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233 Market St 4 Unit Apartment Building $915,000 ($228,750/Unit) 5.74% Cap Rate Lewisburg, PA 17837
Investment Highlights
- Prime Downtown Location for Retail, Restaurant or Office
- Heavy foot traffic and drive-by traffic (13,000 vehicles per day)
Executive Summary
Prime Downtown Lewisburg Location. This property is well-suited for commercial use on the ground level, and it has 4 residential units upstairs. It's perfect for the investor or the owner-occupant who wants to operate a business and collect steady rental income from the apartments. The building enjoys excellent foot and drive-by traffic. The 1st floor is set up as a restaurant but could be returned to retail or office use. All commercial kitchen equipment, walk-in cooler and furnishings are included. The 2nd floor has a 2 bedroom, 1.5 bathroom apartment currently used as a short-term rental in high demand. All furnishings for the short-term rental are also included. The 3rd floor has three 1 bedroom, 1 bathroom apartments. Priced at $915,000.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,600
|
$23.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,600
|
$23.01
|
| Taxes |
$7,327
|
$2.23
|
| Operating Expenses |
$15,750
|
$4.79
|
| Total Expenses |
$23,077
|
$7.02
|
| Net Operating Income |
$52,523
|
$15.99
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $75,600 |
| Annual Per SF | $23.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,600 |
| Annual Per SF | $23.01 |
| Taxes | |
|---|---|
| Annual | $7,327 |
| Annual Per SF | $2.23 |
| Operating Expenses | |
|---|---|
| Annual | $15,750 |
| Annual Per SF | $4.79 |
| Total Expenses | |
|---|---|
| Annual | $23,077 |
| Annual Per SF | $7.02 |
| Net Operating Income | |
|---|---|
| Annual | $52,523 |
| Annual Per SF | $15.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | - |
| 1+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 008-013-158.00000 | Total Assessment | $184,700 |
| Land Assessment | $2,700 | Annual Taxes | $7,327 ($2.23/SF) |
| Improvements Assessment | $182,000 | Tax Year | 2026 |
Property Taxes
Parcel Number
008-013-158.00000
Land Assessment
$2,700
Improvements Assessment
$182,000
Total Assessment
$184,700
Annual Taxes
$7,327 ($2.23/SF)
Tax Year
2026
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233 Market St
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