Five-Unit Apartment
For Sale
$309,900
309 309-311 E Centre St, Shenandoah, PA 17976
Mixed one-, two-, and three-bedroom layouts with rear parking and leased apartments.
Property Size4,500 SF
Price / SF$68.87
Days on Market70
Property Features for 309 309-311 E Centre St
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
5
Units
Unit Mix
1 x 1BR, 3 x 2BR, 1 x 3BR
Multifamily Units
5
Building Details
Year Built
1920
Buildings
1
Listing Agency:
McDermott Real Estate
Listed By:
Ralph Robert Marranzini · License #RS332464
(215) 859-8393
Source:
Thecazagroup
Added: Aug 7
Changed: Sep 8
Last Checked: Sep 7 at 11:20AM
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 McDermott Real Estate
Investment Insights
Based on property information with market context.
This 4,500-square-foot apartment building, constructed in 1920, contains five residential units with a mix of one-bedroom, two-bedroom, and three-bedroom layouts. The third-floor apartment is currently configured with three bedrooms and has room for a potential fourth bedroom. The property is being sold as-is.
All apartments have leases and security deposits in place. Parking includes street spaces and a rear lot with room for 5 cars. The building is located at 309-311 E Centre St in Shenandoah, Pennsylvania, near Mr's T's Perogies factory.
All apartments have leases and security deposits in place. Parking includes street spaces and a rear lot with room for 5 cars. The building is located at 309-311 E Centre St in Shenandoah, Pennsylvania, near Mr's T's Perogies factory.
Key Highlights
- Five‑unit apartment building with 4,500 SF of total property size
- Unit mix includes 1 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartment
- Third‑floor unit has room to make it a 4 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,620
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,400
$492.4K
Cap Rate 7%
$351,714
$351.7K
Cap Rate 9%
$273,556
$273.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$47.5K $10.56/SF
− Vacancy
−$2.8K −$0.61/SF
EGI
$44.8K $9.95/SF
− OpEx
−$20.1K −$4.48/SF
NOI
$24.6K $5.47/SF
Area
Schuylkill County, PA
Vacancy
5.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,400
Cap Rate 7%
$351,714
Cap Rate 9%
$273,556
Alternative Uses
Best Use
Apartment 5plus
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 17976, PA
5,933
Population
3,315
Households
1.8
Avg Household Size
42
Median Age
14%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
781
Density / Sq Mi
$46,684
Median Household Income
$40,361
Median Earnings
$827
Median Rent
$47,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed one-, two-, and three-bedroom layouts with rear parking and leased apartments.
Where is this apartment building located?
The property is located at 309 309-311 E Centre St Shenandoah, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Five‑unit apartment building with 4,500 SF of total property size; Unit mix includes 1 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartment; Third‑floor unit has room to make it a 4 bedroom
