Building Details

Buildings 1

Listing Agency: Iron Valley Real Estate-Mountainside Show Phone

Listed By: Joseph J Salerno · License #RM425551 Show Phone

Source: Towncentermd

Added: Aug 18 Changed: Sep 10 Last Checked: Oct 7 at 12:03PM

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Investment Insights

Based on property information with market context.

Located at 132 E Main St in Girardville, PA, this renovated apartment property contains 9 units within approximately 8,000 square feet. The configuration includes three one-bedroom apartments, four two-bedroom apartments, one three-bedroom apartment, and a smaller one-bedroom unit that can function as a manager’s office or owner’s suite.

Each apartment is equipped with electric heat. Oil-fired hot-water heat serves the basement, laundry room, and hallways, providing separate heating arrangements for the residential and common areas. The property also includes dedicated laundry space and basement area within the building.

Key Highlights

• 9‑unit apartment building with approximately 8,000 SF
• Unit mix includes three 1‑bedroom, four 2‑bedroom, one 3‑bedroom, and one smaller 1 Bedroom unit
• Smaller 1 Bedroom unit may be used as a manager's office or owner's suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,827

Cap Rate

4.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$656,540 $656.5K

Cap Rate 7%

$468,957 $469.0K

Cap Rate 9%

$364,744 $364.7K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$63.4K $10.56/SF

− Vacancy

−$3.7K −$0.61/SF

EGI

$59.7K $9.95/SF

− OpEx

−$26.9K −$4.48/SF

NOI

$32.8K $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 Rate 5%

$656,540

Cap Rate 7%

$468,957

Cap Rate 9%

$364,744

Alternative Uses

Best Use

Apartment 5plus

$469.0K

$410.3K – $547.1K (±1% cap)

NOI $32,827 @ 7.0% cap · market cap 4.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$900.0K

$787.5K – $1.05M (±1% cap)

NOI $63,000 @ 7.0% cap · market cap 9.01%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Computer & Electronic Repair Law Firm Auto Repair Shop Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Explore this area Business Placement

Demographics for 17935, PA

1,528

Population

951

Households

1.6

Avg Household Size

46

Median Age

8%

College-Educated

85%

High-School Grad

5.7 sq mi

ZIP Area

268

Density / Sq Mi

$45,595

Median Household Income

$25,313

Median Earnings

$613

Median Rent

$44,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Mixed-Use Property with Apartments

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Frequently Asked Questions

What type of property is this?

Apartment building - Updated multifamily property with varied unit layouts, dedicated laundry space, and building-wide heating systems.

Where is this apartment building located?

The property is located at 132 E MAIN ST Girardville, PA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 9‑unit apartment building with approximately 8,000 SF; Unit mix includes three 1‑bedroom, four 2‑bedroom, one 3‑bedroom, and one smaller 1 Bedroom unit; Smaller 1 Bedroom unit may be used as a manager's office or owner's suite