Renovated Apartment
New
For Sale
$699,000
132 E Main Street, Girardville, PA 17935
Renovated apartment property with varied layouts and dedicated basement laundry space.
Property Size8,000 SF
Days on Market7
Property Features for 132 E Main Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 1BR, 4 x 2BR, 1 x 3BR, 1 x 1BR (small)
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$3,000
Building Details
Building Size
8,000 SF
Year Built
1940
Listing Agency:
Iron Valley Real Estate - Mountainside
(908) 670-0600
Listed By:
Joseph J Salerno · License #RM425551
(908) 670-0600
Source:
Dpcomgroup
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 4:42AM
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 Iron Valley Real Estate - Mountainside
Investment Insights
Based on property information with market context.
This renovated apartment building contains 9 units, including three one-bedroom apartments, four two-bedroom apartments, one three-bedroom apartment, and a smaller one-bedroom unit. The smaller unit is configured for use as either a manager’s office or an owner’s suite. Apartment heating is electric, while the basement, laundry room, and hallways use an oil-fired hot-water system. Built in 1940, the property includes dedicated laundry facilities in the basement and common hallway space serving the apartments.
The building is located at 132 E Main Street in Girardville, Pennsylvania. Its combination of varied apartment layouts, on-site laundry space, and separate heating arrangements provides a clearly defined multifamily configuration.
The building is located at 132 E Main Street in Girardville, Pennsylvania. Its combination of varied apartment layouts, on-site laundry space, and separate heating arrangements provides a clearly defined multifamily configuration.
Key Highlights
- 9‑unit apartment building renovated for multifamily use
- Unit mix includes three 1‑bedroom, four 2‑bedroom, and one 3‑bedroom apartments
- Additional smaller 1 Bedroom unit can serve as a manager’s office or owner’s suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,380
$875.4K
Cap Rate 7%
$625,271
$625.3K
Cap Rate 9%
$486,322
$486.3K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$84.5K $10.56/SF
− Vacancy
−$4.9K −$0.61/SF
EGI
$79.6K $9.95/SF
− OpEx
−$35.8K −$4.48/SF
NOI
$43.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,380
Cap Rate 7%
$625,271
Cap Rate 9%
$486,322
Alternative Uses
Best Use
Apartment 5plus
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,000 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
70
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartment property with varied layouts and dedicated basement laundry space.
Where is this apartment building located?
The property is located at 132 E Main Street 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 renovated for multifamily use; Unit mix includes three 1‑bedroom, four 2‑bedroom, and one 3‑bedroom apartments; Additional smaller 1 Bedroom unit can serve as a manager’s office or owner’s suite
