16-18 Cook Street, Ashley, PA 18706
MULTI_FAMILY - Ashley, PA
- Added:
- Mar 10, 2026
- Days on Market:
- 115
- Last Refresh:
- Jul 2 at 3:06 pm
Property Features for 16-18 Cook Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 8, Basement, Bedroom 10
- Parking features
- Off Street
- Exterior features
- Aluminum
- Basement
- Concrete, Full
- Standard status
- Active
- APN
- J9NE1013017
- Size
- 2,800 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1889
Utilities
- Heating system
- Steam
- Water source
- Public
Building Details
- Roof type
- Shingle
Listing agent Alfred Clemonts License #RS270363 (570) 371-9381
Listing office Classic Properties - Mountaintop 69 N Mountain Blvd, Shavertown, PA (570) 474-6307
Listing date Mar 10, 2026
Copyright © 2026 Luzerne County 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.
HighLights
- 4‑unit building with two 3‑bedroom units and two 2‑bedroom units
- Off‑street parking for 8 cars
- Steam heating
- Public water source
- Aluminum exterior and shingle roof
- Basement included
Overview
The property is located near the Hanover industrial park, providing a practical setting for tenants seeking convenient access to employment. The offering includes a small lot size, supporting a straightforward residential rental configuration.
This is a strong fit for investors or owner-operators looking to manage a small, four-unit portfolio with a mix of apartment layouts. With 3-bedroom and 2-bedroom options already in place, the building can appeal to multiple household types. Off-street parking for eight cars adds day-to-day convenience for residents, while the noted near-term rent readiness on three units can support an efficient ramp-up for new ownership.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $14.76 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $38.1k | $13.61 |
| − OpEx | −$17.1k | −$6.12 |
| NOI | $21.0k | $7.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ashley
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.903725
- Latitude
- 41.208511
