Two-Unit Frame
For Sale
Under Contract
$185,000
282-284 QUEEN Street, Northumberland, PA 17857
Multi-Family, Double, Northumberland, PA
Property Size2,424 SF
Price / SF$76.32
Days on Market44
Property Features for 282-284 QUEEN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Basement
Full
Subdivision
0-None
Elementary school district
Shikellamy
Middle school district
Shikellamy
High school district
Shikellamy
Directions
QUEEN STREET
Standard status
Active Under Contract
APN
1-2-124
Size
2,424 SF
Taxes and HOA fees
Tax Annual Amount
1884
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
SQUARE DIEHL REALTY INC
Listed By:
DEBRA F BROUSE · License #AB043914A
(570) 286-6344
Added: Aug 7
Changed: Sep 15
Last Checked: Sep 19 at 12:06PM
MLS# C-2130
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 two-unit duplex at 282-284 Queen Street contains 2,424 square feet and was built in 1920. The frame-constructed property has a shingle roof, natural gas heat, public water, a basement, six bedrooms, and two bathrooms. One side is occupied by the owner, while the other is leased to a long-term tenant.
The property is located in Northumberland, Pennsylvania, within the 17857 ZIP code. R zoning supports its residential classification. The existing occupancy arrangement provides one owner-use component and one tenant-use component within the same duplex property.
The property is located in Northumberland, Pennsylvania, within the 17857 ZIP code. R zoning supports its residential classification. The existing occupancy arrangement provides one owner-use component and one tenant-use component within the same duplex property.
Key Highlights
- Two‑unit duplex with 2,424 square feet
- One side owner occupied; the other has a long‑term tenant
- Six bedrooms and two bathrooms
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
$16,754
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
9.06%
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%
$335,080
$335.1K
Cap Rate 7%
$239,343
$239.3K
Cap Rate 9%
$186,156
$186.2K
Market Conditions
NOI Build-Up for 2,424 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
$32.6K $13.44/SF
− Vacancy
−$2.1K −$0.87/SF
EGI
$30.5K $12.57/SF
− OpEx
−$13.7K −$5.65/SF
NOI
$16.8K $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%
$335,080
Cap Rate 7%
$239,343
Cap Rate 9%
$186,156
Alternative Uses
Best Use
Multifamily LT 5
$259.3K
$226.9K – $302.5K
NOI $18,150 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,754 @ 7.0% cap · market cap 9.06%
Theoretical Best
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,465 @ 7.0% cap · market cap 111.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 17857, PA
7,743
Population
3,721
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
26.7 sq mi
ZIP Area
290
Density / Sq Mi
$64,306
Median Household Income
$41,109
Median Earnings
$948
Median Rent
$191,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R-zoned duplex with one owner-occupied side and one long-term tenant-occupied side.
Where is this duplex located?
The property is located at 282-284 QUEEN Street Northumberland, 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: Two‑unit duplex with 2,424 square feet; One side owner occupied; the other has a long‑term tenant; Six bedrooms and two bathrooms
