Slippery Rock Apartments 278 Cameron Dr 222 Unit Apartment Building For Sale Slippery Rock, PA 16057

SVN | Three Rivers Commercial Advisors is pleased to present the opportunity to acquire a five-property, 222-unit multifamily portfolio located in Slippery Rock, Pennsylvania.
The portfolio includes the following assets:
Pine Glen Apartments – 158 two-bedroom units. Each apartment is fully electric and heated with baseboard electric systems.
Martha Rose Apartments – 18 units, consisting of 12 three-bedroom and 6 one-bedroom apartments.
Thunderbird Apartments – 16 one-bedroom units, located adjacent to Martha Rose Apartments.
The Colonies Townhomes – 18 townhome units, including 4 two-bedroom and 14 three-bedroom residences.
Bernard Apartments – A mix of 12 units comprising 5 efficiencies, 2 three-bedroom units, 1 two-bedroom apartment, and 4 two-bedroom townhomes.
All properties feature ample on-site parking for residents and guests and are conveniently situated within the Slippery Rock market.
VALUE-ADD OPPORTUNITY: Current ownership has not fully aligned rents with prevailing market rates in Slippery Rock. By transitioning all units from a mix of semester and annual leases to exclusively annual leases, ownership can stabilize occupancy and significantly increase revenue. With 62% of leases already on annual terms, converting the remaining units and aligning all rents with current achieved levels would generate an estimated $375,000 in additional gross income annually.
PRIME LOCATION: All properties are located within walking distance to Slippery Rock University, a public university with over 8,500 students. SRU is located about 1 hour north of Pittsburgh, PA and the facility has great access to major highways. The properties are also close to national and local retailers on and around the SRU campus.
STUDENT BODY: As of Fall 2025, Slippery Rock University enrolled 8,625 students marking its fourth consecutive year of enrollment growth and the most significant enrollment increase year-over-year (2.75%) since 2016. There are 1,549 full-time, first-year undergraduate students, which is the largest freshman cohort at SRU since 2019.
FIRST TIME OFFERING OF A FAMILY-OWNED ASSET: Slippery Rock Apartments has been family owned and operated since 1987 and is being offered for sale for the first time, presenting a rare opportunity to acquire a long held, well-maintained asset in a proven university market.