Two-Story Duplex with
For Sale
Under Contract
$285,000
348/350 E 2ND Street, Bloomsburg, PA 17815
Multi-Family, Two Story, Bloomsburg, PA
Property Size2,336 SF
Lot Size0.25 Acres
Price / SF$122
Days on Market45
Property Features for 348/350 E 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-U
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3
Basement
Full
Subdivision
0-None
Elementary school district
Bloomsburg
Middle school district
Bloomsburg
High school district
Bloomsburg
Directions
Directly down from carver hall on E 2nd street
Standard status
Active Under Contract
APN
05E03 41000
Size
2,336 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
3809
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Amenities
private rear porches
Building Details
Year built
1859
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
TONY DAYHOFF · License #RS354788
(301) 964-0038
Added: Aug 8
Changed: Sep 16
Last Checked: Sep 21 at 3:06AM
MLS# C-2136
Copyright © 2026 Central Susquehanna Valley Board 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 two-story duplex contains a 3-bedroom unit and a 2-bedroom unit within a 2,336-square-foot frame building constructed in 1859. Each residence has its own gas and electric meter, while updated kitchens and private rear porches add functional separation between units. The property also includes a detached 2-car garage, basement space, shingle roofing, steam heat, natural gas service, and public water. Interior updates include fresh paint, new kitchen flooring, and a new dishwasher; garage doors with automatic openers were added in 2026.
The 0.25-acre property is located near Commonwealth University, Geisinger Bloomsburg Hospital, downtown Bloomsburg, and Carver Hall. R-U zoning, separate utilities, and off-street parking support the existing duplex configuration. The address is 348/350 E 2ND Street, Bloomsburg, PA 17815.
The 0.25-acre property is located near Commonwealth University, Geisinger Bloomsburg Hospital, downtown Bloomsburg, and Carver Hall. R-U zoning, separate utilities, and off-street parking support the existing duplex configuration. The address is 348/350 E 2ND Street, Bloomsburg, PA 17815.
Key Highlights
- Two units with 3‑bedroom and 2‑bedroom layouts
- 2,336 square feet on a 0.25‑acre lot
- Separate gas and electric meters for each unit
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
$24,707
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
8.67%
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%
$494,140
$494.1K
Cap Rate 7%
$352,957
$353.0K
Cap Rate 9%
$274,522
$274.5K
Market Conditions
NOI Build-Up for 2,336 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
$48.8K $20.88/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$44.9K $19.23/SF
− OpEx
−$20.2K −$8.65/SF
NOI
$24.7K $10.58/SF
Area
Columbia County, PA
Vacancy
7.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
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%
$494,140
Cap Rate 7%
$352,957
Cap Rate 9%
$274,522
Alternative Uses
Best Use
Multifamily LT 5
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$353.0K
$308.8K – $411.8K
NOI $24,707 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$783.2K
$685.3K – $913.8K
NOI $54,825 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 17815, PA
28,936
Population
12,661
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
125.7 sq mi
ZIP Area
230
Density / Sq Mi
$66,145
Median Household Income
$36,695
Median Earnings
$968
Median Rent
$216,700
Median Home Value
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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 - R-U-zoned duplex with separate utilities, updated kitchens, rear porches, and off-street parking near major local institutions.
Where is this duplex located?
The property is located at 348/350 E 2ND Street Bloomsburg, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two units with 3‑bedroom and 2‑bedroom layouts; 2,336 square feet on a 0.25‑acre lot; Separate gas and electric meters for each unit
