6-Unit Mixed-Use
New
For Sale
$650,000
34 N Main Street, Shenandoah, PA 17976
Residential Income, Shenandoah, PA
Property Size4,356 SF
Lot Size0.10 Acres
Price / SF$149.22
Days on Market2
Property Features for 34 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 5, Bathroom 6
Subdivision
Shenandoah Borough
Standard status
Active
APN
64-05-0407.000
Size
4,356 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7000
Building Details
Year built
1880
Floors in Building
4
Number of units
7
Listing Agency:
Iron Valley Real Estate - Coal Region
Listed By:
Juan David Guevara
(570) 929-4873
Added: Sep 5
Last Checked: Sep 6 at 6:06AM
MLS# PM-144517
Copyright © 2026 Pocono Mountains Association 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 4,356-square-foot mixed-use building, constructed in 1880, contains six occupied units: two commercial spaces and four residential apartments. The property occupies 0.1 acres and includes a vacant third floor that is positioned for construction of up to three additional units, subject to zoning, permits, and approvals.
Six private parking spaces are located behind the building, while additional public parking is available in front. The property is located at 34 N Main Street in Shenandoah, Pennsylvania, within Schuylkill County.
Six private parking spaces are located behind the building, while additional public parking is available in front. The property is located at 34 N Main Street in Shenandoah, Pennsylvania, within Schuylkill County.
Key Highlights
- 6 occupied units: 2 commercial spaces and 4 residential apartments
- 4,356 square feet on 0.1 acres
- Vacant third floor with potential for up to 3 additional units, subject to zoning, permits, and approvals
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
$30,056
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
4.62%
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%
$601,120
$601.1K
Cap Rate 7%
$429,371
$429.4K
Cap Rate 9%
$333,956
$334.0K
Market Conditions
NOI Build-Up for 4,356 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
$52.3K $12.00/SF
− Vacancy
−$4.2K −$0.96/SF
EGI
$48.1K $11.04/SF
− OpEx
−$18.0K −$4.14/SF
NOI
$30.1K $6.90/SF
Area
Schuylkill County, PA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$601,120
Cap Rate 7%
$429,371
Cap Rate 9%
$333,956
Alternative Uses
Best Use
Mixed Use
$429.4K
$375.7K – $500.9K
NOI $30,056 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$340.5K
$297.9K – $397.2K
NOI $23,832 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$653.4K
$571.7K – $762.3K
NOI $45,738 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
406
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
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?
Mixed-use property - Fully occupied commercial and residential property with rear private parking and additional public parking in front.
Where is this mixed-use property located?
The property is located at 34 N Main Street Shenandoah, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6 occupied units: 2 commercial spaces and 4 residential apartments; 4,356 square feet on 0.1 acres; Vacant third floor with potential for up to 3 additional units, subject to zoning, permits, and approvals
