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    Move-In Ready Duplex With Laundry Title is generated by Realmo AI

    224-226 STATE Street, Sunbury, PA 17801

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    For Sale
    $199,900

    Multi-Family, Double - Sunbury, PA

    Type:Multi Family
    Property size:
    2,376 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $84/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 224-226 STATE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Zoning
    SR
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    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
    1627.3

    Building Details

    Year built
    1900
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    BRITTANY HUNT-STRAHAN

    Listing agent BRITTANY HUNT-STRAHAN License #RS334519

    Listing office Iron Valley Real Estate Mid Penn 1018 N. Susquehanna Trail, Selinsgrove, PA 17870, Selinsgrove, PA

    Listing date Jun 4, 2026

    MLS# C-1465 Listing URL

    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.

    HighLights

    • Double unit property built in 1900 with shingle roof
    • Two‑unit setup with 5 total rooms per unit
    • Large kitchens in each unit
    • First‑floor laundry available in each unit
    • Oversized bathrooms in each unit
    • One side is tenant occupied; 48 hours notice required

    Overview

    This for-sale duplex features two separate units at 224-226 State Street. The property is described as move-in ready and each unit offers five total rooms. Both sides include large kitchens, first-floor laundry, and oversized bathrooms, creating a practical, comfortable layout for everyday living.

    The property is located in Sunbury, Pennsylvania in Northumberland County. The parcel covers 0.22 acres, and the listing notes that square footage information was taken from the county tax card.

    The duplex configuration can support multiple living or income arrangements, including an owner-occupant setup where one side is used while the other is rented. One unit is tenant occupied, and showings require 48 hours’ notice to accommodate the current tenant. For buyers looking at residential income properties in SR zoning, this double offers straightforward, unit-by-unit amenities centered on kitchens, first-floor laundry, and larger bathroom spaces.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $27.1k $11.40
    − Vacancy −$1.7k −$0.70
    EGI $25.4k $10.70
    − OpEx −$7.6k −$3.21
    NOI $17.8k $7.49
    2,376 SF · lease $11.40/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $254.2K
    $222.4K – $296.5K (±1% cap)
    NOI $17,791 @ 7.0% cap · market cap 8.90%
    Second Best
    Apartment 5plus
    $234.6K
    $205.3K – $273.7K (±1% cap)
    NOI $16,422 @ 7.0% cap · market cap 8.22%
    Theoretical Best
    Warehouse
    $2.89M
    $2.53M – $3.37M (±1% cap)
    NOI $202,377 @ 7.0% cap · market cap 101.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunbury
    County
    Northumberland
    State
    Pennsylvania
    Longitude
    -76.770574
    Latitude
    40.859234

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    FAQs

    What type of property is this?
    Duplex - Sunbury duplex with two units, each featuring large kitchens, first-floor laundry, and oversized bathrooms.
    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 $199,900.
    What are key features of this property?
    This property features: Double unit property built in 1900 with shingle roof; Two‑unit setup with 5 total rooms per unit; Large kitchens in each unit
    (570) 428-3255
    We can help!
    Listing Contact
    BRITTANY HUNT-STRAHAN
    Real Estate License ID: RS334519
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    224-226 STATE Street, Sunbury, PA 17801
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