Building Details

Buildings 1

Tenancy Multi

Listing Agency: Keller Williams Elite Show Phone

Listed By: Andrew Bartlett · License #RS337521 Show Phone

Source: Imanirealtors

Added: Aug 2 Changed: Nov 2 Last Checked: Nov 1 at 5:11AM

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Investment Insights

Based on property information with market context.

This 3-unit mixed-use property includes a commercial storefront with a full bathroom and kitchenette, plus two upper residential units. One apartment spans two levels and contains 3 bedrooms, 1 full bath, and in-unit laundry. The other offers 3 bedrooms and 1.5 baths, with private entrances serving the apartments.

Recent improvements include new electrical and plumbing systems, a metal roof, insulated siding, and updated kitchens and bathrooms throughout. An extra lot next door is included with the property. Built in 1860, the building is located at 632 Main St in Lykens, PA 17048.

Key Highlights

• 3‑unit mixed‑use property with commercial space and two apartments
• Storefront includes a full bathroom and kitchenette
• Two‑level apartment features 3 bedrooms, 1 full bath, and in‑unit laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,886

Cap Rate

8.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$557,720 $557.7K

Cap Rate 7%

$398,371 $398.4K

Cap Rate 9%

$309,844 $309.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,781 SF

Gross rent

$41.7K $15.00/SF

− Vacancy

−$1.9K −$0.68/SF

EGI

$39.8K $14.33/SF

− OpEx

−$12.0K −$4.30/SF

NOI

$27.9K $10.03/SF

Area

Dauphin County, PA

Vacancy

4.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$557,720

Cap Rate 7%

$398,371

Cap Rate 9%

$309,844

Alternative Uses

Best Use

Mixed Use

$482.7K

$422.4K – $563.2K (±1% cap)

NOI $33,789 @ 7.0% cap · market cap 9.94%

Second Best

Retail

$398.4K

$348.6K – $464.8K (±1% cap)

NOI $27,886 @ 7.0% cap · market cap 8.20%

Theoretical Best

Specialty Retail

$5.12M

$4.48M – $5.98M (±1% cap)

NOI $358,540 @ 7.0% cap · market cap 105.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

HuggyBuggy632 Daycare Daycare Center

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store Storage Facility Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 17048, PA

4,006

Population

1,771

Households

2.3

Avg Household Size

41

Median Age

13%

College-Educated

86%

High-School Grad

33.7 sq mi

ZIP Area

119

Density / Sq Mi

$72,873

Median Household Income

$45,496

Median Earnings

$809

Median Rent

$136,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated building combines storefront space with two upper-level apartments.

Where is this mixed-use property located?

The property is located at 632 MAIN ST Lykens, PA.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: 3‑unit mixed‑use property with commercial space and two apartments; Storefront includes a full bathroom and kitchenette; Two‑level apartment features 3 bedrooms, 1 full bath, and in‑unit laundry