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About This Home
This 0-bedroom, 0-bathroom residential multi family at 232 S DIAMOND ST in Shamokin, PA is listed for $729,900 ($49 per sqft). Built in 1917, the home offers 14,778 sqft of living space on a 3.68 acres lot.
Attention Investors: This 12-property portfolio is seeking new owners. Properties are situated in Shamokin, Lansford, Lewistown, and Sunbury, with some vacancies. The majority of occupied properties are month-to-month leases, with tenants responsible for utilities, facilitating a smooth transition for new owners.
Undervalued rents present substantial potential within this portfolio. The current owner assumes responsibility for sewer and tax payments, resulting in annual expenses of $16,776. Annual rents amount to $65,520(Potential Annual Rents $149,160), generating a cash flow of $48,744.
Eight properties are currently occupied, six of which are month-to-month leases. Two longer-term leases conclude in December 2026, leaving four vacant properties that can be rented for premium rates upon renovation. This portfolio presents a confluence of favorable factors: a motivated seller, undervalued rents, vacant properties, and opportunities for growth and improvements.
With the appropriate strategy, this portfolio can transform into a highly lucrative asset. Currently, the portfolio offers a 6.6% Cap Rate. By increasing rents to market rates, it can provide for a lifetime of income. Schedule a showing to make this portfolio yours.
This portfolio consists of **815 E Webster St Shamokin PA(3B 1B $900).... **918 Race St Shamokin PA(3B 1.5B Owner Occupied).... **35 Hibridge Cir Lewistown PA(3B 1B Vacant).... **6 & 28 S Franklin St Shamokin PA(2B 1B Each $625 & $600).... **513 W Mulberry St Shamokin PA(3B 1B $650 Additional Lot)....
**135 E Arch St Shamokin PA(3B 1B $650).... **123 N Grant St Shamokin PA(4B 1B Vacant).... **212 E Snyder Ave Lansford PA(2B 1B $625).... **444 Kreamer Ave Sunbury PA(4B 1B $910).... **4685 Upper Rd Shamokin PA(3B 1B Vacant).... and 34 N Rock St Shamokin PA(5 Garage Bays $500)!
Key Features
- Built in 1917
- 3.68 acre lot
- 12 parking spaces
- Fireplace
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$3,904/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
232 S DIAMOND ST
Shamokin, PA 17872
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 232 S DIAMOND ST is listed at $729,900 ($49/sqft). The estimated monthly payment is $3,163 based on 20% down at 6.5% interest.
Key features include: Built in 1917, 3.68 acre lot, 12 parking spaces, Fireplace, Waterfront. Interior Features: Attic, Breakfast Area, Combination Dining/Living.
This property is listed by Eugene Prentice and can be reached at 3473565321 or prentice571@gmail.com.


