5-Unit Apartment
New
For Sale
$394,900
162-164 Oliver Street, Swoyersville, PA 18704
Multi-Family, Swoyersville, PA
Property Size4,350 SF
Lot Size0.21 Acres
Price / SF$90.78
Days on Market3
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 10, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 5, Basement, Bathroom 6, Bedroom 1, Bedroom 8
Exterior features
Aluminum, Vinyl
Basement
Concrete, Full
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), Hot Water(Heating), Baseboard
Water source
Public
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: Sep 28
Last Checked: Sep 29 at 11:06PM
MLS# 26-4994
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 4,350-square-foot apartment property contains five units: two with three bedrooms, one with two bedrooms, one with a bedroom and den, and one with a single bedroom. Two units are vacant. The roof was replaced in September 2026, and the property has newer furnaces and hot water heaters.
The 0.2066-acre parcel includes a backyard, with the potential to add off-street parking. The property is zoned Multi-Family and receives water from a public source.
The 0.2066-acre parcel includes a backyard, with the potential to add off-street parking. The property is zoned Multi-Family and receives water from a public source.
Key Highlights
- Five apartments: two 3‑bedroom, one 2‑bedroom, one 1‑bedroom plus den, and one 1‑bedroom
- Two units are vacant
- 4,350 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$651,180
$651.2K
Cap Rate 7%
$465,129
$465.1K
Cap Rate 9%
$361,767
$361.8K
Market Conditions
NOI Build-Up for 4,350 SF
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.
Gross rent
$64.2K $14.76/SF
− Vacancy
−$5.0K −$1.15/SF
EGI
$59.2K $13.61/SF
− OpEx
−$26.6K −$6.12/SF
NOI
$32.6K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$651,180
Cap Rate 7%
$465,129
Cap Rate 9%
$361,767
Alternative Uses
Best Use
Apartment 5plus
$465.1K
$407.0K – $542.7K
NOI $32,559 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,466 @ 7.0% cap · market cap 24.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
411
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-Family zoning and a mix of one-, two-, and three-bedroom layouts support residential rental use.
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 $394,900.
What are key features of this property?
This property features: Five apartments: two 3‑bedroom, one 2‑bedroom, one 1‑bedroom plus den, and one 1‑bedroom; Two units are vacant; 4,350 square feet of building area
