Listing Agency: Ramus Realty Group Show Phone

Listed By: William Primeau · License #RS337743 Show Phone

Source: Cathyshometeam

Added: Oct 19 Changed: Oct 20 Last Checked: Oct 20 at 7:58PM

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Investment Insights

Based on property information with market context.

This duplex contains two residential units and is accompanied by a garage and several sheds. The property also includes three parcels. Highway 81 is nearby, providing a travel connection from the Pine Grove area.

Key Highlights

• Two residential units
• Property consists of three parcels
• Includes a garage and several sheds

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,996

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$199,920 $199.9K

Cap Rate 7%

$142,800 $142.8K

Cap Rate 9%

$111,067 $111.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,697 SF

Gross rent

$15.3K $9.00/SF

− Vacancy

−$993 −$0.59/SF

EGI

$14.3K $8.42/SF

− OpEx

−$4.3K −$2.52/SF

NOI

$10.0K $5.89/SF

Area

Schuylkill County, PA

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$199,920

Cap Rate 7%

$142,800

Cap Rate 9%

$111,067

Alternative Uses

Best Use

Multifamily LT 5

$142.8K

$125.0K – $166.6K (±1% cap)

NOI $9,996 @ 7.0% cap · market cap 4.55%

Second Best

Apartment 5plus

$132.6K

$116.1K – $154.8K (±1% cap)

NOI $9,285 @ 7.0% cap · market cap 4.22%

Theoretical Best

Office A

$254.6K

$222.7K – $297.0K (±1% cap)

NOI $17,819 @ 7.0% cap · market cap 8.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 17963, PA

9,013

Population

4,301

Households

2.1

Avg Household Size

46

Median Age

17%

College-Educated

91%

High-School Grad

83.7 sq mi

ZIP Area

108

Density / Sq Mi

$74,261

Median Household Income

$48,711

Median Earnings

$882

Median Rent

$203,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

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Duplex with Mixed-Commercial Zoning

218 TREMONT Road, Pine Grove, PA 17963

$280,000

3,194 SF

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Finished Diner Space

1098 LONG RUN ROAD, Pine Grove, PA 17963

Contact for pricing

1,500 SF

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Manufacturing Facility Near I-81

12 Roberts Road, Pine Grove, PA 17963

$3,500,000

53,877 SF

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Land in 55+ Community

BEAUTY MARY Way lot: 17, Pine Grove, PA 17963

$39,600

0.21 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units are complemented by a garage and multiple sheds, with Highway 81 nearby.

Where is this duplex located?

The property is located at 225-227 SHULTZ RD Pine Grove, PA.

What is the asking price?

The asking price for this property is $219,900.

What are key features of this property?

This property features: Two residential units; Property consists of three parcels; Includes a garage and several sheds