Duplex with Owner-Occupied
New
For Sale
$185,000
282-284 QUEEN Street, Northumberland, PA 17857
MULTI_FAMILY - Northumberland, PA
Property Size2,424 SF
Price / SF$76.32
Days on Market4
Property Features for 282-284 QUEEN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bedroom 6, Bathroom 2, Bathroom 1
Basement
Full
Subdivision
0-None
Elementary school district
Shikellamy
Middle school district
Shikellamy
High school district
Shikellamy
Directions
QUEEN STREET
Standard status
Active
APN
1-2-124
Size
2,424 SF
Taxes and HOA fees
Tax Annual Amount
1884
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
SQUARE DIEHL REALTY INC
(570) 286-6344
Listed By:
DEBRA F BROUSE · License #AB043914A
(570) 286-6344
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 10 at 1:06AM
MLS# C-2130
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.
Investment Insights
Based on property information with market context.
This Northumberland duplex contains 2,424 square feet across two residential units at 282-284 Queen Street. The property includes six bedrooms, two bathrooms, and a basement, with a frame structure, shingle roof, and natural-gas heating. Public water serves the building, and construction dates to 1920.
The unit at 282 is owner occupied, while 284 is leased to a long-term tenant. The existing arrangement provides flexibility for an owner occupant or for leasing both sides, subject to buyer and buyer-agent verification of property details and room dimensions.
The unit at 282 is owner occupied, while 284 is leased to a long-term tenant. The existing arrangement provides flexibility for an owner occupant or for leasing both sides, subject to buyer and buyer-agent verification of property details and room dimensions.
Key Highlights
- Duplex contains 2,424 square feet
- Six bedrooms, two bathrooms, and a basement
- 282 is owner occupied; 284 has a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,080
$335.1K
Cap Rate 7%
$239,343
$239.3K
Cap Rate 9%
$186,156
$186.2K
Market Conditions
NOI Build-Up for 2,424 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $18,150 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,754 @ 7.0% cap · market cap 9.06%
Theoretical Best
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,465 @ 7.0% cap · market cap 111.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Mixed-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Frame construction, natural-gas heat, and public water support the two-unit residential configuration.
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: Duplex contains 2,424 square feet; Six bedrooms, two bathrooms, and a basement; 282 is owner occupied; 284 has a long‑term tenant
