Renovated Quadplex with Bonus
New
For Sale
$299,900
11 - 13 SUNBURY STREET, Minersville, PA 17954
Four occupied apartments feature updated interiors, individual electric meters, and shared building services.
Property Size2,100 SF
Price / SF$142.81
Days on Market5
Property Features for 11 - 13 SUNBURY STREET
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Gross Income
$41,700
Utilities to Site
Yes
Multifamily Units
4
Building Details
Year Built
1860
Year Renovated
2022
Buildings
1
Listing Agency:
McDermott Real Estate
(215) 884-8403
Listed By:
Ralph Robert Marranzini · License #RS332464
(215) 859-8393
Source:
Cummingsrealtors
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 9:51AM
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 McDermott Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential income property in Minersville was renovated in 2022 with new flooring, electric heat serving each apartment, refreshed kitchens and bathrooms, new appliances, and plumbing and electrical improvements. All four apartments are occupied, and each is separately metered for electric service.
The building includes a laundry room, a garage currently used by the neighboring auto shop, and a fifth unit that may be renovated for additional use. The owner currently pays for water, sewer, trash, and hot water. Built in 1860, the property is located at 11–13 Sunbury Street in Minersville, Pennsylvania.
The building includes a laundry room, a garage currently used by the neighboring auto shop, and a fifth unit that may be renovated for additional use. The owner currently pays for water, sewer, trash, and hot water. Built in 1860, the property is located at 11–13 Sunbury Street in Minersville, Pennsylvania.
Key Highlights
- Four‑unit building renovated in 2022
- All 4 apartments are occupied
- Fifth unit available for renovation
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
$12,370
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
4.12%
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%
$247,400
$247.4K
Cap Rate 7%
$176,714
$176.7K
Cap Rate 9%
$137,444
$137.4K
Market Conditions
NOI Build-Up for 2,100 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
$18.9K $9.00/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$17.7K $8.42/SF
− OpEx
−$5.3K −$2.52/SF
NOI
$12.4K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$247,400
Cap Rate 7%
$176,714
Cap Rate 9%
$137,444
Alternative Uses
Best Use
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$164.1K
$143.6K – $191.5K
NOI $11,489 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$315.0K
$275.6K – $367.5K
NOI $22,050 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 17954, PA
4,606
Population
2,290
Households
2
Avg Household Size
40
Median Age
14%
College-Educated
82%
High-School Grad
0.7 sq mi
ZIP Area
6,580
Density / Sq Mi
$56,736
Median Household Income
$36,719
Median Earnings
$737
Median Rent
$81,800
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?
Quadplex - Four occupied apartments feature updated interiors, individual electric meters, and shared building services.
Where is this quadplex located?
The property is located at 11 - 13 SUNBURY STREET Minersville, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four‑unit building renovated in 2022; All 4 apartments are occupied; Fifth unit available for renovation
