Photos Link:
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/AL7ue6dPaDVRetBcA
Buy & Hold Overview:
Current
- Units: 6
- Gross Rents: VACANT
- Annual NOI: 0
- Cap Rate: 0%
- Cash on Cash Return: 0%
- Equity Upon Purchase: 0% Around Market Value (limited recent comps for 5+ units)
- Lease Type: Vacant
Projected
- Units: 6
- Gross Rents: $5,600
- Annual NOI: $67,200
- Cap Rate: 9.57%
- Cash on Cash Return: 8.78%
- ARV (After Repair Value): No repairs needed
- Repair Estimate: No repairs needed
*This property has a successful history of being a mid-term rental from power plant workers and hospital workers from Danville. Included in this analysis (but not shown above) are those projected numbers.
Highlights:
- Large Lot
- Rent ready / Fully Furnished
- Located next to public park
- Central to multiple towns
Repair Estimate:
Total Estimated Repair Range: No repairs needed to be rented
Current & Estimated Rental Analysis:
https://docs.google.com/spreadsheets/d/1biN6WiYQX2F2rU1AG-AaYIZ50Wevd9tyPmec4pImd70/edit?usp=sharing
Utilities:
- Heat: Main house (3 unit) 1 Oil furnace paid by landlord, Rear house (2 unit) baseboard electric paid by tenant, (Trailer) Propane was paid by landlord, can be pushed off on tenant.
- Electric: Split
- Water/Sewer: Landlord, one bill
- Trash: Landlord
- Wifi: Tenant
Property Details:
- Units: 6 (Main House 1,752 sqft – 3 units) (Rear House – Approx 924 sqft – 2 units) (Trailer – Approx 1,000 sqft) (Total: Approx = 3,676 sqft)
- Lot Size: 0.50
- Year Built: 1910
- Zoning: I-R
- Stories: Main House 2, Rear house 2, trailer 1
- Heat: (Oil Furnace Main House Installed 2011) (Baseboard electric Rear House) (Propane in Trailer installed 2010)
- Electric: (Main House) – General Electric + Square D Panels (Rear House) – Cuttler-Hammer Panel in units + Square D in Laundry room (Trailer) – Federal Pacific *recommended to be replaced
- Plumbing: Mostly copper, some pex replaced
- Water: Well, water softener
- Sewer: Public
- Roof: Metal
- Foundation: (Main house – Stone) (Rear house – Slab)
- Windows: Double Pane in good condition, some wooden in main house
- Water Heater: (Main House 2020) – (Rear House 2023)
- Garage: Street parking / Parking in rear of property. No garage.
- Features: Water Softener, Laundry Room, Large Corner Lot
- Flooring: LVP all newer
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: No
- Taxes: $2,374.68
Comparable Sales/CMA:
*we recommend any potential investor do their own due diligence and to use these as a point of reference only
As-Is Value Comps:
https://www.zillow.com/homedetails/507-Dewart-St-Danville-PA-17821/2086783580_zpid/ (Similar Condition)
5 Units, 9 bed, 5 bath, 3,900 sqft, 8,712 acre lot, 8.9 miles from subject property
Sold for $325,000 on 11/26/24 , DOM (days on market): 29
Price Per Unit: $65,000
_______________
https://www.zillow.com/homedetails/26-Balschi-Rd-Danville-PA-17821/2052843270_zpid/(Lesser condition)
5 Units, 5 bed, 5 bath, 2,516 sqft, 0.34 acre lot, 6.2 miles from subject property
Sold for $287,500 on 4/4/24, DOM (days on market): 9 days sold over asking price
Price Per Unit: $57,500
_______________
https://www.zillow.com/homedetails/4-Kindt-Rd-Danville-PA-17821/2053660670_zpid/ (Lesser condition)
5 Units, 8 bed, 5 bath, 3,339 sqft, 0.34 acre lot, 6.5 miles from subject property
Sold for $295,000 on 2/12/24, DOM (days on market): 9 days sold over asking price
Price Per Unit: $59,000
As-Is Value Estimate:
Average PPU (Price Per Unit): $60,500
Subject Property Units: 6
As-Is Estimate: $60,500 x 6 = $363,000
Estimated Market Rents:
Rent-o-Meter:https://www.rentometer.com/analysis/1-bed/1120-market-st-washingtonville-pa/irp5tIs5TV4
- Average Rents
- 1 bed, 1 bath: $1,050
- 2 bed 1 bath: $1,223
HUD Fair Market: https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2025_code/2025summary.odn
- Average Rents
- 1 bed, 1 bath: $1,000
- 2 bed 1 bath: $1,231
Town Overview:
Washingtonville, PA is a small rural borough near Danville, home to Geisinger Medical Center, a major regional employer. It offers quiet living with access to jobs, shopping, and services in nearby Bloomsburg and Lewisburg. The local economy benefits from agriculture and surrounding healthcare and education hubs.
- Economic/Jobs: Washingtonville, PA’s economy is anchored by agriculture and small local businesses, with a 4.8% unemployment rate, about 22.9% projected job growth over the next decade, and a workforce spread across farming, transportation, sales, food service, healthcare, and education—supporting a median household income around $47,750.
- Education: Washingtonville is a small rural borough near major job centers like Geisinger Medical Center in Danville. Its economy is driven by agriculture, local services, and access to regional employment in healthcare, education, and light industry. The area is served by the Danville Area School District and Columbia-Montour Vo-Tech, with nearby private schools and higher education options such as Bloomsburg and Bucknell Universities.
- Lifestyle & Amenities: Washingtonville, PA offers a quiet, country lifestyle with a strong sense of community and a slower pace of life. While the borough itself is small with limited commercial amenities, residents enjoy nearby access to shopping, dining, and healthcare in Danville, Bloomsburg, and Lewisburg. Outdoor enthusiasts benefit from the surrounding farmland, nearby state parks, and the scenic Susquehanna River for recreation.
- Transport Links: Washingtonville is primarily car-dependent—about 93% of residents drive alone (average commute ~19 min)—but it’s served by River Valley Transit buses, sits along PA Route 254 for regional road access, and offers nearby access to Amtrak via Wilkes-Barre as well as airports within an hour’s drive
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- (Lenny Wyda) Direct Line: 570-413-0921
- Email: Lenny@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: 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.
