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Multifamily Property with Redevelopment Potential
New
For Sale
$454,900

170 VALLEY Street, Lewistown, PA 17044

Multi-Family, LEWISTOWN, PA

Property Size5,000 SF
Lot Size0.10 Acres
Price / SF$90.98
Days on Market1

Property Features for 170 VALLEY Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking features On Street
Subdivision NONE AVAILABLE
High school MIFFLIN COUNTY HIGH
Elementary school district MIFFLIN COUNTY
Middle school district MIFFLIN COUNTY
High school district MIFFLIN COUNTY
Standard status Active
Size 5,000 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Annual Amount 4077

Utilities

Heating system Forced Air
Cooling system Ductless

Building Details

Year built 1493
Number of units 4
Building materials Brick
Architectural style Other
Listing Agency: Iron Valley Real Estate of Lancaster
Listed By: Kathryn Mardis · License #AB069756
Added: Sep 22 Last Checked: Sep 22 at 5:06PM
MLS# PAMF2053562

Copyright © 2026 Bright 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.

This multifamily property package combines three adjoining buildings in Lewistown, including a 5,000-square-foot brick structure at 170 Valley Street. Five renovated residential units are occupied, and the property also includes a large garage. The building is served by forced-air heat, ductless cooling, and on-street parking.

The two adjoining Spruce Street buildings provide additional redevelopment scope. The building at 14 S Spruce Street has a new roof and two new electrical panels, with a layout described as suitable for conversion into one one-bedroom unit and one two-bedroom unit. At 12 S Spruce Street, the open interior may support a rooming-house configuration or mixed-use arrangement with commercial space below and residential units above, subject to applicable municipal approvals. The combined parcel area is 0.0984 acres.

Key Highlights

  • Five renovated residential units are occupied at 170 Valley Street
  • Three adjoining buildings with a combined property size of 5,000 Square Feet
  • 14 S Spruce Street has a new roof and 2 new electrical panels

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Grocery & Convenience Store Carpet & Flooring Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

Demographics for 17044, PA

20,681
Population
10,167
Households
2
Avg Household Size
46
Median Age
14%
College-Educated
84%
High-School Grad
95.4 sq mi
ZIP Area
217
Density / Sq Mi
$58,253
Median Household Income
$38,341
Median Earnings
$791
Median Rent
$126,000
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three adjoining buildings combine occupied apartments with additional layouts suited to renovation or municipal-approved repositioning.
Where is this multifamily property located?
The property is located at 170 VALLEY Street Lewistown, PA.
What is the asking price?
The asking price for this property is $454,900.
What are key features of this property?
This property features: Five renovated residential units are occupied at 170 Valley Street; Three adjoining buildings with a combined property size of 5,000 Square Feet; 14 S Spruce Street has a new roof and 2 new electrical panels
More about this property
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