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$361.84
Days on Market66
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) 784-2821
Source:
Crexi
Added: Jul 9
Changed: Sep 10
Last Checked: Sep 11 at 7:02AM
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
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 = 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
$18,070
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
3.29%
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%
$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
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
$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 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%
$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 3.29%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,077 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$509.6K
$445.9K – $594.6K
NOI $35,674 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 $550,000.
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
