Leased 3-Unit
New
For Sale
$410,000
157-159 Philadelphia Avenue, West Pittston, PA 18643
Residential Income, West Pittston, PA
Property Size4,337 SF
Lot Size0.11 Acres
Price / SF$94.54
Days on Market4
Property Features for 157-159 Philadelphia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Basement, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 5
Parking features
On Street, Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Basement
Full
Lot features
Back Yard, Garden, Landscaped, Front Yard
Elementary school district
Wyoming Area
Middle school district
Wyoming Area
High school district
Wyoming Area
Directions
US 11 South. Continue on US 11 South. Merge onto I-81 South. Take exit 175 for PA-315 South toward Pittston. Continue onto PA-315 South. Turn right onto Philadelphia Avenue. Arrive at 157-159 Philadelphia Avenue.
Standard status
Active
APN
65-E11NE4-014-006-000
Size
4,337 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5142
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
covered front porch
rear porch and stair entryway
landscaped private yard
full basement
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
The Bill Chupko Team
(570) 588-8030
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 23 at 3:06AM
MLS# SC265331
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,337-square-foot triplex contains three occupied apartments, each with an active lease. The unit mix comprises a 3-bedroom, 2-bathroom apartment, a 1-bedroom, 1-bathroom apartment, and a 3-bedroom, 1-bathroom apartment. Each unit has separate electric and gas meters. The property was built in 1940 and sits on a 0.11-acre lot.
Shared features include a full basement with storage space, a covered front porch, and a rear porch with stairs. Water service is public, and the property has public sewer. Parking includes both on-street and off-street options.
Shared features include a full basement with storage space, a covered front porch, and a rear porch with stairs. Water service is public, and the property has public sewer. Parking includes both on-street and off-street options.
Key Highlights
- Three apartments, all occupied under active leases
- Unit mix: 3 bedrooms/2 bathrooms, 1 bedroom/1 bathroom, and 3 bedrooms/1 bathroom
- Separate electric and gas meters for each unit
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments are occupied under active leases, with varied bedroom and bathroom configurations.
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 apartments, all occupied under active leases; Unit mix: 3 bedrooms/2 bathrooms, 1 bedroom/1 bathroom, and 3 bedrooms/1 bathroom; Separate electric and gas meters for each unit
