Five-Unit Apartment
716-718 West Market Street Pottsville, PA 17901
For Sale
$324,900
Five-unit apartment building sold as-is with a private parking lot across three included parcels.
Property Size4,452 SF
Price / SF$72.98
Days on Market709
Property Features for 716-718 West Market Street
General Information
- Standard status
- Active
- Size
- 4,452 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Ramus Realty Group
(570) 728-0186
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Source:
Compass
Added: Aug 15, 2024
Changed: Jul 21
Last Checked: Jul 23 at 6:49AM
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 Ramus Realty Group
Investment Insights
Based on property information with market context.
This offering includes a five-unit apartment building with private parking lot, sold as-is. The sale includes three parcels: two buildings and a parking lot, providing on-site parking for the property.
The property is located in Schuylkill County in the Pottsville MLS area. The listing is tied to the Pottsville Area School District.
Transaction terms indicated for this sale include cash only.
The property is located in Schuylkill County in the Pottsville MLS area. The listing is tied to the Pottsville Area School District.
Transaction terms indicated for this sale include cash only.
Key Highlights
- 5‑unit apartment building sold as‑is
- Sale includes 3 parcels: 2 buildings and a private parking lot
- Private parking lot included for the property
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 | $47.0k | $10.56 |
| − Vacancy | −$2.7k | −$0.61 |
| EGI | $44.3k | $9.95 |
| − OpEx | −$19.9k | −$4.48 |
| NOI | $24.4k | $5.47 |
4,452 SF · lease $10.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,357 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.8K
$584.3K – $779.1K
NOI $46,746 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit apartment building sold as-is with a private parking lot across three included parcels.
Where is this apartment building located?
The property is located at 716-718 West Market Street Pottsville, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 5‑unit apartment building sold as‑is; Sale includes 3 parcels: 2 buildings and a private parking lot; Private parking lot included for the property
