Renovated
New
For Sale
$347,000
328-330 MYRTLE ST, Bellefonte, PA 16823
Two separately leased residences each offer a two-bedroom, one-and-a-half-bathroom layout and paved parking.
Property Size2,112 SF
Price / SF$164.30
Days on Market7
Property Features for 328-330 MYRTLE ST
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,285
Building Details
Buildings
1
Listing Agency:
Keller Williams Advantage Realty
(814) 272-3333
Listed By:
Nyssa Smith · License #RS216690L
(814) 883-8830
Source:
Keygroupmd
Added: Oct 1
Last Checked: Oct 5 at 6:40PM
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 Keller Williams Advantage Realty
Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex contains two residences, each with two bedrooms and one full and one half bath. Recent renovations were completed on both sides, and a block wall separates the units. Paved parking serves the property.
Both residences are leased through 07/31/27. The property is situated between Bellefonte and State College, with access to restaurants, shopping, entertainment, sports, and schools; State College and Penn State are minutes away.
Both residences are leased through 07/31/27. The property is situated between Bellefonte and State College, with access to restaurants, shopping, entertainment, sports, and schools; State College and Penn State are minutes away.
Key Highlights
- 2,112‑square‑foot duplex with two residences
- Each side has 2 bedrooms and 1 full and 1 half bath
- Both units recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,744
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,880
$374.9K
Cap Rate 7%
$267,771
$267.8K
Cap Rate 9%
$208,267
$208.3K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$28.6K $13.56/SF
− Vacancy
−$1.9K −$0.88/SF
EGI
$26.8K $12.68/SF
− OpEx
−$8.0K −$3.80/SF
NOI
$18.7K $8.88/SF
Area
Centre County, PA
Vacancy
6.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,880
Cap Rate 7%
$267,771
Cap Rate 9%
$208,267
Alternative Uses
Best Use
Multifamily LT 5
$267.8K
$234.3K – $312.4K
NOI $18,744 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$240.1K
$210.1K – $280.1K
NOI $16,807 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$466.4K
$408.1K – $544.2K
NOI $32,651 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
502
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
Check the figures for this property
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?
Duplex - Two separately leased residences each offer a two-bedroom, one-and-a-half-bathroom layout and paved parking.
Where is this duplex located?
The property is located at 328-330 MYRTLE ST Bellefonte, PA.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: 2,112‑square‑foot duplex with two residences; Each side has 2 bedrooms and 1 full and 1 half bath; Both units recently renovated
