Triplex with Renovated First-Floor
New
For Sale
$225,000
1035-1039 Walnut Street, Ashland, PA 17921
Two rented apartments accompany a vacant, renovated residence with three bedrooms and one bath.
Property Size2,854 SF
Price / SF$78.84
Days on Market2
Property Features for 1035-1039 Walnut Street
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR, 1 x 3BR/1BA
Multifamily Units
3
Amenities
yard
walk-out basement
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Iron Valley Real Estate Coal Region
Listed By:
Cherie Gottshall · License #3196284
(610) 670-2770
Source:
Kmteamrealestate
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate Coal Region
Investment Insights
Based on property information with market context.
This 2,854-square-foot triplex at 1035-1039 Walnut Street contains three residential units. The first-floor apartment has three bedrooms and one bathroom and is vacant following renovation. The other two units each have one bedroom and are currently rented.
Property features include a garage, off-street parking for two cars, a yard, and a walk-out basement with storage. Built in 1920, the building offers a combination of occupied apartments and a renovated vacant unit.
Property features include a garage, off-street parking for two cars, a yard, and a walk-out basement with storage. Built in 1920, the building offers a combination of occupied apartments and a renovated vacant unit.
Key Highlights
- Three‑unit residential property with 2,854 square feet
- Two rented 1‑bedroom apartments
- Vacant renovated first‑floor unit with 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,811
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,220
$336.2K
Cap Rate 7%
$240,157
$240.2K
Cap Rate 9%
$186,789
$186.8K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$25.7K $9.00/SF
− Vacancy
−$1.7K −$0.59/SF
EGI
$24.0K $8.42/SF
− OpEx
−$7.2K −$2.52/SF
NOI
$16.8K $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 Rate 5%
$336,220
Cap Rate 7%
$240,157
Cap Rate 9%
$186,789
Alternative Uses
Best Use
Multifamily LT 5
$240.2K
$210.1K – $280.2K
NOI $16,811 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$223.1K
$195.2K – $260.3K
NOI $15,615 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$428.1K
$374.6K – $499.5K
NOI $29,967 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 17921, PA
7,038
Population
2,980
Households
2.4
Avg Household Size
44
Median Age
12%
College-Educated
87%
High-School Grad
35.0 sq mi
ZIP Area
201
Density / Sq Mi
$71,600
Median Household Income
$44,985
Median Earnings
$751
Median Rent
$136,400
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 - Two rented apartments accompany a vacant, renovated residence with three bedrooms and one bath.
Where is this triplex located?
The property is located at 1035-1039 Walnut Street Ashland, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three‑unit residential property with 2,854 square feet; Two rented 1‑bedroom apartments; Vacant renovated first‑floor unit with 3 bedrooms and 1 bathroom
