Building Details

Year Built 1900

Year Renovated 2025

Buildings 1

Listing Agency: Lime House b***@limehouserealty.com Show Phone

Listed By: Aaron Glick · License #RS374368 Show Phone

Source: Cummingsrealtors

Added: Sep 21 Changed: Oct 31 Last Checked: Oct 30 at 4:29PM

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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 Lime House

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Investment Insights

Based on property information with market context.

Renovated in 2025, this 1,984-square-foot duplex contains two independent residences. Each unit has dedicated laundry and a private porch, while three electric meters support separate utility management. The lower residence includes ramp access and an accessible shower. Public water and sewer serve the building, which also includes two off-street parking spaces and two storage containers conveyed with the property.

The property is located at 140 Water Street in Dalmatia, within walking distance of the Susquehanna River and less than a quarter mile from the Dalmatia Boat Launch. Its two-unit configuration, updated condition, separate utility metering, and added storage provide a practical setup for rental use, owner occupancy, or multigenerational living.

Key Highlights

• Two‑unit duplex measuring 1,984 square feet
• Updated in 2025
• Each unit includes laundry facilities and a private porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,855

Cap Rate

6.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$297,100 $297.1K

Cap Rate 7%

$212,214 $212.2K

Cap Rate 9%

$165,056 $165.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,984 SF

Gross rent

$22.6K $11.40/SF

− Vacancy

−$1.4K −$0.70/SF

EGI

$21.2K $10.70/SF

− OpEx

−$6.4K −$3.21/SF

NOI

$14.9K $7.49/SF

Area

Northumberland County, PA

Vacancy

6.17%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$297,100

Cap Rate 7%

$212,214

Cap Rate 9%

$165,056

Alternative Uses

Best Use

Multifamily LT 5

$212.2K

$185.7K – $247.6K (±1% cap)

NOI $14,855 @ 7.0% cap · market cap 6.32%

Second Best

Apartment 5plus

$195.9K

$171.4K – $228.5K (±1% cap)

NOI $13,712 @ 7.0% cap · market cap 5.83%

Theoretical Best

Warehouse

$2.41M

$2.11M – $2.82M (±1% cap)

NOI $168,988 @ 7.0% cap · market cap 71.91%

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 17017, PA

1,723

Population

777

Households

2.2

Avg Household Size

48

Median Age

21%

College-Educated

88%

High-School Grad

25.3 sq mi

ZIP Area

68

Density / Sq Mi

$70,625

Median Household Income

$47,883

Median Earnings

$709

Median Rent

$200,000

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 - Separate laundry, private porches, and individual electric usage support flexible occupancy across both residences.

Where is this duplex located?

The property is located at 140 WATER STREET Dalmatia, PA.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Two‑unit duplex measuring 1,984 square feet; Updated in 2025; Each unit includes laundry facilities and a private porch