Multi-Family with Commercial
For Sale
$450,000
1715-1717 West Market Street, Pottsville, PA 17901
Five-unit property with four tenant-occupied residential units generating $4,500 monthly, plus a vacant commercial space.
Property Size4,200 SF
Price / SF$107.14
Days on Market147
Property Features for 1715-1717 West Market Street
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial Building
Additional Details
Multifamily Units
4
Amenities
Lot Size Square Feet: 9148
Asphalt Roof, Rubber Roof, Metal Roof
Sewer Type: Other
Total Taxes: $4,787, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Hardwood Floor, Carpet Floor, Linoleum Floor, Laminate Floor
Baseboard Heating, Radiant Heating, Hot Water Heating, Electric Heat Fuel, Gas Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-04-10
Basement Type: Partial, Unfinished
2 Stories, Built in 1953, Renovation Year: 2024
Neighborhood Name: Yorkville
Above Area Square Feet: 4200
Near Bus
5 Full Baths
Water Source: Community, Natural Gas Available
Amps: 100
Construction Type: Masonry - Brick, Deck
Brick Siding, Wood Siding, Aluminum Siding, Masonry Siding
Building Details
Year Built
1953
Listing Agency:
FIRST CAPITOL REAL ESTATE LLC
Listed By:
Nicole Byrd · License #RM424319
(717) 779-9833
Source:
Doyle-realty
Added: Apr 20
Changed: Sep 12
Last Checked: Sep 12 at 6:45AM
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 FIRST CAPITOL REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This five-unit property includes four currently tenant-occupied residential apartments and a fifth unit that is configured as a commercial space. The residential mix features two 3-bedroom/1-bath units and two 2-bedroom/1-bath units, offering multiple layout options within the same building. The remaining commercial space is vacant and ready for a new concept or tenant, creating flexibility for additional income.
The property is positioned just off a main road, supporting convenient access for both residential tenants and potential commercial use.
With four units producing monthly income and one unit available to lease, the building provides a straightforward income base alongside the opportunity to add revenue through the vacant commercial space.
The property is positioned just off a main road, supporting convenient access for both residential tenants and potential commercial use.
With four units producing monthly income and one unit available to lease, the building provides a straightforward income base alongside the opportunity to add revenue through the vacant commercial space.
Key Highlights
- Five‑unit property (1953) in Pottsville, with four tenant‑occupied residential units plus a separate commercial space
- Four residential units are tenant‑occupied and currently generate $4,500 per month in income
- Residential unit mix: two 3 bed/1 bath units at 1715 and two 2 bed/1 bath units at 1717
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
$29,997
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
6.67%
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%
$599,940
$599.9K
Cap Rate 7%
$428,529
$428.5K
Cap Rate 9%
$333,300
$333.3K
Market Conditions
NOI Build-Up for 4,200 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
$47.9K $11.40/SF
− Vacancy
−$5.0K −$1.20/SF
EGI
$42.9K $10.20/SF
− OpEx
−$12.9K −$3.06/SF
NOI
$30.0K $7.14/SF
Area
Schuylkill County, PA
Vacancy
10.50%
Lease Rate
$11.40 /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%
$599,940
Cap Rate 7%
$428,529
Cap Rate 9%
$333,300
Alternative Uses
Best Use
Retail
$428.5K
$375.0K – $500.0K
NOI $29,997 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$328.3K
$287.2K – $383.0K
NOI $22,979 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$630.0K
$551.3K – $735.0K
NOI $44,100 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with four tenant-occupied residential units generating $4,500 monthly, plus a vacant commercial space.
Where is this apartment building located?
The property is located at 1715-1717 West Market Street Pottsville, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five‑unit property (1953) in Pottsville, with four tenant‑occupied residential units plus a separate commercial space; Four residential units are tenant‑occupied and currently generate $4,500 per month in income; Residential unit mix: two 3 bed/1 bath units at 1715 and two 2 bed/1 bath units at 1717
