University-Area Duplex with
For Sale
$189,000
80 S Academy St, Mansfield, PA 16933
A two-unit layout includes a three-bedroom residence and a separate one-bedroom apartment.
Property Size1,374 SF
Price / SF$137.55
Days on Market8
Property Features for 80 S Academy St
General Information
Standard status
Active
Size
1,374 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Listing Agency:
Mountain Valley Realty, Inc.
(607) 425-7085
Listed By:
Kristi Gee
(607) 425-7085
Source:
Exprealty
Added: Aug 24
Changed: Aug 31
Last Checked: Aug 31 at 8:44AM
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 Mountain Valley Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex contains two distinct residences with varied layouts. The larger unit has 3 bedrooms, 2 full baths, a kitchen, and two living areas. The upper-level apartment provides 1 bedroom and 1 bath, along with a generously sized living room, gas fireplace, and updated kitchen. A new roof is among the completed improvements.
The property sits directly across from Commonwealth University Mansfield on S Academy St. Onsite parking and a 2-car garage add practical convenience for both residences. Its separate-unit configuration supports an owner-occupant arrangement with additional rental space or continued use as a two-unit income property.
The property sits directly across from Commonwealth University Mansfield on S Academy St. Onsite parking and a 2-car garage add practical convenience for both residences. Its separate-unit configuration supports an owner-occupant arrangement with additional rental space or continued use as a two-unit income property.
Key Highlights
- Directly across from Commonwealth University Mansfield
- Two‑unit property with 3‑bedroom and 1‑bedroom residences
- Larger unit includes 2 full baths and two living areas
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
$9,320
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
4.93%
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%
$186,400
$186.4K
Cap Rate 7%
$133,143
$133.1K
Cap Rate 9%
$103,556
$103.6K
Market Conditions
NOI Build-Up for 1,374 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
$14.0K $10.20/SF
− Vacancy
−$701 −$0.51/SF
EGI
$13.3K $9.69/SF
− OpEx
−$4.0K −$2.91/SF
NOI
$9.3K $6.78/SF
Area
Tioga County, PA
Vacancy
5.00%
Lease Rate
$10.20 /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%
$186,400
Cap Rate 7%
$133,143
Cap Rate 9%
$103,556
Alternative Uses
Best Use
Multifamily LT 5
$133.1K
$116.5K – $155.3K
NOI $9,320 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$123.7K
$108.3K – $144.3K
NOI $8,660 @ 7.0% cap · market cap 4.58%
Theoretical Best
Healthcare Medical
$234.1K
$204.8K – $273.1K
NOI $16,384 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 16933, PA
6,643
Population
3,131
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
94%
High-School Grad
102.6 sq mi
ZIP Area
65
Density / Sq Mi
$60,707
Median Household Income
$27,697
Median Earnings
$783
Median Rent
$200,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit layout includes a three-bedroom residence and a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 80 S Academy St Mansfield, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Directly across from Commonwealth University Mansfield; Two‑unit property with 3‑bedroom and 1‑bedroom residences; Larger unit includes 2 full baths and two living areas
