Five-Unit Apartment
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 Market9
Property Features for 162-164 Oliver Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 9, Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bathroom 4, Bathroom 6
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
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
Changed: Aug 12
Last Checked: Aug 13 at 12:06AM
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 4,350-square-foot apartment property contains five units arranged as one 3-bedroom apartment, two 2-bedroom apartments, and two 1-bedroom apartments. Two units are currently vacant, providing immediate leasing flexibility for the next owner. The building has newer furnaces and hot water heaters, with aluminum and vinyl exterior finishes, a shingle roof, and public water service.
The property occupies 0.2066 acres at 162-164 Oliver Street in Swoyersville, Pennsylvania. A spacious backyard is included, with potential for additional off-street parking. Multi-Family zoning supports the existing apartment use.
The property occupies 0.2066 acres at 162-164 Oliver Street in Swoyersville, Pennsylvania. A spacious backyard is included, with potential for additional off-street parking. Multi-Family zoning supports the existing apartment use.
Key Highlights
- Five‑unit apartment configuration with one 3‑bedroom, two 2‑bedroom, and two 1‑bedroom units
- 4,350 square feet on a 0.2066‑acre parcel
- Two units currently vacant for new tenant placement
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
8.14%
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 8.14%
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
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 supports a five-unit apartment configuration with a varied bedroom mix.
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 configuration with one 3‑bedroom, two 2‑bedroom, and two 1‑bedroom units; 4,350 square feet on a 0.2066‑acre parcel; Two units currently vacant for new tenant placement
