This multi-family property in Center City, Altoona features approximately 2,700 sqft and 4 bedrooms across two units. Based on local comps and current market averages, the total monthly rent potential ranges from $1,950 to $2,400, with the lower end reflecting average 2BR unit rents and the upper end assuming moderate renovations and competitive pricing. Estimated gross annual revenue is $23.4K to $28.8K. With a list price of $36.9K, the payback period is impressively short—roughly 1.5 years at max projected rent, making this a standout value. The rental market here is warm, with demand trending upward and rents rising nearly 8% year-over-year[1][3][4][10]. Proximity to schools and downtown amenities boosts appeal, but current “handyman” condition may slow immediate cash flow until units are updated.

To maximize rental income, focus on unit renovations—fresh paint, updated kitchens/baths, and improved lighting can quickly raise rent ceilings. Consider adding laundry in-unit or enhancing security features to stand out in Altoona’s competitive multi-family market. If selling, market the property’s strong cash flow potential and short payback period to attract investors looking for high-yield opportunities. Maintain flexibility in pricing until upgrades are complete to entice quality tenants.