Three-Unit Residential Income
For Sale
$274,900
701 W MARKET Street, Pottsville, PA 17901
MULTI_FAMILY - POTTSVILLE, PA
Property Size4,000 SF
Lot Size0.08 Acres
Price / SF$68.73
Days on Market695
Property Features for 701 W MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Parking Lot, Off Street, On Street
Elementary school district
POTTSVILLE AREA
Middle school district
POTTSVILLE AREA
High school district
POTTSVILLE AREA
Standard status
Active
Size
4,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1841
Utilities
Heating system
Other (Heating)
Building Details
Year built
1900
Number of units
3
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Added: Sep 17, 2024
Changed: Jul 13
Last Checked: Aug 12 at 12:06AM
MLS# PASK2017660
Copyright © 2026 Bright MLS. 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 three-unit residential income building includes a front commercial area with multiple rooms and one bathroom, plus two apartments in the rear. The rear units consist of a 3-bedroom, 1-bath apartment and a 2-bedroom, 1-bath apartment.
The building is heated with both gas and electric. Two of the three units are currently tenant occupied. The property is being sold as-is, and the sale is cash-only.
Situated on a small lot, the property totals about 4,000 square feet.
The building is heated with both gas and electric. Two of the three units are currently tenant occupied. The property is being sold as-is, and the sale is cash-only.
Situated on a small lot, the property totals about 4,000 square feet.
Key Highlights
- 3‑unit building in Pottsville with a mix of commercial and residential space
- Front portion includes multi‑room, 1‑bath commercial space
- Rear apartments include one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
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
$23,562
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
8.57%
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%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 4,000 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
$36.0K $9.00/SF
− Vacancy
−$2.3K −$0.59/SF
EGI
$33.7K $8.42/SF
− OpEx
−$10.1K −$2.52/SF
NOI
$23.6K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $42,000 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - This three-unit building includes a front multi-room, 1-bath commercial space and two rear apartments with 3 and 2 bedrooms.
Where is this triplex located?
The property is located at 701 W MARKET Street Pottsville, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 3‑unit building in Pottsville with a mix of commercial and residential space; Front portion includes multi‑room, 1‑bath commercial space; Rear apartments include one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
