Well-Maintained Duplex with Separate
For Sale
$190,000
230 E BISHOP STREET, Bellefonte, PA 16823
Two-unit duplex in Bellefonte with separate entrances and brand new split HVAC systems for each unit.
Days on Market177
Property Features for 230 E BISHOP STREET
General Information
Standard status
Active
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,689 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
The Greene Realty Group
(888) 278-5840
Listed By:
Derek J. Greene · License #SBR004802
(888) 278-5840
Source:
Nelsonrealtypa
Added: Feb 4
Changed: Jul 30
Last Checked: Jul 31 at 11:38AM
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 The Greene Realty Group
Investment Insights
Based on property information with market context.
Well-maintained duplex offering two separate units at 230 and 232 E Bishop St in Bellefonte, PA. Each unit features its own entrance and its own utilities, supporting flexible use for an investor or an owner-occupant. Both units have brand new split HVAC systems.
The property is located in-town near downtown Bellefonte, with proximity to shopping, dining, schools, and local amenities.
Built in 1890, this duplex provides an in-town multifamily configuration with separate access, separate utilities, and updated HVAC systems for tenant comfort and ease of operation.
The property is located in-town near downtown Bellefonte, with proximity to shopping, dining, schools, and local amenities.
Built in 1890, this duplex provides an in-town multifamily configuration with separate access, separate utilities, and updated HVAC systems for tenant comfort and ease of operation.
Key Highlights
- Duplex with two units at 230 and 232 E Bishop St, Bellefonte
- Each unit has a separate entrance and separate utilities
- Brand new split HVAC system in both units
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 | $22.9k | $13.56 |
| − Vacancy | −$1.5k | −$0.88 |
| EGI | $21.4k | $12.68 |
| − OpEx | −$6.4k | −$3.80 |
| NOI | $15.0k | $8.88 |
1,689 SF · lease $13.56/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.4K – $249.8K
NOI $14,990 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$373.0K
$326.4K – $435.2K
NOI $26,112 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 16823, PA
29,345
Population
11,679
Households
2.5
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
124.3 sq mi
ZIP Area
236
Density / Sq Mi
$75,717
Median Household Income
$41,842
Median Earnings
$1,013
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex in Bellefonte with separate entrances and brand new split HVAC systems for each unit.
Where is this duplex located?
The property is located at 230 E BISHOP STREET Bellefonte, PA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Duplex with two units at 230 and 232 E Bishop St, Bellefonte; Each unit has a separate entrance and separate utilities; Brand new split HVAC system in both units
