The Grove at Slippery Rock

Investment Overview

SVN | Three Rivers Commercial Advisors is pleased to present for sale The Grove at Slippery Rock, a student housing property that consists of 27 buildings, totaling 201 apartments with 603 beds. Tenants are responsible for partial electricity. Landlord is responsible for water, sewer, and trash removal. Each bedroom comes fully furnished with a bed frame, mattress, dresser, desk, and chair. There is in unit laundry along with abundant parking. The property is less than one mile from the heart of Slippery Rock University (SRU) and 1.5 miles from downtown. Slippery Rock University has experienced steady enrollment growth for five consecutive years, reaching a total of 8,654 students in Fall 2026, marking the largest freshman class and record number of graduate students in SRU history.

Investment Highlights

• Maximized Revenue Efficiency: Rather than leasing units as a whole, the property operates on an individual bed lease structure (ranging from $725 to $792 per bed per month depending on floor plan). This significantly drives up the gross rental yield per square foot compared to traditional multi-family structures.
• Competitive Amenities: The asset boasts a comprehensive, resort-style amenity package that serves as a powerful resident retention tool.
• Prime Location: The Grove is located less than one mile from 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 Grove is also close to national and local retailers on and around the SRU campus.
• Student Body: As of Fall 2026, Slippery Rock University enrolled 8,654 students — 7,077 undergraduates and 1,577 graduate students — marking its fifth consecutive year of enrollment growth and the largest freshman class and most graduate students in school history.