Fully Occupied 7-Unit Apartment
For Sale
$679,000
1210 Main St, Hanover Township, PA 18706
Fully leased apartment property with individually metered units and dedicated off-street parking.
Property Size7,300 SF
Price / SF$93.01
Days on Market57
Property Features for 1210 Main St
General Information
Standard status
Active
Size
7,300 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Cap Rate
9%
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$5,345
Listing Agency:
Abstract Realty Group LLC
(570) 338-5027
Listed By:
Donald Ide
(570) 479-0350
Source:
Exprealty
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 13 at 12:35AM
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 Abstract Realty Group LLC
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains 7,300 square feet and is fully occupied. Each unit has its own electric meter, while off-street parking serves the property. The asset is being sold as-is and is located at 1210 Main St in Hanover Township, PA.
The property reports a 9 percent cap rate and offers an established multifamily configuration with separate utility metering. Showings require 48 hours’ notice.
The property reports a 9 percent cap rate and offers an established multifamily configuration with separate utility metering. Showings require 48 hours’ notice.
Key Highlights
- 7‑unit apartment building with 7,300 square feet
- Fully occupied property
- 9 percent cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,639
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,780
$1.1M
Cap Rate 7%
$780,557
$780.6K
Cap Rate 9%
$607,100
$607.1K
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$107.7K $14.76/SF
− Vacancy
−$8.4K −$1.15/SF
EGI
$99.3K $13.61/SF
− OpEx
−$44.7K −$6.12/SF
NOI
$54.6K $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 Rate 5%
$1,092,780
Cap Rate 7%
$780,557
Cap Rate 9%
$607,100
Alternative Uses
Best Use
Apartment 5plus
$780.6K
$683.0K – $910.7K
NOI $54,639 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,885 @ 7.0% cap · market cap 23.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 18706, PA
16,338
Population
7,675
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
621
Density / Sq Mi
$57,546
Median Household Income
$38,381
Median Earnings
$883
Median Rent
$121,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartment property with individually metered units and dedicated off-street parking.
Where is this apartment building located?
The property is located at 1210 Main St Hanover Township, PA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 7‑unit apartment building with 7,300 square feet; Fully occupied property; 9 percent cap rate
