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    Shamokin Portfolio: Investment Opportunity Title is generated by Realmo AI

    232 S DIAMOND ST, Shamokin, PA 17872

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    For Sale
    $729,900

    MULTI_FAMILY - SHAMOKIN, PA

    Property size:
    14,778 SF
    Lot size:
    3.68 Acres
    Price / SF:
    $49/SF
    Added:
    Apr 15, 2026
    Days on Market:
    39
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 232 S DIAMOND ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Dining Room, Basement
    Parking
    12
    Parking features
    Offsite, Garage - Detached, Off Street, Driveway, Garage, On Street
    Interior features
    Attic, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Pantry, Primary Bath(s), Walk-in Closet(s), Wood Floors
    Fireplace
    1
    Appliances
    Oven/Range - Electric, Refrigerator
    Standard status
    Active
    Size
    14,778 SF
    Lot size
    3.68 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8167

    Utilities

    Heating system
    Baseboard, Zoned, Electric (Heating), Wood
    Cooling system
    Ceiling Fan(s), Zoned, Wall Unit(s), Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1917
    Number of units
    4
    Building materials
    Masonry, Vinyl Siding

    We can help!

    Listing Contact
    Eugene Prentice

    Listing agent Eugene Prentice License #RS357211

    Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA

    Listing date Apr 15, 2026

    MLS# PANU2003188 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Portfolio of 12 properties in multiple locations.
    • Significant potential to increase annual rents from current $65,520 to a potential $149,160.
    • Eight properties are currently occupied, providing immediate income.
    • Four vacant properties offer opportunity for renovation and premium rental rates.
    • Tenants are responsible for utilities, simplifying management.
    • Includes a property with 5 garage bays, providing additional income potential.

    Overview

    This portfolio of 12 properties, situated in Shamokin, Lansford, Lewistown, and Sunbury, Pennsylvania, presents an investment opportunity. The properties include 815 E Webster St, 918 Race St, 35 Hibridge Cir, 6 & 28 S Franklin St, 513 W Mulberry St, 135 E Arch St, 123 N Grant St, 212 E Snyder Ave, 444 Kreamer Ave, 4685 Upper Rd, and 34 N Rock St. The portfolio includes some vacancies. The majority of the occupied properties operate on month-to-month leases, with tenants responsible for utilities. The current owner covers sewer and tax payments, resulting in annual expenses of $16,776. Annual rents amount to $65,520, with potential annual rents reaching $149,160, generating a cash flow of $48,744. Eight properties are currently occupied, six of which are month-to-month leases. Two longer-term leases conclude in December 2026. Four vacant properties are available for renovation and premium rental rates. The portfolio offers a 6.6% Cap Rate. One property is owner-occupied. One property includes an additional lot. One property includes 5 garage bays. The total lot size is 3.68 acres, with a property size of 14,778 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shamokin
    County
    Northumberland
    State
    Pennsylvania
    Longitude
    -76.557762
    Latitude
    40.7849641

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    FAQs

    What type of property is this?
    Multifamily property - 12-property portfolio in Shamokin, Lansford, Lewistown, and Sunbury, PA.
    Where is this multifamily property located?
    The property is located at 232 S DIAMOND ST Shamokin, PA.
    What is the asking price?
    The asking price for this property is $729,900.
    What are key features of this property?
    This property features: Portfolio of 12 properties in multiple locations.; Significant potential to increase annual rents from current $65,520 to a potential $149,160.; Eight properties are currently occupied, providing immediate income.
    (347) 356-5321
    We can help!
    Listing Contact
    Eugene Prentice
    Real Estate License ID: RS357211
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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