1229-1231 WALNUT Street, Ashland, PA 17921
MULTI_FAMILY - Other - ASHLAND, PA
- Added:
- Jun 17, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 21 at 12:06 am
Property Features for 1229-1231 WALNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,440 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3224
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Other
Listing agent William Primeau License #RS337743 (570) 728-0186
Listing office Ramus Realty Group 35 Sillyman Street, Pottsville, PA (570) 622-6006
Listing date Jun 17, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit apartment building in Ashland, PA, built in 1900
- Includes 2 parcels
- 1231 unit rents for $1,100 per month (1229 currently vacant)
- Tenant pays electric, water, and electric heat; landlord pays trash, sewer, and taxes
- Exterior includes aluminum siding
- Heating includes electric heating with baseboard
Overview
The tenant responsibility structure includes payment of electric and water, along with electric heat. The landlord covers trash, sewer, and taxes, which can simplify operating expenses for an owner. The sale includes both parcels, supporting a straightforward acquisition of the full building configuration.
For buyers seeking a small residential income asset, this property provides an immediate occupancy profile with one unit already paying rent and one unit available. The existing utility and expense allocation is also clearly defined, with tenants handling electric and water and the owner taking responsibility for trash, sewer, and taxes. This can make budgeting more predictable for an investor or owner-operator evaluating a two-unit residential building.
Local 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 | $25.8k | $10.56 |
| − Vacancy | −$1.5k | −$0.61 |
| EGI | $24.3k | $9.95 |
| − OpEx | −$10.9k | −$4.48 |
| NOI | $13.3k | $5.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.34643
- Latitude
- 40.78105
