Triplex with Separate
For Sale
$410,000
157-159 Philadelphia Avenue, West Pittston, PA 18643
Three leased apartments offer distinct bedroom and bathroom layouts, with individual gas and electric meters.
Property Size4,337 SF
Days on Market9
Property Features for 157-159 Philadelphia Avenue
General Information
Standard status
Active
Size
4,337 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,142
Amenities
covered front porch
rear porch
full basement
landscaped private yard
Building Details
Building Size
4,337 SF
Year Built
1940
Stories
3
Listing Agency:
Keller Williams Real Estate-Clarks Summit
Listed By:
The Bill Chupko Team
Source:
Luxehomesnepa
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 27 at 12:01AM
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 Keller Williams Real Estate-Clarks Summit
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this triplex contains three apartments: one with 3 bedrooms and 2 full bathrooms, a second with 1 bedroom and 1 bathroom, and a third with 3 bedrooms and 1 bathroom. Each unit has a kitchen and living area; the first also includes a dining room. All three apartments are occupied under active leases, and gas and electric service are separately metered by unit.
Exterior features include a covered front porch, a rear porch with stair access, and a landscaped yard. The property also has a full basement with shared utility space and resident storage. It is in West Pittston, with highway access and proximity to parks, schools, shopping, and dining.
Exterior features include a covered front porch, a rear porch with stair access, and a landscaped yard. The property also has a full basement with shared utility space and resident storage. It is in West Pittston, with highway access and proximity to parks, schools, shopping, and dining.
Key Highlights
- Three‑unit property built in 1940
- All 3 apartments are occupied under active leases
- Unit mix: 3 bedrooms/2 full bathrooms, 1 bedroom/1 bathroom, and 3 bedrooms/1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,001
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,020
$700.0K
Cap Rate 7%
$500,014
$500.0K
Cap Rate 9%
$388,900
$388.9K
Market Conditions
NOI Build-Up for 4,337 SF
Gross rent
$54.6K $12.60/SF
− Vacancy
−$4.6K −$1.07/SF
EGI
$50.0K $11.53/SF
− OpEx
−$15.0K −$3.46/SF
NOI
$35.0K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,020
Cap Rate 7%
$500,014
Cap Rate 9%
$388,900
Alternative Uses
Best Use
Multifamily LT 5
$500.0K
$437.5K – $583.4K
NOI $35,001 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,177 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased apartments offer distinct bedroom and bathroom layouts, with individual gas and electric meters.
Where is this triplex located?
The property is located at 157-159 Philadelphia Avenue West Pittston, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Three‑unit property built in 1940; All 3 apartments are occupied under active leases; Unit mix: 3 bedrooms/2 full bathrooms, 1 bedroom/1 bathroom, and 3 bedrooms/1 bathroom
