Six-Unit Mixed-Use
For Sale
$569,000
17 Crafton Street, Wellsboro, PA 16901
Commercial Sale, Wellsboro, PA
Property Size7,344 SF
Lot Size0.11 Acres
Price / SF$77.48
Days on Market180
Property Features for 17 Crafton Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Active
Size
7,344 SF
Lot size
0.11 Acres
Amenities
large display windows
full, dry basement
open, covered porch
Building Details
Year built
1901
Listing Agency:
Howard Hanna Professionals-Wellsboro
(570) 723-1600
Listed By:
Carolyn Straniere
(570) 439-9619
Added: Mar 27
Changed: Sep 14
Last Checked: Sep 22 at 2:06PM
MLS# 31727068
Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1901, this 7,344-square-foot mixed-use property contains six units arranged across commercial and residential space. The ground level includes three storefronts measuring 1,200 square feet each, with large display windows and interior access to individual full, dry basements for storage. Three two-bedroom apartments occupy the upper floor and include ample closet space along with access to a covered open porch.
All six units are currently leased to tenants on yearly terms. The property sits one block from Main Street in Wellsboro on a 0.11-acre parcel. Its layout brings together street-level retail suites and separately configured apartments within one building.
All six units are currently leased to tenants on yearly terms. The property sits one block from Main Street in Wellsboro on a 0.11-acre parcel. Its layout brings together street-level retail suites and separately configured apartments within one building.
Key Highlights
- Six‑unit mixed‑use property with three storefronts and three two‑bedroom apartments
- 7,344‑square‑foot building on a 0.11‑acre parcel
- Three storefronts measuring 1,200 square feet each
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
$46,289
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
8.14%
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%
$925,780
$925.8K
Cap Rate 7%
$661,271
$661.3K
Cap Rate 9%
$514,322
$514.3K
Market Conditions
NOI Build-Up for 7,344 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
$88.1K $12.00/SF
− Vacancy
−$4.0K −$0.54/SF
EGI
$84.2K $11.46/SF
− OpEx
−$37.9K −$5.16/SF
NOI
$46.3K $6.30/SF
Area
Tioga County, PA
Vacancy
4.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$925,780
Cap Rate 7%
$661,271
Cap Rate 9%
$514,322
Alternative Uses
Best Use
Mixed Use
$1.06M
$929.5K – $1.24M
NOI $74,358 @ 7.0% cap · market cap 13.07%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,289 @ 7.0% cap · market cap 8.14%
Theoretical Best
Healthcare Medical
$1.25M
$1.09M – $1.46M
NOI $87,572 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three storefronts and upper-level apartments combine retail space with leased residential units.
Where is this mixed-use property located?
The property is located at 17 Crafton Street Wellsboro, PA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Six‑unit mixed‑use property with three storefronts and three two‑bedroom apartments; 7,344‑square‑foot building on a 0.11‑acre parcel; Three storefronts measuring 1,200 square feet each
