Three-Duplex Residential
For Sale
$750,000
Pending
424-434 Blanchard St, Bellefonte, PA 16823
Electric baseboard heating and included kitchen appliances serve the residential units.
Property Size2,472 SF
Days on Market205
Property Features for 424-434 Blanchard St
General Information
Standard status
Pending
Size
2,472 SF
Total Parking Spaces
15
Property subtype
Residential Income
Zoning
RA
Taxes and HOA fees
Annual Taxes
$7,491
Amenities
Baseboard, Electric
Refrigerator, Electric Oven, Electric Range, Electric Water Heater
Traditional
Building Details
Building Size
2,472 SF
Year Built
1900
Stories
2
Listing Agency:
RE/MAX Centre Realty
Listed By:
Rick Swanger · License #RS182055L
(814) 574-3325
Source:
Evrealestate
Added: Mar 30
Changed: Oct 10
Last Checked: Oct 19 at 4:57AM
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 RE/MAX Centre Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property comprises three duplexes with a combined 2,472 square feet. Built in 1900, the buildings have traditional exteriors and electric baseboard heat. Appliances include refrigerators, electric ovens, electric ranges, and electric water heaters.
The property is at 424-434 Blanchard St in Bellefonte, Pennsylvania, and is zoned RA.
The property is at 424-434 Blanchard St in Bellefonte, Pennsylvania, and is zoned RA.
Key Highlights
- Three duplexes with 2,472 square feet combined
- Built in 1900; RA zoning
- Electric baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,939
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,780
$438.8K
Cap Rate 7%
$313,414
$313.4K
Cap Rate 9%
$243,767
$243.8K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$33.5K $13.56/SF
− Vacancy
−$2.2K −$0.88/SF
EGI
$31.3K $12.68/SF
− OpEx
−$9.4K −$3.80/SF
NOI
$21.9K $8.88/SF
Area
Centre County, PA
Vacancy
6.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,780
Cap Rate 7%
$313,414
Cap Rate 9%
$243,767
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.7K
NOI $21,939 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$546.0K
$477.7K – $637.0K
NOI $38,217 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 16823, PA
29,345
Population
11,679
Households
2.5
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
124.3 sq mi
ZIP Area
236
Density / Sq Mi
$75,717
Median Household Income
$41,842
Median Earnings
$1,013
Median Rent
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Electric baseboard heating and included kitchen appliances serve the residential units.
Where is this duplex located?
The property is located at 424-434 Blanchard St Bellefonte, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three duplexes with 2,472 square feet combined; Built in 1900; RA zoning; Electric baseboard heat
