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    Property profile & analytics

    3 Shaw Ave Lewistown, PA 17044

    • Garden apartment buildings
    • 6,906 SF
    • 0.20 lot acres
    For Sale
    View listing
    $349,900
    Value Estimation
    Location Intelligence
    Property ID
    US73-5117574
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3 Shaw Ave

    Lot size
    0.20 lot acres
    Property size
    6,906 SF
    Property type
    Garden apartment buildings
    APN
    04 ,02-0428--,000
    APU
    4020428000

    Description

    This exceptional investment opportunity presents a seven-unit multi-family property ideally situated in the heart of Lewistown, Pennsylvania. Located within easy walking distance of the downtown area and local shops, this property offers unparalleled convenience and accessibility. The building has undergone renovations, ensuring a high-quality living experience for tenants. The unit mix comprises three three-bedroom, one-bathroom units and four one-bedroom, one-bathroom units. Six of the seven units are currently under yearly leases, providing immediate and consistent rental income. This translates to a strong, established cash flow, making this an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property sits on a 0.2-acre lot. All measurements are approximate. This is a turnkey investment ready for immediate income generation. The prime location and renovated condition make this a rare find in the Lewistown market. Serious inquiries only. A 24-hour notice is required for showings. Don't miss this chance to acquire a valuable asset in a thriving community. This property is priced at $349,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $145,000
      6.5%
      $145,000
      7%
      $150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $175,000
      Mixed-Use
      $155,000
      Hospitality
      $155,000
      Educational
      $170,000
      Residential Income
      $160,000
      Energy
      $150,000
      Income-Based Land
      $135,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewistown
    County
    Mifflin
    State
    Pennsylvania
    Longitude
    -77.5685
    Latitude
    40.601
    CBSA code
    30380
    CBSA name
    LEWISTOWN, PA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,547
    $14,200
    $38,250
    $52,450
    -
    $28,400
    $76,500
    $104,900

    Comparable in this City

    • Value Estimation by Request
      1,844 SF

      241 Logan St

      GARDEN APT, COURT APT (5+ UNITS) • 1,844 SF
      241 Logan St, Lewistown, PA 17044-2579
      View Details
    • Value Estimation
      $320,000
      2,418 SF

      27 Spg Gdn Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,418 SF
      27 Spg Gdn Ave, Lewistown, PA 17044
      View Details
    • Value Estimation
      $190,000
      4,260 SF

      17 Vly St

      GARDEN APT, COURT APT (5+ UNITS) • 4,260 SF
      17 Vly St, Lewistown, PA 17044-1852
      View Details
    • Value Estimation
      $170,000
      2,625 SF

      261 3rd St

      GARDEN APT, COURT APT (5+ UNITS) • 2,625 SF
      261 3rd St, Lewistown, PA 17044-2088
      View Details
    • Value Estimation
      $235,000
      1,260 SF

      Goss Ter

      GARDEN APT, COURT APT (5+ UNITS) • 1,260 SF
      Goss Ter, Lewistown, PA 17044
      View Details
    • Value Estimation by Request
      13,999 SF

      904 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 13,999 SF
      904 Main St, Lewistown, PA 17044-2651
      View Details

    Similar Nearby for Sale

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      0.20 Acres

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      Lewistown Office Building - Great Investment

      Prime Lewistown office building, three suites, high visibility.
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    • Contact for pricing

      Land Available on West Sixth

      Land available, can be connected to public sewer and water.
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    • $1,995,000
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      Spacious Acreage with Mountain Views

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    3 Shaw Ave
    Lewistown, PA 17044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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