Two-Unit Duplex with Covered
224 East Bishop Street Bellefonte, PA 16823
224 East Bishop Street, Bellefonte, PA, 16823
$225,000
For Sale
$225,000
Up/down duplex features two covered exterior living areas, separate unit layouts, and a newer roof from 2019.
Property Size1,704 SF
Price / SF$132.04
Days on Market84
Property Features for 224 East Bishop Street
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
Kissinger, Bigatel & Brower
(814) 360-7799
Listed by
Jennifer Glantz · License #RS306822
(814) 360-7799
Source
Compass
Added: Apr 30 Updated: Jul 21 at 9:35PM Checked: Jul 22 at 8:34AM
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 Kissinger, Bigatel & Brower
Investment Insights
Based on property information with market context.
This up/down duplex includes two residential units with distinct living spaces. The main-floor unit offers a spacious living room, eat-in kitchen, one bedroom, one full bathroom, and a covered patio. The second-floor unit has a private interior staircase, a light-filled living room, eat-in kitchen, two bedrooms, and one full bathroom, along with a covered porch. Hardwood floors are throughout, and a metal roof is noted. The property also includes a basement with washer and dryer, along with a newer roof (2019) and newer electrical service entry and panels (2021). Brick exterior construction is also described.
The property is located in the heart of downtown Bellefonte, with access to nearby local amenities including Masulla Park, Talleyrand Park, The Match Factory, Spring Creek, and Bellefonte shopping and dining, all described as minutes away.
Offered for sale as a duplex, the building provides separate unit configurations with covered front/outdoor areas for both levels.
The property is located in the heart of downtown Bellefonte, with access to nearby local amenities including Masulla Park, Talleyrand Park, The Match Factory, Spring Creek, and Bellefonte shopping and dining, all described as minutes away.
Offered for sale as a duplex, the building provides separate unit configurations with covered front/outdoor areas for both levels.
Key Highlights
- Up/down duplex with two separate unit layouts and private interior staircase for the second‑floor unit
- Two covered exterior living areas: large covered front porch and covered patio/porch
- Year built 1890 with wood floors and hardwood floors
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 | $23.1k | $13.56 |
| − Vacancy | −$1.5k | −$0.88 |
| EGI | $21.6k | $12.68 |
| − OpEx | −$6.5k | −$3.80 |
| NOI | $15.1k | $8.88 |
1,704 SF · lease $13.56/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.0K
$189.0K – $252.1K
NOI $15,123 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$376.3K
$329.3K – $439.1K
NOI $26,344 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Up/down duplex features two covered exterior living areas, separate unit layouts, and a newer roof from 2019.
Where is this duplex located?
The property is located at 224 East Bishop Street Bellefonte, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Up/down duplex with two separate unit layouts and private interior staircase for the second‑floor unit; Two covered exterior living areas: large covered front porch and covered patio/porch; Year built 1890 with wood floors and hardwood floors
