Stone
For Sale
Under Contract
$185,000
224-226 STATE Street, Sunbury, PA 17801
Multi-Family, Double, Sunbury, PA
Property Size2,376 SF
Lot Size0.22 Acres
Price / SF$77.86
Days on Market110
Property Features for 224-226 STATE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Basement, Bedroom 3, Bathroom 1
Basement
Full
Subdivision
0-None
Elementary school district
Shikellamy
Middle school district
Shikellamy
High school district
Shikellamy
Directions
From Sunbury take Market Street to Green Street turn left onto State Street look for sign
Standard status
Active Under Contract
APN
2-57-147-133& 2-57-147-134
Size
2,376 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1627
Utilities
Water source
Public
Amenities
first-floor laundry
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Stone
Roof type
Shingle
Architectural style
Other
Listing Agency:
Iron Valley Real Estate Mid Penn
(570) 884-8624
Listed By:
BRITTANY HUNT-STRAHAN · License #RS334519
(570) 428-3255
Added: Jun 4
Changed: Sep 15
Last Checked: Sep 21 at 5:06AM
MLS# C-1465
Copyright © 2026 Central Susquehanna Valley Board of Realtors. 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 stone duplex contains 2,376 square feet across two residential units on a 0.22-acre parcel. Each side includes 5 total rooms, a large kitchen, first-floor laundry, and an oversized bathroom. The property also includes a basement, shingle roofing, public water service, and SR zoning. Constructed in 1900, the building provides a two-unit configuration suited to residential income use or owner occupancy with an additional unit.
Located at 224-226 State Street in Sunbury, Pennsylvania, the property is within Northumberland County and carries a Sunbury postal address. One unit is currently tenant occupied, and showings require 48 hours' notice.
Located at 224-226 State Street in Sunbury, Pennsylvania, the property is within Northumberland County and carries a Sunbury postal address. One unit is currently tenant occupied, and showings require 48 hours' notice.
Key Highlights
- Duplex with 2,376 square feet on a 0.22‑acre lot
- Each unit includes 5 total rooms, a large kitchen, first‑floor laundry, and an oversized bathroom
- Stone construction with a shingle roof
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
$16,422
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
8.88%
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%
$328,440
$328.4K
Cap Rate 7%
$234,600
$234.6K
Cap Rate 9%
$182,467
$182.5K
Market Conditions
NOI Build-Up for 2,376 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
$31.9K $13.44/SF
− Vacancy
−$2.1K −$0.87/SF
EGI
$29.9K $12.57/SF
− OpEx
−$13.4K −$5.65/SF
NOI
$16.4K $6.91/SF
Area
Northumberland County, PA
Vacancy
6.50%
Lease Rate
$13.44 /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%
$328,440
Cap Rate 7%
$234,600
Cap Rate 9%
$182,467
Alternative Uses
Best Use
Multifamily LT 5
$254.2K
$222.4K – $296.5K
NOI $17,791 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,422 @ 7.0% cap · market cap 8.88%
Theoretical Best
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,377 @ 7.0% cap · market cap 109.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 17801, PA
16,332
Population
7,519
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
91%
High-School Grad
66.1 sq mi
ZIP Area
247
Density / Sq Mi
$57,341
Median Household Income
$36,724
Median Earnings
$733
Median Rent
$140,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer spacious layouts, large kitchens, and laundry facilities on the first floor.
Where is this duplex located?
The property is located at 224-226 STATE Street Sunbury, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex with 2,376 square feet on a 0.22‑acre lot; Each unit includes 5 total rooms, a large kitchen, first‑floor laundry, and an oversized bathroom; Stone construction with a shingle roof
