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    Remodeled Two-Unit Income Property Title is generated by Realmo AI

    351 South 5th Street, Shamokin, PA 17872

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    For Sale
    $215,000

    Completely remodeled duplex with two separate, updated units and private entrances—ideal for rental income or owner-occupancy.

    Type:Multi-Family / Fee Simple
    Property size:
    2,450 SF
    Price / SF:
    $87/SF
    Added:
    May 23, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 6 at 5:14 am

    Property Features for 351 South 5th Street

    General Information

    Standard status
    Active
    Size
    2,450 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Juan Cortes-Carreno
    Juan Cortes-Carreno

    Listing agent Juan Cortes-Carreno License #RS335816

    Listing office BHHS Homesale Realty- Reading Berks

    Listing date May 23, 2026

    Source Compass

    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 BHHS Homesale Realty- Reading Berks

    HighLights

    • Completely remodeled 2‑unit property built in 1919 at 351 S. 5th St, Shamokin, PA (Shamokin Area School District).
    • 2 units with separate private entrances, each with its own electric panel and separate water heater.
    • First‑floor unit: 1 bedroom with 2 full bathrooms and a finished basement.
    • Second‑floor unit: 3 bedrooms and 1 full bathroom.
    • Individual laundry hookups for each unit.
    • Outdoor space includes a private backyard plus a large porch and patio(s).

    Overview

    This completely remodeled two-unit property offers two updated residences with separate utilities and private entrances, designed to simplify day-to-day management. The first-floor unit features a 1-bedroom layout with a finished basement and two full bathrooms, along with its own electric panel, separate water heater, and individual laundry hookups. The second-floor unit includes three bedrooms and one full bathroom, also with its own private utility setup and laundry hookups. Outside, each home benefits from outdoor space, including a private backyard and a large, welcoming porch.

    Located at 351 South 5th Street in Shamokin, Pennsylvania, the property sits within the Shamokin Area School District. The listing describes the asset as move-in ready and income-producing, with each unit configured for independent occupancy.

    For tenants, the plan supports privacy and convenience through separate entrances, dedicated electric and water systems, and in-unit laundry hookups. For owner-occupants or investors, the duplex configuration provides two distinct rental units with separate utility services, while the finished basement and additional bathroom capacity in the lower unit add practical livable space.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $27.9k $11.40
    − Vacancy −$1.7k −$0.70
    EGI $26.2k $10.70
    − OpEx −$7.9k −$3.21
    NOI $18.3k $7.49
    2,450 SF · lease $11.40/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $262.1K
    $229.3K – $305.8K (±1% cap)
    NOI $18,345 @ 7.0% cap · market cap 8.53%
    Second Best
    Apartment 5plus
    $241.9K
    $211.7K – $282.2K (±1% cap)
    NOI $16,933 @ 7.0% cap · market cap 7.88%
    Theoretical Best
    Warehouse
    $2.98M
    $2.61M – $3.48M (±1% cap)
    NOI $208,680 @ 7.0% cap · market cap 97.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shamokin
    County
    Northumberland
    State
    Pennsylvania
    Longitude
    -76.5600823
    Latitude
    40.7832349

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    FAQs

    What type of property is this?
    Duplex - Completely remodeled duplex with two separate, updated units and private entrances—ideal for rental income or owner-occupancy.
    Where is this duplex located?
    The property is located at 351 South 5th Street Shamokin, PA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Completely remodeled 2‑unit property built in 1919 at 351 S. 5th St, Shamokin, PA (Shamokin Area School District).; 2 units with separate private entrances, each with its own electric panel and separate water heater.; First‑floor unit: 1 bedroom with 2 full bathrooms and a finished basement.
    (610) 372-3200
    We can help!
    Listing Contact
    Juan Cortes-Carreno
    Juan Cortes-Carreno
    Real Estate License ID: RS335816
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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