Two-Unit Student Housing
391 Lightstreet Road Bloomsburg, PA 17815
For Sale
Contact for pricing
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 Market16
Property Features for 391 Lightstreet Road
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
CENTURY 21 Covered Bridges Realty
Listed By:
Samantha Capita · License #PA
Source:
Crexi
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 4:57PM
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 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 | $18.36 |
| − Vacancy | −$2.1k | −$1.38 |
| EGI | $25.8k | $16.98 |
| − OpEx | −$7.7k | −$5.09 |
| NOI | $18.1k | $11.89 |
1,520 SF · lease $18.36/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
