Five-Unit Apartment
New
For Sale
$345,000
115 E Ruddle Street, Coaldale, PA 18218
ResidentialIncome, Coaldale Boro, PA
Property Size3,072 SF
Lot Size0.11 Acres
Price / SF$112.30
Days on Market1
Property Features for 115 E Ruddle Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
resi
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6
Parking
1
Subdivision
Not in Development
Elementary school district
Panther Valley
Middle school district
Panther Valley
High school district
Panther Valley
Directions
Head toward 3rd St. Turn right at the 1st cross street onto 3rd St. Turn right onto E Ruddle St. Destination will be on the left
Standard status
Active
APN
40020260000
Size
3,072 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3689
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Number of units
5
Building materials
VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
(610) 217-6330
Added: Sep 21
Last Checked: Sep 21 at 10:06PM
MLS# 784895
Copyright © 2026 Greater Lehigh Valley 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 5-unit apartment building at 115 E Ruddle Street includes two 2-bedroom apartments, two studio units, and one 1-bedroom apartment within 3,072 square feet. Constructed in 1925 with vinyl siding, the property sits on a 0.11-acre lot and uses electric baseboard heat. One off-street parking space is included.
The property is served by public water and public sewer and carries residential zoning. Utility responsibility is divided by unit: Units 3 and 4 pay their own utility costs, while the landlord currently covers water, sewer, and trash for Units 1, 2, and 5. The conversion of utilities to tenant responsibility is underway in phases.
The property is served by public water and public sewer and carries residential zoning. Utility responsibility is divided by unit: Units 3 and 4 pay their own utility costs, while the landlord currently covers water, sewer, and trash for Units 1, 2, and 5. The conversion of utilities to tenant responsibility is underway in phases.
Key Highlights
- 5‑unit apartment building with two 2‑bedroom apartments, two studios, and one 1‑bedroom apartment
- 3,072 square feet on a 0.11‑acre lot
- One off‑street parking space
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
$16,807
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
4.87%
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%
$336,140
$336.1K
Cap Rate 7%
$240,100
$240.1K
Cap Rate 9%
$186,744
$186.7K
Market Conditions
NOI Build-Up for 3,072 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
$32.4K $10.56/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$30.6K $9.95/SF
− OpEx
−$13.8K −$4.48/SF
NOI
$16.8K $5.47/SF
Area
Schuylkill County, PA
Vacancy
5.80%
Lease Rate
$10.56 /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%
$336,140
Cap Rate 7%
$240,100
Cap Rate 9%
$186,744
Alternative Uses
Best Use
Apartment 5plus
$240.1K
$210.1K – $280.1K
NOI $16,807 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.8K
$403.2K – $537.6K
NOI $32,256 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 18218, PA
2,426
Population
1,118
Households
2.2
Avg Household Size
42
Median Age
11%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,982
Median Household Income
$33,059
Median Earnings
$838
Median Rent
$69,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed studio and bedroom layouts with off-street parking and separately metered tenant utilities in phases.
Where is this apartment building located?
The property is located at 115 E Ruddle Street Coaldale, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 5‑unit apartment building with two 2‑bedroom apartments, two studios, and one 1‑bedroom apartment; 3,072 square feet on a 0.11‑acre lot; One off‑street parking space
