Turn-key college rental opportunity in the heart of Slippery Rock! This unique room-rental property has successfully operated for over a decade serving students attending Slippery Rock University. Located in a vibrant college town known for its walkable campus and strong student demand, this well-maintained property offers 8 individually rented bedrooms, each with different rental rates to maximize income potential. Each private room is fully furnished with a bed, dresser, desk, storage shelving, and personal refrigerator, providing students with a comfortable and convenient living space. Tenants share common areas including a full kitchen, coin-operated laundry, and two full bathrooms. The home also features auto-locking doors for added security and a cooperative household system where residents share chore responsibilities. Major mechanical updates include a newer high-efficiency furnace, updated hot water tank, and upgraded 200-amp electrical service, contributing to reliable and efficient operation. Outdoor amenities include a large spacious backyard, perfect for spring and summer enjoyment, along with picnic tables and patio chairs where students can relax or study outdoors. The property also offers private off-street parking for tenants, a valuable feature in a busy college area. Conveniently located near campus, local shops, dining, and community events that make Slippery Rock a thriving college town, conveniently across the street from Dollar General. This property presents a rare opportunity to own an established student housing investment with a long history of occupancy.
For sale
Price cut: $19.9K (8/14)
$349,999
323 Franklin St, Slippery Rock, PA 16057
8beds
--baths
--sqft
Multi Family
Built in 1900
-- sqft lot
$341,300 Zestimate®
$--/sqft
$-- HOA
What's special
Full kitchenPrivate off-street parkingCoin-operated laundry
- 219 days
- 185
- 8
Zillow last checked:
Listing updated:
Listed by:
Francesca Ferrara 724-654-5589,
CASTLE REALTY 724-654-5589
Source: WPMLS,MLS#: 1742677
Originating MLS: West Penn Multi-List
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Features
- Basement: Walk-Out Access
Property
Parking
- Parking features: Assigned, Off Street
Lot
- Size: 0.35 Acres
- Dimensions: 0.3528
Details
- Parcel number: 510S2540000
- Zoning: C-2
- Zoning description: C-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Slate
Condition
- Year built: 1900
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Location
- Region: Slippery Rock
Financial & listing details
- Tax assessed value: $14,320
- Annual tax amount: $2,298
- Date on market: 3/7/2026
- Electric utility on property: Yes
Estimated market value
$341,300
$324,000 - $358,000
$773/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $349,999-5.4% |
Source: | ||
| 3/7/2026 | Listed for sale | $369,900+12.1% |
Source: | ||
| 2/6/2026 | Listing removed | $329,900 |
Source: BHHS broker feed #1697273 Report a problem | ||
| 4/19/2025 | Listed for sale | $329,900-3% |
Source: | ||
| 4/6/2025 | Listing removed | $340,000 |
Source: BHHS broker feed #1656573 Report a problem | ||
| 7/27/2024 | Price change | $340,000-7.9% |
Source: | ||
| 7/22/2024 | Price change | $369,000-1.3% |
Source: | ||
| 6/5/2024 | Listed for sale | $374,000-4.1% |
Source: | ||
| 5/8/2024 | Listing removed | $389,900 |
Source: BHHS broker feed #1630261 Report a problem | ||
| 10/26/2023 | Listed for sale | $389,900+8.3% |
Source: | ||
| 2/21/2023 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 12/14/2021 | Price change | $360,000-1.4% |
Source: | ||
| 8/21/2021 | Listed for sale | $365,000-1.3% |
Source: | ||
| 1/25/2020 | Listing removed | $369,900 |
Source: Howard Hanna - Grove City #1384601 Report a problem | ||
| 3/14/2019 | Listed for sale | $369,900 |
Source: HOWARD HANNA GROVE CITY OFFICE #1384601 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,331 +1.4% | $14,320 |
| 2024 | $2,298 +2.4% | $14,320 |
| 2023 | $2,245 +3.3% | $14,320 |
| 2022 | $2,173 | $14,320 |
| 2021 | $2,173 | $14,320 |
| 2020 | $2,173 +52.1% | $14,320 |
| 2019 | $1,429 -33.4% | $14,320 |
| 2018 | $2,145 +188.1% | $14,320 |
| 2017 | $745 -4.5% | $14,320 |
| 2016 | $780 +168.6% | $14,320 |
| 2015 | $290 | $14,320 |
| 2014 | $290 | $14,320 |
| 2013 | $290 +5.1% | $14,320 |
| 2012 | $276 | $14,320 |
| 2011 | $276 | $14,320 |
| 2010 | $276 | $14,320 |
| 2009 | $276 +5% | $14,320 +33.3% |
| 2008 | $263 +11.1% | $10,741 |
| 2007 | $237 -59.2% | $10,741 |
| 2005 | $580 -44.4% | $10,741 |
| 2004 | $1,043 +140.7% | $10,741 +22.7% |
| 2003 | $433 +10% | $8,753 |
| 2002 | $394 +7.1% | $8,753 |
| 2000 | $368 +10.5% | $8,753 |
| 1999 | $333 | $8,753 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 16057
Nearby schools
Schools provided by the listing agent
- District: Slippery Rock Area
Source: WPMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






