9-Unit Apartment Building with
For Sale
$599,000
71 E Main Street, Nanticoke, PA 18634
MULTI_FAMILY - Nanticoke, PA
Property Size7,100 SF
Lot Size0.07 Acres
Price / SF$84.37
Days on Market89
Property Features for 71 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 1, Bedroom 6, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 4, Basement, Bedroom 8, Bathroom 7, Bedroom 3, Bedroom 1, Bedroom 9, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3
Exterior features
Aluminum, Brick
Basement
Concrete, Unfinished
Elementary school district
Nanticoke
Middle school district
Nanticoke
High school district
Nanticoke
Directions
Sans Souci Highway to Main Street in Nanticoke. Property on right.
Subdivision
Ashley-Nanticoke-Hanover Twp
Standard status
Active
APN
69-I9SE2 -002-020-000
Size
7,100 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4323
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Roof type
Rubber
Listing Agency:
Antonik & Associates, Inc. Nanticoke
(570) 735-7494
Listed By:
Edward Stobodzian · License #RM425952
(570) 417-9758
Added: May 18
Changed: Jul 22
Last Checked: Aug 14 at 10:06PM
MLS# 26-2248
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 9-unit apartment building offers a mixed configuration with two commercial storefront spaces and seven residential units, including five one-bedroom or studio units and two two-bedroom units. All units have separate gas and electric services, which can help streamline tenant-level utility billing. The property is presented as a value-add opportunity, with the need for some TLC and cosmetic upgrades to improve overall condition and presentation.
Located at 71 E Main Street in Nanticoke, PA, the building sits in a high-traffic area. It is positioned across from a Geisinger Clinic and a LCCC satellite campus, providing a steady customer and commuter environment.
For investors or owner-operators looking for a small multifamily asset with on-site retail components, the storefront units may provide additional income streams alongside the residential layout. The mix of unit types, including studios, one-bedroom units, and two-bedroom units, can support a range of tenant needs, while separate utilities can reduce common-area complexity for day-to-day operations.
Located at 71 E Main Street in Nanticoke, PA, the building sits in a high-traffic area. It is positioned across from a Geisinger Clinic and a LCCC satellite campus, providing a steady customer and commuter environment.
For investors or owner-operators looking for a small multifamily asset with on-site retail components, the storefront units may provide additional income streams alongside the residential layout. The mix of unit types, including studios, one-bedroom units, and two-bedroom units, can support a range of tenant needs, while separate utilities can reduce common-area complexity for day-to-day operations.
Key Highlights
- 9‑unit apartment building with 2 commercial storefronts plus 5 studio/1‑bedroom units and 2 two‑bedroom units
- Located across from a Geisinger Clinic and LCCC satellite campus in a high‑traffic area
- Gas and electric are separate for all units
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
$53,142
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
8.87%
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%
$1,062,840
$1.1M
Cap Rate 7%
$759,171
$759.2K
Cap Rate 9%
$590,467
$590.5K
Market Conditions
NOI Build-Up for 7,100 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
$104.8K $14.76/SF
− Vacancy
−$8.2K −$1.15/SF
EGI
$96.6K $13.61/SF
− OpEx
−$43.5K −$6.12/SF
NOI
$53.1K $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%
$1,062,840
Cap Rate 7%
$759,171
Cap Rate 9%
$590,467
Alternative Uses
Best Use
Apartment 5plus
$759.2K
$664.3K – $885.7K
NOI $53,142 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,450 @ 7.0% cap · market cap 26.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
7
Residential units
Location Intelligence
Trade Area within ½ mile
454
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
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Frequently Asked Questions
What type of property is this?
Apartment building - A 9-unit multifamily property with separate utilities and two storefront spaces, positioned in a high-traffic area.
Where is this apartment building located?
The property is located at 71 E Main Street Nanticoke, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 9‑unit apartment building with 2 commercial storefronts plus 5 studio/1‑bedroom units and 2 two‑bedroom units; Located across from a Geisinger Clinic and LCCC satellite campus in a high‑traffic area; Gas and electric are separate for all units
