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    489-491 Church Street Swoyersville, PA 18704

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    Claim this Listing
    New
    For Sale
    $446,000

    MultiFamily - Swoyersville, PA

    Property size:
    2,427 SF
    Price / SF:
    $183/SF
    Added:
    Apr 24, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 24 at 11:06 am

    Property Features for 489-491 Church Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    16
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Drywall, Paneling
    Exterior features
    Porch
    Basement Y/N
    1
    Appliances
    Range
    Standard status
    Active
    APN
    59-F9SE3024010
    Size
    2,427 SF

    Taxes and HOA fees

    Tax Annual Amount
    2484.85

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Natural Gas, Steam
    Cooling system
    None (Cooling)

    Building Details

    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Shemo

    Listing agent Steve Shemo License #RS202798L

    Listing office Classic Properties Kingston 324 S State St, Clarks Summit, PA

    Listing date Apr 24, 2026

    MLS# 26-1798 Listing URL

    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.

    Overview

    Swoyersville Multifamily Investment Opportunity

    This one-of-a-kind investment property in Swoyersville, PA, offers great cash flow potential. It features a commercial-like garage with a 12-foot ceiling, suitable for a mechanic or contractor, with additional vehicle lift room potential. The property is a nicely maintained double-block construction with separate utilities for each unit. One unit is currently occupied by a solid tenant, while the other is vacant, offering flexibility for the new owner. The property includes a large 250-foot lot with parking space for at least 15 vehicles. The property has a potential rental income of $48,000 per year. The property is zoned residential and has a size of 2427 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Ligus Electric Services — 340 Union St, Luzerne, PA 18709
    • Bill's Garage — 390 Union St, Luzerne, PA 18709
    • Forty Fort Lube & Service Inc. — 1097 wyoming ave #4003, forty fort, pa 18704
    • Mattie Automotive — 220 Bennett St, Luzerne, PA 18709
    • Forty Fort Lube & Service, Gas Station — 1097 Wyoming Ave, Forty Fort, PA 18704

    Map

    City
    Swoyersville
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8997
    Latitude
    41.2768

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    • $429,000
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      Swoyersville Multi-Family Investment Opportunity

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    • $1,250,000
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      Turn-key Restaurant & Bar Opportunity

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    FAQs

    What type of property is this?
    Auto shop - Investment property with commercial garage and high cash flow potential.
    Where is this auto shop located?
    The property is located at 489-491 Church Street Swoyersville, PA.
    What is the asking price?
    The asking price for this property is $446,000.
    What are key features of this property?
    This property features: High cash flow potential with $48,000/year rent potential.; Large 12' ceiling garage suitable for mechanic or contractor.; Huge 250' lot with parking for at least 15 vehicles.
    (570) 793-9449
    We can help!
    Listing Contact
    Steve Shemo
    Real Estate License ID: RS202798L
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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