Move-In Ready
For Sale
Under Contract
$185,000
224-226 STATE Street, Sunbury, PA 17801
MULTI_FAMILY - Sunbury, PA
Property Size2,376 SF
Lot Size0.22 Acres
Price / SF$77.86
Days on Market91
Property Features for 224-226 STATE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Basement, Bedroom 1
Basement
Full
Subdivision
0-None
Elementary school district
Shikellamy
Middle school district
Shikellamy
High school district
Shikellamy
Directions
From Sunbury take Market Street to Green Street turn left onto State Street look for sign
Standard status
Active Under Contract
APN
2-57-147-133& 2-57-147-134
Size
2,376 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1627
Utilities
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Stone
Roof type
Shingle
Architectural style
Other
Listing Agency:
Iron Valley Real Estate Mid Penn
(570) 884-8624
Listed By:
BRITTANY HUNT-STRAHAN · License #RS334519
(570) 428-3255
Added: Jun 4
Changed: Jul 22
Last Checked: Sep 2 at 9:06PM
MLS# C-1465
Copyright © 2026 Central Susquehanna Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This move-in ready duplex at 224-226 STATE Street contains two separate living units, each with 5 total rooms. Both sides include large kitchens, first-floor laundry, and oversized bathrooms, creating a comfortable layout for everyday living. The property is offered for sale with a total size of 2,376 square feet and sits on a 0.22-acre lot.
Located in Sunbury, Pennsylvania in Northumberland County, the duplex benefits from an SR zoning designation. One side is currently tenant occupied, so advance notice is required; schedule showings with 48 hours notice.
The duplex configuration supports either owner-occupancy with rental income from the second unit or an investment approach that keeps both units self-contained. With in-unit laundry on the first floor and room sizes that accommodate kitchens and bathrooms of larger proportions, the property is designed for tenants who want practical, functional space without relying on shared amenities. This is a straightforward option for buyers seeking a two-unit setup with consistent features across both sides.
Located in Sunbury, Pennsylvania in Northumberland County, the duplex benefits from an SR zoning designation. One side is currently tenant occupied, so advance notice is required; schedule showings with 48 hours notice.
The duplex configuration supports either owner-occupancy with rental income from the second unit or an investment approach that keeps both units self-contained. With in-unit laundry on the first floor and room sizes that accommodate kitchens and bathrooms of larger proportions, the property is designed for tenants who want practical, functional space without relying on shared amenities. This is a straightforward option for buyers seeking a two-unit setup with consistent features across both sides.
Key Highlights
- Stone construction with shingle roof and public water
- Year built 1900
- Double offering: live in one side and rent out the other
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,440
$328.4K
Cap Rate 7%
$234,600
$234.6K
Cap Rate 9%
$182,467
$182.5K
Market Conditions
NOI Build-Up for 2,376 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.9K $13.44/SF
− Vacancy
−$2.1K −$0.87/SF
EGI
$29.9K $12.57/SF
− OpEx
−$13.4K −$5.65/SF
NOI
$16.4K $6.91/SF
Area
Northumberland County, PA
Vacancy
6.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,440
Cap Rate 7%
$234,600
Cap Rate 9%
$182,467
Alternative Uses
Best Use
Multifamily LT 5
$254.2K
$222.4K – $296.5K
NOI $17,791 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,422 @ 7.0% cap · market cap 8.88%
Theoretical Best
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,377 @ 7.0% cap · market cap 109.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 17801, PA
16,332
Population
7,519
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
91%
High-School Grad
66.1 sq mi
ZIP Area
247
Density / Sq Mi
$57,341
Median Household Income
$36,724
Median Earnings
$733
Median Rent
$140,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two move-in ready units offer flexible living arrangements, with first-floor laundry and large kitchens in each side.
Where is this duplex located?
The property is located at 224-226 STATE Street Sunbury, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Stone construction with shingle roof and public water; Year built 1900; Double offering: live in one side and rent out the other
