Apartment and Storage Income
For Sale
$415,000
670 Susquehanna Trl, Northumberland, PA 17857
Turn-key property with five rental apartments, four storage units, and a leased commercial billboard.
Property Size2,986 SF
Lot Size1.27 Acres
Price / SF$138.98
Days on Market48
Property Features for 670 Susquehanna Trl
General Information
Standard status
Active
Size
2,986 SF
Lot size
1.27 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1942
Listing Agency:
William Penn Real Estate Assoc
Listed By:
Chester Lapp · License #RS320255
(717) 629-1928
Source:
Kandorre
Added: Jul 25
Changed: Sep 5
Last Checked: Sep 9 at 11:52PM
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 William Penn Real Estate Assoc
Investment Insights
Based on property information with market context.
Turn-key income property on 1.27 acres offering five rental apartments and four storage units, along with a leased commercial billboard. One apartment was recently refreshed with new paint and kitchen updates. Recent exterior improvements include a new roof, gutters, windows, and fresh paint. The property is described as professionally managed, with public water and sewer and low operating expenses reported in the offering.
The property is located on the busy Susquehanna Trail in Northumberland, PA. It is being sold as a public auction bid via phone, starting today and ending August 13, 2026 at 6:00 PM. The listing price is the opening bid only and the sale is with reserve; settlement is noted as on or before October 9, 2026. An initial $25,000 investment is due at auction close, and a 2% transfer tax is to be paid by the purchaser. The offering materials project $4,315 in total monthly income.
The property is located on the busy Susquehanna Trail in Northumberland, PA. It is being sold as a public auction bid via phone, starting today and ending August 13, 2026 at 6:00 PM. The listing price is the opening bid only and the sale is with reserve; settlement is noted as on or before October 9, 2026. An initial $25,000 investment is due at auction close, and a 2% transfer tax is to be paid by the purchaser. The offering materials project $4,315 in total monthly income.
Key Highlights
- 5 rental apartments and 4 storage units on 1.27 acres in Northumberland, PA
- Leased commercial billboard included, projecting $4,315 in total monthly income
- Recent exterior updates include a new roof, gutters, windows, and fresh paint
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
$34,990
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
8.43%
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%
$699,800
$699.8K
Cap Rate 7%
$499,857
$499.9K
Cap Rate 9%
$388,778
$388.8K
Market Conditions
NOI Build-Up for 2,986 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
$53.7K $18.00/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$50.0K $16.74/SF
− OpEx
−$15.0K −$5.02/SF
NOI
$35.0K $11.72/SF
Area
Northumberland County, PA
Vacancy
7.00%
Lease Rate
$18.00 /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%
$699,800
Cap Rate 7%
$499,857
Cap Rate 9%
$388,778
Alternative Uses
Best Use
Warehouse
$3.63M
$3.18M – $4.24M
NOI $254,334 @ 7.0% cap · market cap 61.29%
Second Best
Self Storage
$499.9K
$437.4K – $583.2K
NOI $34,990 @ 7.0% cap · market cap 8.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 17857, PA
7,743
Population
3,721
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
26.7 sq mi
ZIP Area
290
Density / Sq Mi
$64,306
Median Household Income
$41,109
Median Earnings
$948
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turn-key property with five rental apartments, four storage units, and a leased commercial billboard.
Where is this apartment building located?
The property is located at 670 Susquehanna Trl Northumberland, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 5 rental apartments and 4 storage units on 1.27 acres in Northumberland, PA; Leased commercial billboard included, projecting $4,315 in total monthly income; Recent exterior updates include a new roof, gutters, windows, and fresh paint
