Purpose-Built Duplex with Separate
118 South St Shippenville, PA 16254
For Sale
Contact for pricing
Purpose-built duplex with both units accessed from ground level and recently remodeled interior.
Property Size1,350 SF
Price / SF$81.41
Days on Market8
Property Features for 118 South St
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Shawgo Real Estate LLC
(814) 677-7053
Listed By:
Dana Shawgo · License #PA RM424170
Source:
Crexi
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 27 at 11:34AM
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 Shawgo Real Estate LLC
Investment Insights
Based on property information with market context.
This purposely built duplex features two separate units, with both accessed from the ground level. The property has undergone a recent remodel, reflecting an interior update to the existing layout. Each unit is described as having a strong floor plan, and interior photos are not available out of respect for the tenants’ privacy.
The duplex is located at 118 South St in Shippenville, PA (within the 16254 ZIP code). It is being offered for sale with the intention of serving investors seeking a residential income property configuration.
As presented, the asset consists of a two-unit residential structure with ground-level access to each unit.
The duplex is located at 118 South St in Shippenville, PA (within the 16254 ZIP code). It is being offered for sale with the intention of serving investors seeking a residential income property configuration.
As presented, the asset consists of a two-unit residential structure with ground-level access to each unit.
Key Highlights
- Purpose‑built duplex built in 1900
- Both units have ground‑level access
- Recently remodeled interior
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.8k | $10.20 |
| − Vacancy | −$895 | −$0.66 |
| EGI | $12.9k | $9.54 |
| − OpEx | −$3.9k | −$2.86 |
| NOI | $9.0k | $6.68 |
1,350 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.7K
$112.7K – $150.2K
NOI $9,012 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$119.6K
$104.7K – $139.6K
NOI $8,375 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$238.8K
$209.0K – $278.6K
NOI $16,718 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Purpose-built duplex with both units accessed from ground level and recently remodeled interior.
Where is this duplex located?
The property is located at 118 South St Shippenville, PA.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Purpose‑built duplex built in 1900; Both units have ground‑level access; Recently remodeled interior
