Remodeled Duplex with Separate
For Sale
$170,000
351 S 5th St, Shamokin, PA 17872
Updated two-unit property with private entrances, laundry hookups, and a backyard.
Property Size1,900 SF
Price / SF$89.47
Days on Market30
Property Features for 351 S 5th St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$699
Amenities
private backyard
porch
laundry hookups
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES HOMESALE REALTY
(570) 385-3456
Listed By:
Dena Renee Guenther · License #RS373381
(570) 385-3456
Source:
Exprealty
Added: Jul 20
Changed: Aug 14
Last Checked: Aug 17 at 8:57PM
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 BERKSHIRE HATHAWAY HOMESERVICES HOMESALE REALTY
Investment Insights
Based on property information with market context.
This 1900 SF duplex at 351 S. 5th St. in Shamokin, PA, contains two remodeled residential units with independent access and utility systems. The first-floor residence includes 1 bedroom, 2 full bathrooms, and a finished basement that adds usable living area. Upstairs, the second unit provides 3 bedrooms and 1 full bathroom.
Each unit has its own entrance, electric panel, water heater, and laundry hookups. Exterior features include a private backyard and a large porch. The two-unit layout supports either rental-income use or owner occupancy with a separate residence for additional household flexibility.
Each unit has its own entrance, electric panel, water heater, and laundry hookups. Exterior features include a private backyard and a large porch. The two-unit layout supports either rental-income use or owner occupancy with a separate residence for additional household flexibility.
Key Highlights
- 1900 SF duplex with 2 residential units
- First‑floor unit includes 1 bedroom, 2 full bathrooms, and a finished basement
- Second‑floor unit offers 3 bedrooms and 1 full bathroom
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
$14,227
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
8.37%
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%
$284,540
$284.5K
Cap Rate 7%
$203,243
$203.2K
Cap Rate 9%
$158,078
$158.1K
Market Conditions
NOI Build-Up for 1,900 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
$21.7K $11.40/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$20.3K $10.70/SF
− OpEx
−$6.1K −$3.21/SF
NOI
$14.2K $7.49/SF
Area
Northumberland County, PA
Vacancy
6.17%
Lease Rate
$11.40 /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%
$284,540
Cap Rate 7%
$203,243
Cap Rate 9%
$158,078
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,227 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$187.6K
$164.2K – $218.9K
NOI $13,132 @ 7.0% cap · market cap 7.72%
Theoretical Best
Warehouse
$2.31M
$2.02M – $2.70M
NOI $161,833 @ 7.0% cap · market cap 95.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 17872, PA
9,223
Population
5,419
Households
1.7
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
43.0 sq mi
ZIP Area
214
Density / Sq Mi
$44,395
Median Household Income
$37,089
Median Earnings
$659
Median Rent
$79,400
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 - Updated two-unit property with private entrances, laundry hookups, and a backyard.
Where is this duplex located?
The property is located at 351 S 5th St Shamokin, PA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1900 SF duplex with 2 residential units; First‑floor unit includes 1 bedroom, 2 full bathrooms, and a finished basement; Second‑floor unit offers 3 bedrooms and 1 full bathroom
