Building Details

Year Built 1900

Stories 2

Units 2

Tenancy Multi

Listing Agency: Shawgo Real Estate LLC

Listed By: Dana Shawgo · License #PA RM424170 Show Phone

Source: Crexi

Added: Jul 22 Changed: Oct 25 Last Checked: Oct 28 at 7:01AM

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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

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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.

Key Highlights

• Purpose‑built duplex built in 1900
• Both units have ground‑level access
• Recently remodeled interior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,012

Cap Rate

8.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,240 $180.2K

Cap Rate 7%

$128,743 $128.7K

Cap Rate 9%

$100,133 $100.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,350 SF

Gross rent

$13.8K $10.20/SF

− Vacancy

−$895 −$0.66/SF

EGI

$12.9K $9.54/SF

− OpEx

−$3.9K −$2.86/SF

NOI

$9.0K $6.68/SF

Area

Clarion County, PA

Vacancy

6.50%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,240

Cap Rate 7%

$128,743

Cap Rate 9%

$100,133

Alternative Uses

Best Use

Multifamily LT 5

$128.7K

$112.7K – $150.2K (±1% cap)

NOI $9,012 @ 7.0% cap · market cap 8.20%

Second Best

Apartment 5plus

$119.6K

$104.7K – $139.6K (±1% cap)

NOI $8,375 @ 7.0% cap · market cap 7.62%

Theoretical Best

Office A

$238.8K

$209.0K – $278.6K (±1% cap)

NOI $16,718 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

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Demographics for 16254, PA

3,174

Population

1,551

Households

2

Avg Household Size

47

Median Age

24%

College-Educated

91%

High-School Grad

47.2 sq mi

ZIP Area

67

Density / Sq Mi

$57,250

Median Household Income

$36,719

Median Earnings

$933

Median Rent

$155,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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