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Mifflin County, PA – 4 Units (2 SFR + 1 Duplex) Available

  • $170,000

Photos Link 

*GIS Map and Floor Plans Included

https://photos.app.goo.gl/y9MjWzT54iRwxN7W6

Buy & Hold Overview

Current

  • Units: 4 ( 2- SFR, 1 Duplex)
  • Gross Rents: $3,100 (Monthly)
  • Annual NOI: $20,160
  • Cap Rate: 11.86%
  • Cash on Cash Return: 19.20%
  • Lease Type: Month to Month Leases

Projected

  • Units: 4 ( 2- SFR, 1 Duplex)
  • Gross Rents: $3,700 (Monthly)
  • Annual NOI: $25,920
  • Cap Rate: 12.96%
  • Cash on Cash Return: 23.99%
  • ARV (After Repair Value): $236k conservatively based on comps
  • Repair Estimate: $30k-$40k

Highlights

  • 3 Properties side by side
  • Proximity to local amenities 

Repair Estimate

Total Estimated Repair Range: $30,000-$40,000 to turn the units. 

*This is not a high-end estimate to drastically update each unit to a high-end ARV finish

https://docs.google.com/spreadsheets/d/1CtiFS8jtJQu3aIIzKS5T9DGi_BEXmkue/edit?usp=sharing&ouid=117133840404685442397&rtpof=true&sd=true

Current & Estimated Rental Analysis 

https://docs.google.com/spreadsheets/d/1Q5TAS9hGPWE-mXEcNqeelqrZVNU95WCOTto0Ltm9AyI/edit?usp=sharing

Utilities

  • Heat: Heat is paid by tenants
  • Electric: Electric metered separately, tenants pay 
  • Water/Sewer: Metered separate, could be paid by tenants
  • Trash: Landlord pays, could be passed off to tenants

Property Details

  • Units: 4 ( 2- SFR, 1 Duplex)
  • Lot Size: 0.04, 0.03, & 0.03 
  • Year Built: 1930, 1950, & 1955
  • Zoning: Residential
  • Stories: 2 each building 
  • Heat: Oil/Electric Baseboard
  • Electric: All units have minimum of 100amp panels with romex wiring
  • Plumbing: Copper, PVC, some pex
  • Water: public
  • Sewer: public
  • Roof: Metal/rubber, exact age unknown, roughly 20 years old with some repairs made over last 10 years
  • Foundation: Stone, no major issues or sagging noted
  • Windows: Vinyl replacement 
  • Water Heater: type, condition, age
  • Garage: NONE
  • Features: All units are side by side, conveniently located close to all local amenities 
  • Flooring: Various types, lvp flooring, vinyl, carpet, etc
  • Flood Zone: No
  • Mold Noted: None noted
  • Water Damage: No current water damage or leaks noted 
  • Water in Basement: none noted
  • Taxes: $3,760 total

Comparable Sales/CMA

*we recommend any potential investor do their own due diligence and to use these as a point of reference only

ARV (After Repair Value) Comps: See CMA for additional comps

9 Main St, Lewistown, PA 17044

See CMA for additional information

3 units, 4 bed, 3 bath, 3060 sqft, 0.11 acre lot, 0.3 mile from subject property

Sold for $193,000 on 11/7/25, DOM (days on market):  16

Price Per Unit: $63,000

140 W Market St, Lewistown, PA 17044 (Mid Grade {Outdated Property with one unit needing renovations completed} – See CMA for photos and details. Based on interior photos it is well kept but outdated)

3 Units, 6 bed, 3 bath, 2344 sqft, 0.11 acre lot, 0.6 miles from subject property

Sold for $150,000 on 12/01/2024, DOM (days on market): 45

Price Per Unit: $50,000

https://www.zillow.com/homedetails/700-702-S-Main-St-Lewistown-PA-17044/449887143_zpid/

700-702 S Main St, Lewistown, PA 17044

3 Units, 7 bed,3 bath, 3572 sqft, 0.13 acre lot, 0.9  miles from subject property

Sold for $195,000 on 12/27/2024, DOM (days on market): 40

Price Per Unit: $65,000

ARV (After Repair Value) Estimate

Average PPU (Price Per Unit): $59,000

Subject Property Units: 4

Conservative ARV Estimate: $237,000

CMA LINK:

SFR CMA

Multi-Family CMA 

Estimated Market Rents

Zillow:

https://www.zillow.com/homedetails/20-Spring-St-APT-5-Lewistown-PA-17044/2081211240_zpid/

