Building Details

Year Built 1910

Buildings 1

Listing Agency: William Penn Real Estate Assoc e***@williampennassociates.com Show Phone

Listed By: Chester Lapp · License #RS320255 Show Phone

Source: Cummingsrealtors

Added: Oct 21 Changed: Oct 25 Last Checked: Oct 24 at 5:04PM

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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 William Penn Real Estate Assoc

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Investment Insights

Based on property information with market context.

This 1,936-square-foot duplex, built in 1910, contains two three-bedroom, one-bath apartments. Interior updates include kitchens with appliances, bathrooms, flooring, lighting, and fresh paint. Exterior improvements include a roof, windows, and updated paint. Natural gas forced-air heat serves the property, which has public water and sewer.

The building occupies a corner lot along the river, with river views and access. Both apartments are occupied and professionally managed.

Key Highlights

• Two apartments, each with 3 bedrooms and 1 bathroom
• 1,936 square feet; built in 1910
• Occupied units under professional property management

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,381

Cap Rate

8.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,620 $267.6K

Cap Rate 7%

$191,157 $191.2K

Cap Rate 9%

$148,678 $148.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,936 SF

Gross rent

$26.0K $13.44/SF

− Vacancy

−$1.7K −$0.87/SF

EGI

$24.3K $12.57/SF

− OpEx

−$10.9K −$5.65/SF

NOI

$13.4K $6.91/SF

Area

Northumberland County, PA

Vacancy

6.50%

Lease Rate

$13.44 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,620

Cap Rate 7%

$191,157

Cap Rate 9%

$148,678

Alternative Uses

Best Use

Multifamily LT 5

$207.1K

$181.2K – $241.6K (±1% cap)

NOI $14,496 @ 7.0% cap · market cap 9.66%

Second Best

Apartment 5plus

$191.2K

$167.3K – $223.0K (±1% cap)

NOI $13,381 @ 7.0% cap · market cap 8.92%

Theoretical Best

Warehouse

$2.36M

$2.06M – $2.75M (±1% cap)

NOI $164,900 @ 7.0% cap · market cap 109.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

481

Businesses Nearby

Explore this area Business Placement

Demographics for 17801, PA

16,332

Population

7,519

Households

2.2

Avg Household Size

43

Median Age

16%

College-Educated

91%

High-School Grad

66.1 sq mi

ZIP Area

247

Density / Sq Mi

$57,341

Median Household Income

$36,724

Median Earnings

$733

Median Rent

$140,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two occupied apartments feature updated kitchens and baths, with professional management and public water and sewer.

Where is this duplex located?

The property is located at 356 S FRONT STREET Sunbury, PA.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 1,936 square feet; built in 1910; Occupied units under professional property management