5-Unit Multifamily
For Sale
$355,000
115 E Ruddle Street, Coaldale, PA 18218
MULTI_FAMILY - Coaldale Boro, PA
Property Size3,072 SF
Lot Size0.11 Acres
Price / SF$115.56
Days on Market183
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 4, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5
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
2329
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
(484) 895-9005
Added: Feb 9
Changed: Aug 3
Last Checked: Aug 11 at 4:06PM
MLS# 771560
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 fully occupied 5-unit multifamily building in Coaldale Borough offers a diversified unit mix, including two 2-bedroom apartments, two studios, and one 1-bedroom apartment. The property includes one-car off-street parking. The owner has been turning utilities over to the tenants in phases: Units 3 and 4 pay all their own utilities, while the landlord pays water, sewer, and trash for Unit 1 and Unit 5, and water, sewer, and trash for Unit 2.
The building is supported by public water and public sewer services. Heating is provided by baseboard and electric heating, and the exterior is vinyl siding. Built in 1925, the property sits on a 0.11-acre lot with a 3,072-square-foot building size.
The building is supported by public water and public sewer services. Heating is provided by baseboard and electric heating, and the exterior is vinyl siding. Built in 1925, the property sits on a 0.11-acre lot with a 3,072-square-foot building size.
Key Highlights
- Five‑unit multifamily building, fully occupied
- Two 2‑bedroom apartments, two studios, and one 1‑bedroom unit
- One‑car off‑street parking
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
4.73%
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 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.8K
$403.2K – $537.6K
NOI $32,256 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
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
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 - Fully occupied 5-unit multifamily with a mix of two-bedroom apartments, studios, and one-bedroom unit, plus off-street parking.
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 $355,000.
What are key features of this property?
This property features: Five‑unit multifamily building, fully occupied; Two 2‑bedroom apartments, two studios, and one 1‑bedroom unit; One‑car off‑street parking
