Five-Bedroom Multifamily
For Sale
$228,900
151 Robert Street, Nanticoke, PA 18634
Multi-Family, Nanticoke, PA
Property Size2,300 SF
Lot Size0.06 Acres
Price / SF$99.52
Days on Market71
Property Features for 151 Robert Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2
Exterior features
Asbestos, Stucco
Basement
Concrete
Elementary school district
Nanticoke
Middle school district
Nanticoke
High school district
Nanticoke
Directions
: Main St Nanticoke to Robert St. Home on left.
Subdivision
Ashley-Nanticoke-Hanover Twp
Standard status
Active
APN
46-K7NW2-006-016-000
Size
2,300 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2200
Utilities
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate, Kingston · Keller Williams Realty
(570) 585-5800
Listed By:
Michael Nastasiak · License #RS362481
(570) 406-0572
Added: Jun 29
Changed: Sep 5
Last Checked: Sep 7 at 9:06PM
MLS# 26-731
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied multifamily property contains 2,300 square feet on a 0.06-acre parcel in Nanticoke, Pennsylvania. The interior includes five bedrooms, two bathrooms, and a basement. Exterior materials include stucco and asbestos, with a shingle roof. Heating is provided by a hot water and baseboard system, and the property is served by public water.
The property is zoned Multi-Family and is being offered in its current as-is condition. Showings are limited to Saturday and Sunday from 12 p.m. to 2 p.m., with 24-hour advance notice required for scheduling.
The property is zoned Multi-Family and is being offered in its current as-is condition. Showings are limited to Saturday and Sunday from 12 p.m. to 2 p.m., with 24-hour advance notice required for scheduling.
Key Highlights
- 2,300‑square‑foot multifamily property on a 0.06‑acre lot
- Five bedrooms, two bathrooms, and a basement
- Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,215
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,300
$344.3K
Cap Rate 7%
$245,929
$245.9K
Cap Rate 9%
$191,278
$191.3K
Market Conditions
NOI Build-Up for 2,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.9K $14.76/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$31.3K $13.61/SF
− OpEx
−$14.1K −$6.12/SF
NOI
$17.2K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,300
Cap Rate 7%
$245,929
Cap Rate 9%
$191,278
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$728.6K
$637.6K – $850.1K
NOI $51,005 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 18634, PA
13,702
Population
6,497
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
14.3 sq mi
ZIP Area
958
Density / Sq Mi
$60,482
Median Household Income
$38,280
Median Earnings
$798
Median Rent
$108,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied property with a basement, public water service, and Multi-Family zoning in Nanticoke.
Where is this multifamily property located?
The property is located at 151 Robert Street Nanticoke, PA.
What is the asking price?
The asking price for this property is $228,900.
What are key features of this property?
This property features: 2,300‑square‑foot multifamily property on a 0.06‑acre lot; Five bedrooms, two bathrooms, and a basement; Multi‑Family zoning
