Duplex with Two-Story Upper
For Sale
$200,000
403 W CENTRE STREET, Mahanoy City, PA 17948
Separate utility meters serve a two-bedroom lower residence and a four-bedroom upper residence.
Property Size1,742 SF
Price / SF$114.81
Days on Market8
Property Features for 403 W CENTRE STREET
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$24,600
Tenant in Place
Yes
Amenities
backyard
deck
Building Details
Year Built
1891
Listing Agency:
I-DO Real Estate
(484) 951-1655
Listed By:
Basel Ido · License #SB065757
(484) 725-0934
Source:
Cummingsrealtors
Added: Oct 25
Changed: Nov 1
Last Checked: Nov 1 at 5:22AM
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 I-DO Real Estate
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Investment Insights
Based on property information with market context.
This 2,176-square-foot duplex in Mahanoy City dates to 1891. The first-floor residence has two bedrooms and one bathroom, while the four-bedroom upper residence occupies two floors. The property also includes a deck and a backyard, with separate utility meters for the two units.
The first-floor unit is tenant-occupied under an existing lease. The upper unit is expected to be vacant at the beginning of the upcoming month, according to the stated occupancy information.
The first-floor unit is tenant-occupied under an existing lease. The upper unit is expected to be vacant at the beginning of the upcoming month, according to the stated occupancy information.
Key Highlights
- 2,176‑square‑foot duplex
- First‑floor unit has 2 bedrooms and 1 bathroom
- Upper unit has 4 bedrooms across two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,261
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,220
$205.2K
Cap Rate 7%
$146,586
$146.6K
Cap Rate 9%
$114,011
$114.0K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$15.7K $9.00/SF
− Vacancy
−$1.0K −$0.59/SF
EGI
$14.7K $8.42/SF
− OpEx
−$4.4K −$2.52/SF
NOI
$10.3K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,220
Cap Rate 7%
$146,586
Cap Rate 9%
$114,011
Alternative Uses
Best Use
Multifamily LT 5
$146.6K
$128.3K – $171.0K
NOI $10,261 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$136.2K
$119.1K – $158.9K
NOI $9,531 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$261.3K
$228.6K – $304.9K
NOI $18,291 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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Business Placement
Demographics for 17948, PA
4,258
Population
2,555
Households
1.7
Avg Household Size
43
Median Age
9%
College-Educated
85%
High-School Grad
19.2 sq mi
ZIP Area
222
Density / Sq Mi
$45,720
Median Household Income
$36,063
Median Earnings
$932
Median Rent
$39,600
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 - Separate utility meters serve a two-bedroom lower residence and a four-bedroom upper residence.
Where is this duplex located?
The property is located at 403 W CENTRE STREET Mahanoy City, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,176‑square‑foot duplex; First‑floor unit has 2 bedrooms and 1 bathroom; Upper unit has 4 bedrooms across two floors
