home

421-423 Forest Avenue

Sold AS IS and has great potential for rental income. list of all renovations made by seller. Sewer needs completed. 4-unit apartment building with new steps for new steps leading up to the second level. Each apartment has a sperate bedroom and eat-in kitchen/dining room and living room. Unit 4 is 70% complete. All new plumbing, new bathtub, new vanity, new toilet, and flooring. The apartment is wired with new electric panel and circuit breakers, boxes, and outlets. Original built in cabinets in the kitchen and the kitchen just needs a 36” base cabinet and sink. The remaining three apartments need new bathtubs, vanity, toilet, and flooring. The other 3 apartments need a 36” base cabinet and sink. The single-family home has a large covered front porch and needs new kitchen base cabinet/sink, and bathroom vanity, bathtub, and toilet. We are converting the heat in all the apartments to electric. This apartment is the template for all of the apartments. Licensed electrician who gave estimates for rewiring each apartment including the cost of electrical radiators. The other 3 apartments will cost $5000 each to rewire, and the single-family home is also $5000 to rewire. Three of the four apartments have new upgraded electric panels with breakers. All 4 apartments have a large, covered porch. The single-family home has upgraded electric panel and circuit breakers. All of the electric has been inspected and approved. The potential monthly rental income for both buildings is $3500-$3800 The after-repair value is between $175,000 and $185,000. Both buildings have basements that are completely dry with no water damage. The 4-unit apartment building has a basement that is large enough to add 2 more 1-bedroom apartments

Home Facts

Multi-Family

Price Summary

51,500

$73 per Sq. Ft.

MLS #:

96041847

Last Updated:

June 24, 2026, 03:32 PM

Added:

18 day(s) ago


Rooms & Interior

Interior

Living Area:

700 Sq. Ft.


Structure

Structure

Building Area:

700 Sq. Ft.


Lot

Lot Size (Sq. Ft):

4,800


Finances & Disclosures

Finances

Price:

$51,500

Price per Sq. Ft:

$73 per Sq. Ft.

Source:PA CSAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.