Updated Duplex with Paved
For Sale
$347,000
Pending
328 MYRTLE STREET, Bellefonte, PA 16823
Both residences offer two bedrooms and one-and-a-half baths with recent updates.
Property Size2,112 SF
Days on Market55
Property Features for 328 MYRTLE STREET
General Information
Standard status
Pending
Size
2,112 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,632
Building Details
Building Size
2,112 SF
Year Built
1988
Listing Agency:
Keller Williams Advantage Realty
Listed By:
Nyssa Smith · License #RS216690L
(814) 883-8830
Source:
Nelsonrealtypa
Added: Aug 30
Changed: Oct 21
Last Checked: Oct 21 at 4:07AM
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
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Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two separately configured residences, each with two bedrooms and one full and one half bath. Both units have been recently updated, and a block wall divides the residences for added separation. Paved parking serves the property.
The building is positioned between Bellefonte and State College, with shopping nearby and access to Penn State within a quick drive. Both sides are fully rented through 07/31/27, providing an established occupancy profile for the property.
The building is positioned between Bellefonte and State College, with shopping nearby and access to Penn State within a quick drive. Both sides are fully rented through 07/31/27, providing an established occupancy profile for the property.
Key Highlights
- Two‑unit property with 4 total bedrooms, 2 full baths, and 2 half baths
- Each side includes 2 bedrooms and 1 full and 1 half bath
- Both units were recently updated
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one-and-a-half baths with recent updates.
Where is this duplex located?
The property is located at 328 MYRTLE STREET 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: Two‑unit property with 4 total bedrooms, 2 full baths, and 2 half baths; Each side includes 2 bedrooms and 1 full and 1 half bath; Both units were recently updated
