Updated 9-Unit Apartment
For Sale
$699,000
132 E Main Street, Girardville, PA 17935
Residential Income, Girardville, PA
Property Size6,000 SF
Lot Size0.15 Acres
Price / SF$116.50
Days on Market47
Property Features for 132 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
15
Full bathrooms
10
Rooms
Bathroom 1, Bedroom 2, Bedroom 14, Bedroom 15, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 10, Bathroom 7, Bedroom 13, Bedroom 6, Bathroom 6, Bathroom 4, Bedroom 4, Bedroom 10, Basement, Bedroom 1, Bathroom 2, Bedroom 12, Bathroom 9, Bathroom 8
Window features
Vinyl Frames
Basement
Full
Appliances
Cooktop, Oven, Refrigerator
Subdivision
Girardville Borough
Standard status
Active
APN
45-07-0096
Size
6,000 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
3
Number of units
9
Flooring type
Hardwood
Building materials
Brick, Stone
Architectural style
Contemporary
Listing Agency:
Iron Valley Real Estate - Mountainside
(570) 243-1999
Listed By:
Joseph J Salerno · License #RM425551
(908) 670-0600
Added: Aug 5
Changed: Sep 16
Last Checked: Sep 20 at 12:06PM
MLS# PM-143667
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated apartment property contains 9 units within approximately 6,000 square feet on a 0.15-acre lot. The unit mix includes three one-bedroom apartments, four two-bedroom apartments, one three-bedroom apartment, and a smaller one-bedroom unit that may serve as a manager’s office or owner’s suite. Interior features include hardwood flooring, kitchen appliances, electric heat in the apartments, and window-unit or ceiling-fan cooling. The building dates to 1940 and uses brick and stone construction.
The basement, laundry room, and hallways are heated with oil-fired hot water. Public water and public sewer serve the property. Located at 132 E Main Street in Girardville, Pennsylvania, the building also includes shared laundry and common-area space supported by the existing heating systems.
The basement, laundry room, and hallways are heated with oil-fired hot water. Public water and public sewer serve the property. Located at 132 E Main Street in Girardville, Pennsylvania, the building also includes shared laundry and common-area space supported by the existing heating systems.
Key Highlights
- 9‑unit apartment building with 3 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom units
- 6,000 square feet on a 0.15‑acre lot
- Smaller 1 Bedroom unit can function 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
$32,827
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
4.70%
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%
$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
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
$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 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%
$656,540
Cap Rate 7%
$468,957
Cap Rate 9%
$364,744
Alternative Uses
Best Use
Apartment 5plus
$469.0K
$410.3K – $547.1K
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
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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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine apartments offer varied bedroom configurations, with one smaller unit suited to management or owner occupancy.
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 with 3 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom units; 6,000 square feet on a 0.15‑acre lot; Smaller 1 Bedroom unit can function as a manager’s office or owner’s suite
