$160,000
SOLD AUG 12, 2024

720 E Market St Danville, PA 17821

-- Bed
-- Bath
2,016 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

20% Below List Price

48 Days on Market

Highlights

  • More Than Two Accessible Exits
  • Forced Air Heating System
  • Electric Baseboard Heater
  • Danville Area Middle School Rated A-

About This Home

As of April 2025

Don't miss out on this fantastic income-producing 3-unit property located in Danville Borough! Featuring a duplex and a detached efficiency apartment, this property has been completely renovated by the current owners. Tenants pay all utilities except for trash, boosting your potential earnings. With a solid 10% cap rate, this property offers a promising investment opportunity. If you're looking to diversify your portfolio and generate steady rental income, this property is a must-have!

Last Agent to Sell the Property

Erica Mowrey

Iron Valley Real Estate North Central PA License #RS339396 Listed on: 05/19/2024

Iron Valley Real Estate North Central PA

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,274

Year Built

  • Built in 1856

Home Design

  • 2,016 Sq Ft Home
  • Triplex
  • Aluminum Siding

Parking

  • Alley Access
  • Parking Lot

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • More Than Two Accessible Exits
  • 9,148 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, personal property taxes
  • Assessor Parcel Number 12-88-286

Community Details

Overview

  • 3 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $3,500
  • Net Operating Income $21,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,274

Year Built

Built in 1856

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Inclusions: all appliancees
  • New Construction: No
  • Year Built: 1856
  • Automatically Close On Close Date: No
  • Remarks Public: Don't miss out on this fantastic income-producing 3-unit property located in Danville Borough! Featuring a duplex and a detached efficiency apartment, this property has been completely renovated by the current owners. Tenants pay all utilities except for trash, boosting your potential earnings. With a solid 10% cap rate, this property offers a promising investment opportunity. If you're looking to diversify your portfolio and generate steady rental income, this property is a must-have!
  • Special Features: None

Interior Features

  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 89.24
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 720/728

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Alley, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Schools

  • School District: DANVILLE AREA
  • School District Key: 121183524419
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9147.60
  • Zoning: R2-A
  • Zoning Description: This property is in AE flood zone and does require flood insurance if you are obtaining financing.

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Trash Collection, Taxes - Personal Property
  • Rent Control: No
  • Total Actual Rent: 27480.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 1

Tax Info

  • Tax Annual Amount: 2274.20
  • Assessor Parcel Number: 12-88-286
  • Tax Year: 2023
  • Close Date: 08/12/2024

MLS Schools

  • School District Name: DANVILLE AREA

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Sold $164,000 -8.8% $81 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $179,900 0.0% $89 / Sq Ft
01/04/2025 01/04/25 Pending -- -- --
12/26/2024 12/26/24 For Sale $179,900 +12.4% $89 / Sq Ft
08/12/2024 08/12/24 Sold $160,000 -11.1% $79 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $179,900 -5.3% $89 / Sq Ft
06/06/2024 06/06/24 Price Changed $189,900 -5.0% $94 / Sq Ft
05/19/2024 05/19/24 For Sale $199,900 -- $99 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,323 $93,200 $10,700 $82,500
2024 $2,269 $93,200 $10,700 $82,500
2023 $2,270 $93,200 $10,700 $82,500
2022 $2,223 $93,200 $10,700 $82,500
2021 $2,188 $93,200 $10,700 $82,500
2020 $2,174 $93,200 $10,700 $82,500
2019 $2,121 $93,200 $10,700 $82,500
2018 $2,051 $93,200 $10,700 $82,500
2017 $2,009 $93,200 $10,700 $82,500
2016 $1,927 $93,200 $10,700 $82,500
2015 $983 $93,200 $10,700 $82,500
2014 $758 $93,200 $10,700 $82,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMN2000274

Bright MLS

APN: 12-88-283