Property summary
Exceptional investment opportunity in Milroy, Pennsylvania's Shalamar Gardens. This 19.24-acre multifamily property boasts a compelling 6.00% cap rate and a $4,500,000 asking price. The portfolio currently includes 19 income-producing rental units constructed between 2018 and 2021, generating $25,000 in monthly rental income. Six units feature garages, with two also including basements. Eight additional units are rented, though they lack garages. The property's strategic location near State… College and Harrisburg, with convenient access to Route 322, enhances its desirability. Beyond the existing rental units, the development plan encompasses 137 individual lots, with over 100 available for future development. 26 lots are fully prepared for construction, complete with necessary infrastructure, including water and sewer connections in some cases. The existing units are individually deeded, offering flexibility for separate sales, rather than condominium restrictions. This presents a unique opportunity to capitalize on existing rental income while simultaneously developing the remaining lots to maximize returns. The property is zoned residential and includes associated roadways, utilities, and stormwater management facilities. Post-development, the roadways will be dedicated to the township, with a homeowners association responsible for stormwater management. This is a rare chance to acquire a substantial, high-yield multifamily portfolio with significant future development potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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