Apartment Building With Storage
New
For Sale
$415,000
Pending
670 Susquehanna Trl, Northumberland, PA 17857
Income-producing property combining residential units, storage space, and a leased commercial billboard.
Property Size2,986 SF
Lot Size1.27 Acres
Days on Market4
Property Features for 670 Susquehanna Trl
General Information
Standard status
Pending
Size
2,986 SF
Lot size
1.27 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Self-Storage Units
4
Multifamily Units
5
Building Details
Year Built
1942
Listing Agency:
William Penn Real Estate Assoc
(717) 629-1928
Listed By:
Chester Lapp · License #RS320255
Source:
Kandorre
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 17 at 5:17PM
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 William Penn Real Estate Assoc
Investment Insights
Based on property information with market context.
This 2,986-square-foot apartment property, constructed in 1942, includes five rental apartments and four storage units on 1.27 acres. One apartment has received refreshed paint and kitchen improvements. The asset also includes a leased commercial billboard, creating multiple revenue components within one property. Recent capital improvements include a new roof, gutters, windows, and exterior paint.
The property is located along Susquehanna Trail in Northumberland, PA, with public water and sewer serving the site. Professional management is in place, and the property includes a combination of residential, storage, and billboard income sources.
The property is located along Susquehanna Trail in Northumberland, PA, with public water and sewer serving the site. Professional management is in place, and the property includes a combination of residential, storage, and billboard income sources.
Key Highlights
- Five rental apartments on 1.27 acres
- Four storage units included
- Leased commercial billboard adds another revenue component
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
$34,990
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
8.43%
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%
$699,800
$699.8K
Cap Rate 7%
$499,857
$499.9K
Cap Rate 9%
$388,778
$388.8K
Market Conditions
NOI Build-Up for 2,986 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
$53.7K $18.00/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$50.0K $16.74/SF
− OpEx
−$15.0K −$5.02/SF
NOI
$35.0K $11.72/SF
Area
Northumberland County, PA
Vacancy
7.00%
Lease Rate
$18.00 /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%
$699,800
Cap Rate 7%
$499,857
Cap Rate 9%
$388,778
Alternative Uses
Best Use
Warehouse
$3.63M
$3.18M – $4.24M
NOI $254,334 @ 7.0% cap · market cap 61.29%
Second Best
Self Storage
$499.9K
$437.4K – $583.2K
NOI $34,990 @ 7.0% cap · market cap 8.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 17857, PA
7,743
Population
3,721
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
26.7 sq mi
ZIP Area
290
Density / Sq Mi
$64,306
Median Household Income
$41,109
Median Earnings
$948
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing property combining residential units, storage space, and a leased commercial billboard.
Where is this apartment building located?
The property is located at 670 Susquehanna Trl Northumberland, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Five rental apartments on 1.27 acres; Four storage units included; Leased commercial billboard adds another revenue component
