Fully Leased Multi-Building
117 S Main St Watsontown, PA 17777
For Sale
$1,900,000
Three-building apartment complex with 10 units, fully occupied and leased, with additional finished basement space in some units.
Property Size11,200 SF
Price / SF$169.64
Days on Market9
Property Features for 117 S Main St
General Information
Standard status
Active
Size
11,200 SF
Building Details
Year Built
2010
Listing Agency:
One Valley Realty LLC
(610) 432-7175
Listed By:
Therese Kelley · License #RS344310
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 28 at 2:06PM
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 One Valley Realty LLC
Investment Insights
Based on property information with market context.
This fully occupied, income-producing apartment complex includes three buildings totaling approximately 11,000 square feet and features 10 units. Each unit offers a 2-bedroom layout with 1.5 bathrooms, and several units include finished basements for additional usable space.
The property is located at 117 S Main St, Watsontown, PA 17777. The landlord currently covers water, sewer, trash, snow removal, and lawn care, helping support consistent maintenance and tenant convenience.
All units are leased, providing immediate occupancy for investors. Proof of funds is required prior to scheduling showings.
The property is located at 117 S Main St, Watsontown, PA 17777. The landlord currently covers water, sewer, trash, snow removal, and lawn care, helping support consistent maintenance and tenant convenience.
All units are leased, providing immediate occupancy for investors. Proof of funds is required prior to scheduling showings.
Key Highlights
- Three‑building multi‑unit apartment complex with 10 units totaling about 11,000 SF
- Built in 2010
- All units are fully leased at $1,100 per month for stable rental income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.5k | $13.44 |
| − Vacancy | −$9.8k | −$0.87 |
| EGI | $140.7k | $12.57 |
| − OpEx | −$63.3k | −$5.65 |
| NOI | $77.4k | $6.91 |
11,200 SF · lease $13.44/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$967.6K – $1.29M
NOI $77,409 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$13.63M
$11.92M – $15.90M
NOI $953,965 @ 7.0% cap · market cap 50.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building apartment complex with 10 units, fully occupied and leased, with additional finished basement space in some units.
Where is this apartment building located?
The property is located at 117 S Main St Watsontown, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑building multi‑unit apartment complex with 10 units totaling about 11,000 SF; Built in 2010; All units are fully leased at $1,100 per month for stable rental income
