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Shovel-Ready Apartment Redevelopment
New
For Sale
$1,150,000

164 S Main Street, Carbondale, PA 18407

Approved plans and permits support a flexible multifamily residential project with utilities and infrastructure already on site.

Property Size17,000 SF
Price / SF$67.65
Days on Market4

Property Features for 164 S Main Street

General Information

Standard status Active
Size 17,000 SF
Property subtype Multi-Unit

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Multifamily Units 24

Amenities

Lot Size Acres: 1
Total Taxes: $15,000, Percentage of Tax that is Deductable: 0
Garage Type: Attached
Sale, Sale Type: Foreclosure, Availability Date: 2026-08-11
Residential Style: Apartment, 2 Stories
Property Zone Type: 600, Above Area Square Feet: 17000
Near Train, Near Bus, Handicap Features
Water Source: Municipal
Listing Agency: OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT
Listed By: Ofra Beigel
Source: Doyle-realty
Added: Aug 11 Changed: Aug 14 Last Checked: Aug 14 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT

Investment Insights

Based on property information with market context.

This apartment redevelopment project is approved for 17-24 residential units under Group R-2 Multifamily zoning. Architectural, schematic, and MEP plans have been completed, while UCC / IBC-2018 compliant permits are approved for the planned work. The residential configuration allows for adaptable layouts intended for market-rate or workforce housing.

Located at 164 S Main Street in Carbondale, the property is within the Downtown Main Street District and has utilities and infrastructure on site. Shops, employers, services, and public transportation are accessible from the property. The approved zoning, completed design and engineering documents, and construction permits provide a defined framework for a multifamily development project.

Key Highlights

  • Approved for 17‑24 residential units under Group R‑2 Multifamily zoning
  • Architectural, schematic, and MEP plans completed
  • UCC / IBC‑2018 compliant permits approved

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

24
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

713
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Approved plans and permits support a flexible multifamily residential project with utilities and infrastructure already 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 $1,150,000.
What are key features of this property?
This property features: Approved for 17‑24 residential units under Group R‑2 Multifamily zoning; Architectural, schematic, and MEP plans completed; UCC / IBC‑2018 compliant permits approved
More about this property
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