Five-Unit Income Apartment
For Sale
$225,000
107 Lower Market St, Milton, PA 17847
Four of five units are rented on month-to-month leases, offering immediate occupancy with flexibility for future improvements.
Property Size2,370 SF
Price / SF$94.94
Days on Market63
Property Features for 107 Lower Market St
General Information
Standard status
Active
Size
2,370 SF
Occupancy
80%
Additional Details
Multifamily Units
5
Building Details
Year Built
1950
Listing Agency:
BHHS Homesale Realty - Schuylkill Haven
(484) 479-6017
Listed By:
Julia Atiyeh
Source:
Kandorre
Added: Jun 28
Changed: Aug 24
Last Checked: Aug 28 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Homesale Realty - Schuylkill Haven
Investment Insights
Based on property information with market context.
This solid five-unit apartment building offers a mix of unit sizes, with three 1-bedroom apartments plus one 2-bedroom and one 3-bedroom unit. Four of the five units are currently rented, and those leases are month-to-month, providing ongoing rental income while allowing room to adjust operations over time. The property is presented as a value-oriented opportunity for an owner who wants the ability to consider updates and refine rent structure.
The building is located in Milton, Pennsylvania at 107 Lower Market St. With most units already in place and leased, the property can support an owner’s immediate operating timeline rather than requiring a full leasing-up period.
For investors or owner-operators, the month-to-month arrangement can be useful for maintaining cash flow while retaining flexibility around unit turnover and potential upgrades. The presence of multiple bedroom configurations can also help broaden tenant fit across different household needs, including both smaller and larger unit sizes within the same building.
The building is located in Milton, Pennsylvania at 107 Lower Market St. With most units already in place and leased, the property can support an owner’s immediate operating timeline rather than requiring a full leasing-up period.
For investors or owner-operators, the month-to-month arrangement can be useful for maintaining cash flow while retaining flexibility around unit turnover and potential upgrades. The presence of multiple bedroom configurations can also help broaden tenant fit across different household needs, including both smaller and larger unit sizes within the same building.
Key Highlights
- 5‑unit property in Milton, PA
- Four of five units are currently rented on month‑to‑month leases
- Unit mix includes three 1‑bedroom apartments, one 2‑bedroom apartment, and one 3‑bedroom apartment
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
$16,380
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
7.28%
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%
$327,600
$327.6K
Cap Rate 7%
$234,000
$234.0K
Cap Rate 9%
$182,000
$182.0K
Market Conditions
NOI Build-Up for 2,370 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
$29.8K $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%
$327,600
Cap Rate 7%
$234,000
Cap Rate 9%
$182,000
Alternative Uses
Best Use
Apartment 5plus
$234.0K
$204.8K – $273.0K
NOI $16,380 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,866 @ 7.0% cap · market cap 89.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 17847, PA
11,703
Population
5,341
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
93%
High-School Grad
46.3 sq mi
ZIP Area
253
Density / Sq Mi
$56,582
Median Household Income
$36,028
Median Earnings
$835
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four of five units are rented on month-to-month leases, offering immediate occupancy with flexibility for future improvements.
Where is this apartment building located?
The property is located at 107 Lower Market St Milton, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 5‑unit property in Milton, PA; Four of five units are currently rented on month‑to‑month leases; Unit mix includes three 1‑bedroom apartments, one 2‑bedroom apartment, and one 3‑bedroom apartment
