Building Details

Year Built 1920

Buildings 1

Tenancy Single

Listing Agency: SQUARE DIEHL REALTY INC

Listed By: DEBRA F BROUSE · License #AB043914A Show Phone

Source: Compass

Added: Aug 7 Changed: Oct 27 Last Checked: Oct 26 at 3:15PM

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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 SQUARE DIEHL REALTY INC

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Investment Insights

Based on property information with market context.

This duplex at 282-284 Queen Street in Northumberland contains 2,424 square feet. Built in 1920, it is zoned R. One side is occupied by the owner, and the other is leased to a long-term tenant, providing two distinct living spaces with different occupancy arrangements.

Key Highlights

• 2,424 square feet
• Two‑unit duplex built in 1920
• One side is owner‑occupied; the other has a long‑term tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,754

Cap Rate

9.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$335,080 $335.1K

Cap Rate 7%

$239,343 $239.3K

Cap Rate 9%

$186,156 $186.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,424 SF

Gross rent

$32.6K $13.44/SF

− Vacancy

−$2.1K −$0.87/SF

EGI

$30.5K $12.57/SF

− OpEx

−$13.7K −$5.65/SF

NOI

$16.8K $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 Rate 5%

$335,080

Cap Rate 7%

$239,343

Cap Rate 9%

$186,156

Alternative Uses

Best Use

Multifamily LT 5

$259.3K

$226.9K – $302.5K (±1% cap)

NOI $18,150 @ 7.0% cap · market cap 9.81%

Second Best

Apartment 5plus

$239.3K

$209.4K – $279.2K (±1% cap)

NOI $16,754 @ 7.0% cap · market cap 9.06%

Theoretical Best

Warehouse

$2.95M

$2.58M – $3.44M (±1% cap)

NOI $206,465 @ 7.0% cap · market cap 111.60%

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

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

275

Businesses Nearby

Explore this area Business Placement

Demographics for 17857, PA

7,743

Population

3,721

Households

2.1

Avg Household Size

47

Median Age

24%

College-Educated

92%

High-School Grad

26.7 sq mi

ZIP Area

290

Density / Sq Mi

$64,306

Median Household Income

$41,109

Median Earnings

$948

Median Rent

$191,800

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

See more

Duplex with Three-Car Garage

198 HANOVER Street, Northumberland, PA 17857

$189,900

1,238 SF

View details

Apartment and Storage Income Property

670 Susquehanna Trl, Northumberland, PA 17857

$415,000

2,986 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - One residence is owner-occupied, while the other has a long-term tenant.

Where is this duplex located?

The property is located at 282-284 Queen Street Northumberland, 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: 2,424 square feet; Two‑unit duplex built in 1920; One side is owner‑occupied; the other has a long‑term tenant