Two-Unit Student Housing
For Sale
Contact for pricing
391 Lightstreet Road, Bloomsburg, PA 17815
Two-unit residential income property with a 5-bedroom main house and a lower-level unit with 2 bedrooms.
Property Size1,520 SF
Price / SF$345.39
Days on Market112
Property Features for 391 Lightstreet Road
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Multifamily
Zoning
RU
Occupancy
100%
Investment Type
Stabilized
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
CENTURY 21 Covered Bridges Realty
Listed By:
Samantha Capita · License #PA
(570) 764-7355
Source:
Crexi
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 28 at 7:54AM
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 CENTURY 21 Covered Bridges Realty
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Investment Insights
Based on property information with market context.
This two-unit residential income property includes a main house with 5 bedrooms and 2 bathrooms, along with a lower-level unit featuring 2 bedrooms. Gross annual income is approximately $50,000, supporting its use as a student housing investment.
The property is located in the heart of Bloomsburg’s student housing district and is described as being a short distance from campus. Multiple nearby properties are noted as available individually or as a package under one ownership.
Portfolio financials are available upon request, and private tours can be scheduled with Mike Capita or Samantha Capita.
The property is located in the heart of Bloomsburg’s student housing district and is described as being a short distance from campus. Multiple nearby properties are noted as available individually or as a package under one ownership.
Portfolio financials are available upon request, and private tours can be scheduled with Mike Capita or Samantha Capita.
Key Highlights
- Two‑unit residential income property with a 5‑bedroom main house and a separate lower‑level unit with 2 bedrooms
- Year built: 1900
- Gross annual income is approximately $50,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,070
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,400
$361.4K
Cap Rate 7%
$258,143
$258.1K
Cap Rate 9%
$200,778
$200.8K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$27.9K $18.36/SF
− Vacancy
−$2.1K −$1.38/SF
EGI
$25.8K $16.98/SF
− OpEx
−$7.7K −$5.09/SF
NOI
$18.1K $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 Rate 5%
$361,400
Cap Rate 7%
$258,143
Cap Rate 9%
$200,778
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.9K – $301.2K
NOI $18,070 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,077 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$509.6K
$445.9K – $594.6K
NOI $35,674 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with a 5-bedroom main house and a lower-level unit with 2 bedrooms.
Where is this duplex located?
The property is located at 391 Lightstreet Road Bloomsburg, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit residential income property with a 5‑bedroom main house and a separate lower‑level unit with 2 bedrooms; Year built: 1900; Gross annual income is approximately $50,000
