Duplex Near College
For Sale
$299,500
315 E 3rd street, Bloomsburg, PA 17815
Residential Income, Bloomsburg, PA
Property Size2,400 SF
Lot Size0.14 Acres
Price / SF$124.79
Days on Market423
Property Features for 315 E 3rd street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Basement
Unfinished, Partial
Subdivision
Bloomsburg Town
Standard status
Active
APN
05E03 27100
Size
2,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2546
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Roof type
Shingle
Listing Agency:
Wilkins & Associates Real Estate, Inc. · Better Homes and Gardens Real Estate
(570) 421-8950
Listed By:
James J Martin · License #RS298784
(570) 856-6482
Added: Jul 15, 2025
Changed: Sep 2
Last Checked: Sep 10 at 11:06AM
MLS# PM-133995
Copyright © 2026 Pocono Mountains Association 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 2,400-square-foot duplex, built in 1900, contains two separate residential units. The first offers 3 bedrooms and 1 full bath, along with a kitchen, living room, dining room, laundry area, hardwood floors, and two entrances. The second includes 2 bedrooms, 1 full bath, a kitchen, living room, laundry area, hardwood floors, and two entrances. Both units feature large bedrooms and living rooms, while the property includes a basement and tile flooring in addition to hardwood.
The 0.14-acre property is located in Bloomsburg, PA, two blocks from the Bloomsburg College Campus. Three off-street parking spaces are provided, with additional on-street parking available. Public water, public sewer, and gas service are present. The units require updating and additional work.
The 0.14-acre property is located in Bloomsburg, PA, two blocks from the Bloomsburg College Campus. Three off-street parking spaces are provided, with additional on-street parking available. Public water, public sewer, and gas service are present. The units require updating and additional work.
Key Highlights
- Two‑unit duplex totaling 2,400 square feet
- Unit 1: 3 bedrooms, 1 full bath, dining room, laundry, and two entrances
- Unit 2: 2 bedrooms, 1 full bath, laundry, and two entrances
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
$25,384
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
8.48%
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%
$507,680
$507.7K
Cap Rate 7%
$362,629
$362.6K
Cap Rate 9%
$282,044
$282.0K
Market Conditions
NOI Build-Up for 2,400 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
$50.1K $20.88/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$46.2K $19.23/SF
− OpEx
−$20.8K −$8.65/SF
NOI
$25.4K $10.58/SF
Area
Columbia County, PA
Vacancy
7.90%
Lease Rate
$20.88 /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%
$507,680
Cap Rate 7%
$362,629
Cap Rate 9%
$282,044
Alternative Uses
Best Use
Multifamily LT 5
$407.6K
$356.6K – $475.5K
NOI $28,531 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$362.6K
$317.3K – $423.1K
NOI $25,384 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$804.7K
$704.1K – $938.8K
NOI $56,327 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 17815, PA
28,936
Population
12,661
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
125.7 sq mi
ZIP Area
230
Density / Sq Mi
$66,145
Median Household Income
$36,695
Median Earnings
$968
Median Rent
$216,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with spacious layouts, hardwood flooring, and public utilities in place.
Where is this duplex located?
The property is located at 315 E 3rd street Bloomsburg, PA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,400 square feet; Unit 1: 3 bedrooms, 1 full bath, dining room, laundry, and two entrances; Unit 2: 2 bedrooms, 1 full bath, laundry, and two entrances
