Two-Unit Duplex with Detached
For Sale
$210,000
Pending
319 Hepburn St, Milton, PA 17847
Fully rented duplex includes a two-story residence and an apartment positioned above the detached rear garage.
Property Size2,548 SF
Days on Market54
Property Features for 319 Hepburn St
General Information
Standard status
Pending
Size
2,548 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,109
Listing Agency:
SORGE ASSOCIATES REALTY, INC.
(570) 854-0926
Listed By:
BONNIE BOWLIN
(570) 854-0926
Source:
Exprealty
Added: Jun 26
Changed: Aug 18
Last Checked: Aug 18 at 2:20AM
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 SORGE ASSOCIATES REALTY, INC.
Investment Insights
Based on property information with market context.
This 2,548-square-foot duplex is fully rented and includes a two-story residence along with an apartment located above a detached garage. The garage sits at the rear of the property, providing a separate improvement in addition to the main house.
The property is located at 319 Hepburn St in Milton, PA. Its two-unit configuration and existing rental occupancy provide a straightforward residential income property profile, while the detached rear structure adds a distinct apartment component to the layout.
The property is located at 319 Hepburn St in Milton, PA. Its two-unit configuration and existing rental occupancy provide a straightforward residential income property profile, while the detached rear structure adds a distinct apartment component to the layout.
Key Highlights
- Fully rented 2‑unit duplex
- 2,548 square feet of property size
- Two‑story main residence
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
$19,078
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
9.08%
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%
$381,560
$381.6K
Cap Rate 7%
$272,543
$272.5K
Cap Rate 9%
$211,978
$212.0K
Market Conditions
NOI Build-Up for 2,548 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
$29.0K $11.40/SF
− Vacancy
−$1.8K −$0.70/SF
EGI
$27.3K $10.70/SF
− OpEx
−$8.2K −$3.21/SF
NOI
$19.1K $7.49/SF
Area
Northumberland County, PA
Vacancy
6.17%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
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%
$381,560
Cap Rate 7%
$272,543
Cap Rate 9%
$211,978
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.5K – $318.0K
NOI $19,078 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$251.6K
$220.1K – $293.5K
NOI $17,611 @ 7.0% cap · market cap 8.39%
Theoretical Best
Warehouse
$3.10M
$2.71M – $3.62M
NOI $217,027 @ 7.0% cap · market cap 103.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 17847, PA
11,703
Population
5,341
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
93%
High-School Grad
46.3 sq mi
ZIP Area
253
Density / Sq Mi
$56,582
Median Household Income
$36,028
Median Earnings
$835
Median Rent
$185,400
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 - Fully rented duplex includes a two-story residence and an apartment positioned above the detached rear garage.
Where is this duplex located?
The property is located at 319 Hepburn St Milton, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully rented 2‑unit duplex; 2,548 square feet of property size; Two‑story main residence
