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Entitled Multifamily Development
New
For Sale
$1,125,000

164 S Main Street, Carbondale, PA 18407

Residential Income, Carbondale, PA

Property Size17,000 SF
Lot Size1.00 Acre
Price / SF$66.18
Days on Market2

Property Features for 164 S Main Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description Multi-Family
High school district Carbondale
Standard status Active
Size 17,000 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Annual Amount 15000

Utilities

Water source Public

Building Details

Floors in Building 2
Architectural style Other
Listing Agency: OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT
Listed By: Ofra Beigel
Added: Oct 17 Last Checked: Oct 18 at 8:06AM
MLS# 12032629

Copyright © 2026 My State 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 one-acre multifamily redevelopment site is approved for 17 to 24 residential units. Architectural and MEP plans are complete, and permits have been approved for construction under UCC and IBC-2018 requirements. Utilities and infrastructure are already on site, supporting the project’s planned residential use.

The property is on S Main Street in downtown Carbondale, with shops, employers, services, and public transportation described as accessible from the site.

Key Highlights

  • Approved for 17‑24 residential units
  • One‑acre redevelopment site in downtown Carbondale
  • Architectural plans and MEP plans completed

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

501
Businesses Nearby

Demographics for 18407, PA

14,047
Population
7,028
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
41.5 sq mi
ZIP Area
338
Density / Sq Mi
$57,261
Median Household Income
$40,174
Median Earnings
$826
Median Rent
$142,600
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Approved residential plans and permits support a 17- to 24-unit project with utilities and infrastructure on site.
Where is this apartment building located?
The property is located at 164 S Main Street Carbondale, PA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Approved for 17‑24 residential units; One‑acre redevelopment site in downtown Carbondale; Architectural plans and MEP plans completed
More about this property
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