Three-Unit Multifamily
For Sale
$175,000
17 S Logan St, McAdoo, PA 18237
Three separately entered units with shared patio access, basement storage, a detached garage, and a large rear yard.
Property Size2,598 SF
Price / SF$67.36
Days on Market26
Property Features for 17 S Logan St
General Information
Standard status
Active
Size
2,598 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Amenities
shared enclosed patio area
large back yard
Building Details
Year Built
1900
Listing Agency:
Century 21 Ryon Real Estate
(610) 767-2200
Listed By:
Vince Boyle · License #R344371
Source:
Poconohomessearch
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 29 at 5:25PM
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 Century 21 Ryon Real Estate
Investment Insights
Based on property information with market context.
Built in 1900, this three-unit multifamily property contains 2,598 square feet across three individually accessed residences. The largest unit includes a kitchen, dining room, living room, full bath, upper-level rooms, and access to a full-building attic with three additional rooms. The other two units each provide a living room, kitchen-dining area, two potential bedrooms, and a full bath; one kitchen is ready for renovation, while the third residence requires more extensive work.
Each entrance faces South Logan Street, while the kitchens connect to a shared enclosed patio leading to the rear yard. All three units also have basement access, with the basement opening to the backyard. A detached garage and driveway provide existing off-street parking. The corner parcel extends from South Logan Street to South B Street, with West Fifth Street along its north side. Shopping and dining are nearby, with access to Hazleton, Tamaqua, Route 309, and Interstate 81.
Each entrance faces South Logan Street, while the kitchens connect to a shared enclosed patio leading to the rear yard. All three units also have basement access, with the basement opening to the backyard. A detached garage and driveway provide existing off-street parking. The corner parcel extends from South Logan Street to South B Street, with West Fifth Street along its north side. Shopping and dining are nearby, with access to Hazleton, Tamaqua, Route 309, and Interstate 81.
Key Highlights
- Three‑unit property with 2,598 square feet of building area
- Unit one includes attic access with three additional rooms
- Three individual entrances along South Logan Street
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
$15,304
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
8.75%
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%
$306,080
$306.1K
Cap Rate 7%
$218,629
$218.6K
Cap Rate 9%
$170,044
$170.0K
Market Conditions
NOI Build-Up for 2,598 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
$23.4K $9.00/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$21.9K $8.42/SF
− OpEx
−$6.6K −$2.52/SF
NOI
$15.3K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$306,080
Cap Rate 7%
$218,629
Cap Rate 9%
$170,044
Alternative Uses
Best Use
Multifamily LT 5
$218.6K
$191.3K – $255.1K
NOI $15,304 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$203.1K
$177.7K – $236.9K
NOI $14,214 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$389.7K
$341.0K – $454.7K
NOI $27,279 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 18237, PA
3,463
Population
1,844
Households
1.9
Avg Household Size
41
Median Age
14%
College-Educated
82%
High-School Grad
17.6 sq mi
ZIP Area
197
Density / Sq Mi
$47,181
Median Household Income
$36,375
Median Earnings
$1,021
Median Rent
$90,400
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?
Triplex - Three separately entered units with shared patio access, basement storage, a detached garage, and a large rear yard.
Where is this triplex located?
The property is located at 17 S Logan St McAdoo, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Three‑unit property with 2,598 square feet of building area; Unit one includes attic access with three additional rooms; Three individual entrances along South Logan Street
