Remodeled Two-Unit Income
351 South 5th Street Shamokin, PA 17872
351 South 5th Street, Shamokin, PA, 17872
$215,000
For Sale
$215,000
Completely remodeled duplex with two separate, updated units and private entrances—ideal for rental income or owner-occupancy.
Property Size2,450 SF
Price / SF$87.76
Days on Market93
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
Listing agency
BHHS Homesale Realty- Reading Berks
(610) 372-3200
Listed by
Juan Cortes-Carreno · License #RS335816
(610) 372-3200
Source
Compass
Added: Apr 20 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 8:31AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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.
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
NOI $18,345 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$241.9K
$211.7K – $282.2K
NOI $16,933 @ 7.0% cap · market cap 7.88%
Theoretical Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,680 @ 7.0% cap · market cap 97.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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.