  • 2 Bed/1 Bath
    • $795/mo W/S/T Included
      • Electric Baseboard Heat

https://www.zillow.com/homedetails/22-N-Main-St-D-Lewistown-PA-17044/2083365421_zpid/

  • 1 Bed/1 Bath
    • $700/mo W/S/T Included
      • Electric Baseboard Heat

​​https://www.zillow.com/homedetails/Lewistown-PA-17044/230473309_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

  • 3 Bed/1 Bath House
    • $950/mo + pet fee

https://www.zillow.com/homedetails/20-S-Main-St-503-Lewistown-PA-17044/418272897_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

  • 2 Bed/1 Bath 
    • $950/mo
      • Tenant pays all utilities 

https://www.zillow.com/homedetails/Lewistown-PA-17044/457828702_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

  • 2 Bed/1 Bath
    • $950/mo
      • Tenant pays all utilities 

https://www.zillow.com/homedetails/214-Logan-St-Lewistown-PA-17044/230473254_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare

  • 4 Bed/1 Bath
    • $1590/mo
      • Tenant pays all utilities

https://www.zillow.com/homedetails/7-S-Juniata-St-E-Lewistown-PA-17044/454571711_zpid/

  • 1 Bed/1 Bath
    • $750/mo W/S/T Included
      • Electric Baseboard Heat

Trulia:

https://www.trulia.com/home/address-not-disclosed-lewistown-pa-17044-454932166

  • 2 Bed/1 Bath – Newly Renovated
    • $850/mo W/S Included
      • Electric Baseboard Heat

Town Overview

Lewistown, Pennsylvania, is a small town located in Mifflin County in the Juniata River Valley. Known for its rich railroad and industrial history, it serves as a gateway to outdoor recreation in central Pennsylvania. The town features a charming downtown, local eateries, and a strong sense of community.

  • Economic/Jobs: In Lewistown, PA—home to roughly 21,200 workers—Manufacturing (≈4,470 jobs), Health Care & Social Assistance (≈3,860 jobs), and Retail Trade (≈2,270 jobs) dominate the economy, with the most common occupations being Office & Administrative Support, Material Moving, and Production roles (datausa.io).
  • Education: Lewistown, PA is served by the Geisinger School of Nursing RN program, Mifflin County School District’s K–12 network—including East Derry, Lewistown Elementary & Intermediate, Strodes Mills Elementary, Indian Valley, Mifflin County Middle & Junior High, Mifflin County High School (grades 10–12), the Mifflin County Academy of Science & Technology vocational center, plus private/parochial options like Sacred Heart of Jesus School. (en.wikipedia.org, nces.ed.gov)
  • Lifestyle & Amenities: Lewistown offers a relaxed small‑town lifestyle with affordable living—housing costs are about 11% below the Pennsylvania average—while featuring a cozy downtown with local shops, a couple of breweries, eateries, and year‑round community events like Goose Day and farmers’ markets (areavibes.com, theadventuresabound.com, bestplaces.net). Outdoor amenities are a major draw, with Rec Park and Victory Park in town—boasting walking trails, river access, sports fields, a pool and playground—and nearby state parks for hiking, fishing, and camping (homes.com). Despite limited public transit (0% transit usage), residents enjoy a strong sense of community in a family‑oriented setting complemented by essential services like healthcare, parks, and grocery options (mcidc.org).
  • Transport Links: Lewistown, PA is connected via the Amtrak Pennsylvanian train (one daily round-trip) at the historic Lewistown Station, served by Greyhound and Fullington/Trailways intercity buses (plus a local Line 731 bus), with U.S. Routes 22/322/522 running through town, access to Mifflin County Airport for general aviation, and links to Harrisburg International Airport via car or bus/train transfers (en.wikipedia.org).

For more details on Lewistown’s attractions and local resources, visit:

Contact Us to Schedule a Walkthrough

The Melito & Koch Team

Disclosures

  • ORAL CONSUMER NOTICE:
    • The Real Estate Law requires that I provide you with a written notice that describes the  various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
  • HOLD HARMLESS ACKNOWLEDGEMENT: 
    • The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
  • DUE DILIGENCE:
    • This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.

Melito & Koch Team Logo

Price:
$170,000
Address:
223 E 3rd Street
Lewistown, PA 17044
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1950

Call 814-201-6172 for more details

Property Location