Five-Unit Apartment
New
For Sale
$399,900
162-164 Oliver Street, Swoyersville, PA 18704
MULTI_FAMILY - Swoyersville, PA
Property Size4,350 SF
Lot Size0.21 Acres
Price / SF$91.93
Days on Market2
Property Features for 162-164 Oliver Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 5, Bedroom 6, Bedroom 10, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 6, Bedroom 8, Bathroom 5, Bathroom 3
Exterior features
Aluminum, Vinyl
Basement
Full, Concrete
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Bennett Street to right on Jackson Street to Oliver Street. Property on the corner of Oliver and Jackson Streets.
Subdivision
Kingston-Forty Fort-Swoyersville
Standard status
Active
APN
F9SE4003020-59
Size
4,350 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
4142
Utilities
Heating system
Electric (Heating), Baseboard, Hot Water(Heating)
Water source
Public
Amenities
backyard
Building Details
Roof type
Shingle
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS Back Mtn
(570) 696-2600
Listed By:
Dawn R Wiringer · License #RS332734
(570) 606-7672
Added: Aug 5
Last Checked: Aug 6 at 2:06AM
MLS# 26-3882
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.
Investment Insights
Based on property information with market context.
This five-unit apartment property at 162-164 Oliver Street contains one three-bedroom apartment, two two-bedroom apartments, one one-bedroom apartment, and one efficiency unit. The building encompasses 4,350 square feet on a 0.2066-acre lot and includes a basement. Two units are currently vacant, providing immediate leasing flexibility for a new owner.
Mechanical features include newer furnaces and hot water heaters, with electric, baseboard, and hot-water heating systems. The property has aluminum and vinyl exterior finishes, a shingle roof, and public water service. Zoning is Multi-Family. A backyard is included with the property, and the existing unit mix offers several residential configurations within one apartment building.
Mechanical features include newer furnaces and hot water heaters, with electric, baseboard, and hot-water heating systems. The property has aluminum and vinyl exterior finishes, a shingle roof, and public water service. Zoning is Multi-Family. A backyard is included with the property, and the existing unit mix offers several residential configurations within one apartment building.
Key Highlights
- Five‑unit apartment building with one 3‑bedroom, two 2‑bedroom, one 1‑bedroom, and one efficiency unit
- 4,350 square feet on a 0.2066‑acre lot
- Two units currently vacant
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 | $64.2k | $14.76 |
| − Vacancy | −$5.0k | −$1.15 |
| EGI | $59.2k | $13.61 |
| − OpEx | −$26.6k | −$6.12 |
| NOI | $32.6k | $7.48 |
4,350 SF · lease $14.76/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$465.1K
$407.0K – $542.7K
NOI $32,559 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,466 @ 7.0% cap · market cap 24.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied unit layouts, updated mechanical systems, and a backyard area.
Where is this apartment building located?
The property is located at 162-164 Oliver Street Swoyersville, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Five‑unit apartment building with one 3‑bedroom, two 2‑bedroom, one 1‑bedroom, and one efficiency unit; 4,350 square feet on a 0.2066‑acre lot; Two units currently vacant
