Duplex With Detached
New
For Sale
$315,000
348/350 E 2ND Street, Bloomsburg, PA 17815
MULTI_FAMILY - Bloomsburg, PA
Property Size2,336 SF
Lot Size0.25 Acres
Price / SF$134.85
Days on Market3
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
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Basement
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
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
updated kitchens
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: Aug 9
Last Checked: Aug 10 at 11:06PM
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 frame duplex contains two residential units measuring 2,336 square feet in total, with a three-bedroom layout and a two-bedroom layout. Each unit has separate gas and electric metering, an updated kitchen, and a private rear porch. The property also includes a detached two-car garage, off-street parking, a basement, public water, steam and natural gas heat, and a shingle roof. Built in 1859, the building is located in Bloomsburg and carries R-U zoning.
Recent work includes fresh interior paint, new kitchen flooring, a new dishwasher, and garage doors with automatic openers completed in 2026. Commonwealth University, Geisinger Bloomsburg Hospital, downtown Bloomsburg, and Carver Hall are identified nearby, placing the property within an established residential and institutional setting.
Recent work includes fresh interior paint, new kitchen flooring, a new dishwasher, and garage doors with automatic openers completed in 2026. Commonwealth University, Geisinger Bloomsburg Hospital, downtown Bloomsburg, and Carver Hall are identified nearby, placing the property within an established residential and institutional setting.
Key Highlights
- Two‑unit duplex with 2,336 square feet and 0.25 acres
- Separate 3‑bedroom and 2‑bedroom units
- Individual 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
$27,771
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
8.82%
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%
$555,420
$555.4K
Cap Rate 7%
$396,729
$396.7K
Cap Rate 9%
$308,567
$308.6K
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
$42.9K $18.36/SF
− Vacancy
−$3.2K −$1.38/SF
EGI
$39.7K $16.98/SF
− OpEx
−$11.9K −$5.09/SF
NOI
$27.8K $11.89/SF
Area
Columbia County, PA
Vacancy
7.50%
Lease Rate
$18.36 /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%
$555,420
Cap Rate 7%
$396,729
Cap Rate 9%
$308,567
Alternative Uses
Best Use
Multifamily LT 5
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$353.0K
$308.8K – $411.8K
NOI $24,707 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$783.2K
$685.3K – $913.8K
NOI $54,825 @ 7.0% cap · market cap 17.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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 - Two separately metered units offer updated kitchens, private rear porches, and off-street parking.
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 $315,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,336 square feet and 0.25 acres; Separate 3‑bedroom and 2‑bedroom units; Individual gas and electric meters for each unit
