Listing Agency: Mullen Realty Associates Show Phone

Listed By: Sheryl ANN Mealing · License #RS184966L Show Phone

Source: Towncentermd

Added: Apr 16 Changed: Oct 5 Last Checked: Oct 16 at 8:53AM

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Investment Insights

Based on property information with market context.

This multifamily property in Cressona includes 1,944 square feet across a two-story configuration. The first floor provides laundry facilities, while the second floor includes attic access. Interior appliances include a refrigerator and stove, and the property was built in 1931. A garage is also included and was previously reserved for the owner's use.

The property is zoned RES and located on Pottsville Street in Cressona Borough, within the Blue Mountain School District. Tenants are responsible for heat and additional personal utilities. The county is Schuylkill, and the MLS area is Cressona Boro (13341).

Key Highlights

• 1,944‑square‑foot multifamily property built in 1931
• Two‑story layout with first‑floor laundry and second‑floor attic access
• Separate garage previously used by the owner

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,636

Cap Rate

7.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,720 $212.7K

Cap Rate 7%

$151,943 $151.9K

Cap Rate 9%

$118,178 $118.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,944 SF

Gross rent

$20.5K $10.56/SF

− Vacancy

−$1.2K −$0.61/SF

EGI

$19.3K $9.95/SF

− OpEx

−$8.7K −$4.48/SF

NOI

$10.6K $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%

$212,720

Cap Rate 7%

$151,943

Cap Rate 9%

$118,178

Alternative Uses

Best Use

Apartment 5plus

$151.9K

$133.0K – $177.3K (±1% cap)

NOI $10,636 @ 7.0% cap · market cap 7.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$291.6K

$255.2K – $340.2K (±1% cap)

NOI $20,412 @ 7.0% cap · market cap 15.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Hair Salon Electrical Service Grocery & Convenience Store HVAC Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

278

Businesses Nearby

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Demographics for 17929, PA

1,611

Population

620

Households

2.6

Avg Household Size

43

Median Age

22%

College-Educated

94%

High-School Grad

1.1 sq mi

ZIP Area

1,465

Density / Sq Mi

$71,106

Median Household Income

$38,250

Median Earnings

$855

Median Rent

$149,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Residential income property with laundry facilities, attic access, and a separate garage.

Where is this multifamily property located?

The property is located at 155 POTTSVILLE ST Cressona, PA.

What is the asking price?

The asking price for this property is $134,900.

What are key features of this property?

This property features: 1,944‑square‑foot multifamily property built in 1931; Two‑story layout with first‑floor laundry and second‑floor attic access; Separate garage previously used by the owner