Blair County · Altoona
Sell Your Commercial Property In Altoona, PA
We are an active buyer of Altoona commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Altoona · Logan Township · Eldorado · Hollidaysburg — Blair County, PA
Market Snapshot
Renter Demand In Altoona
Altoona is a Blair County city of 43,196 residents, per ACS 2020-2024 estimates. Renters head 6,786 households, or 36.1% of occupied homes. Owners who plan to sell commercial property in Altoona, PA face a 2026 combined tax rate of 19.5623 mills. Median gross rent is $819 a month, and 90.9% of Altoona homes were built before 1980. UPMC Altoona, Penn State Altoona and Norfolk Southern's Juniata Locomotive Shop anchor local employment across Blair County. Rental vacancy in Altoona is 7.4%.
UPMC Altoona
UPMC Altoona has 390 beds and nearly 3,000 employees, which makes it Blair County's largest employer.Penn State Altoona
Penn State Altoona enrolled 2,280 undergraduate students in fall 2025 at its Ivyside Park campus in Altoona.Juniata Locomotive Shop
Norfolk Southern's Juniata Locomotive Shop in Altoona employs about 430 railroaders on a 70-acre complex, per a 2023 report.Our Buy Box
What We Buy In Altoona
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Altoona Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Altoona
Renters occupy 36.1% of Altoona's 18,777 occupied homes, per ACS 2020-2024 tenure data. Buildings with five or more units hold 12.3% of Altoona's 21,295 housing units. Homes built before 1980 make up 90.9% of the housing stock, and the median year built is 1944.
Rents and affordability in Altoona
Altoona's median gross rent is $819 a month (ACS 2020-2024). That is $390 below the Pennsylvania median of $1,209. Rent takes 30% or more of income for 45.8% of Altoona renter households. Rental vacancy in Altoona is 7.4%.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $805 |
| One-bedroom | $959 |
| Two-bedroom | $1,151 |
| Three-bedroom | $1,477 |
| Four-bedroom | $1,708 |
These Altoona, PA MSA fair market rents took effect October 1, 2026. HUD's two-bedroom figure sits $332 above Altoona's median rent, a spread that shapes pricing for owners who sell commercial real estate in Altoona, PA.
Property taxes in Blair County
Altoona's 2026 combined rate is 19.5623 mills, per Blair County's 2026 millage table. That is 5.133 county, 7.1290 city and 7.3003 Altoona Area School District mills. Blair County's common level ratio factor is 1.28 for July 2026 to June 2027, per Pennsylvania's Revenue Department. Applying it, a $2,000,000 sale price implies about $1,562,500 assessed and $30,566 in yearly tax.
Blair County hears assessment appeals filed by August 1, with results effective January 1 of the next year.
A deed to sell commercial property in Altoona, PA carries a 2% total realty transfer tax. That is 1% state plus 1% split between the City of Altoona and the Altoona Area School District, or $40,000 on a $2,000,000 sale.
Landlord rules in Altoona
Altoona requires owners of rented or non-owner-occupied dwelling units to hold a Conditional Housing Permit, renewed by July 31 each year. Units are inspected about every three years under the International Property Maintenance Code.
Pennsylvania caps deposits at two months' rent in year one and one month after, under 68 P.S. 250.511a (FindLaw). A notice to quit for unpaid rent gives ten days, under 68 P.S. 250.501 (FindLaw).
What it means for an Altoona owner
Owners who sell commercial property in Altoona, PA should budget for 19.5623 mills of annual tax and a 2% transfer tax. Skyline Capital Investments buys 5+ unit apartment buildings, so you can sell your apartment building in Altoona without listing it. UPMC Altoona's nearly 3,000 employees keep renter demand steady. Test your numbers with our cap rate calculator.
Good To Know
Pricing Your Building In Altoona
More about selling in Pennsylvania →Investing in Altoona? See apartment syndications in Altoona →
- For owners selling commercial property in Altoona, Altoona Area School District millage is 7.3003 in 2026.
- Deeds from owners who sell commercial real estate in Altoona, PA carry a 2% realty transfer tax.
- Blair County accepts assessment appeals every year when filed by August 1, effective the following January 1.
Seller Guides
Your Situation, Handled — Altoona
Learn More
Taxes & Rules For Altoona Property
The Pennsylvania rules that shape any deal in Altoona: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Altoona Seller FAQ
What taxes apply when I sell commercial property in Altoona, PA?
An Altoona deed carries a 2% realty transfer tax: 1% to the state and 1% split between the City of Altoona and the Altoona Area School District. On a $2,000,000 sale that totals $40,000. Annual property tax for 2026 is 19.5623 mills of assessed value.
How do Altoona rents compare with HUD fair market rents?
Median gross rent in Altoona is $819 a month, per ACS 2020-2024 estimates. HUD's FY2027 fair market rent for a two-bedroom in the Altoona, PA MSA is $1,151. Rent takes 30% or more of income for 45.8% of Altoona renter households.
Is there buyer demand if I sell commercial real estate in Altoona, PA?
Altoona has 6,786 renter households, 36.1% of occupied homes, per ACS 2020-2024. UPMC Altoona's nearly 3,000 employees and Penn State Altoona's 2,280 undergraduates support owners who sell multifamily property in Altoona. Buildings with five or more units hold 12.3% of housing units.
Do I need a rental permit for an Altoona apartment building?
Yes. Altoona requires owners of rented or non-owner-occupied dwelling units to hold a Conditional Housing Permit, renewed by July 31 each year. Units are inspected about every three years, and a passing unit then receives a Residential Rental Unit License.
How does the Blair County common level ratio change my tax estimate?
Pennsylvania's Revenue Department sets Blair County's common level ratio factor at 1.28 from July 1, 2026 to June 30, 2027. Dividing a $2,000,000 price by 1.28 gives about $1,562,500 assessed. At 19.5623 mills, Altoona's yearly tax would be about $30,566.
Do I need to fix up my Altoona building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Altoona brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Altoona, and we keep every conversation confidential.
Can I sell rental property in Altoona with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Altoona?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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