Mixed-Use Property with
For Sale
$525,000
18 E Diamond Avenue, Hazleton, PA 18201
Commercial, Hazleton, PA
Property Size3,387 SF
Price / SF$155
Days on Market26
Property Features for 18 E Diamond Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
Down Diamond Ave the Property will be towards your right Infront of station 33
Subdivision
Hazleton Area
Standard status
Active
APN
71-T8SW21-005-005-000
Size
3,387 SF
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Description
Personal Property
Tax Annual Amount
3166
Legal Description
Personal Property
Building Details
Year built
1930
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Anthony Pimentel · License #RS369464
(570) 926-0240
Added: Oct 12
Changed: Oct 26
Last Checked: Nov 6 at 12:06PM
MLS# 26-5304
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.
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Investment Insights
Based on property information with market context.
At 18 E Diamond Avenue in Hazleton, this 3,387-square-foot mixed-use property contains five units: a nail salon and four apartments. The building was constructed in 1930 and is zoned residential.
Key Highlights
- Five‑unit property with a nail salon and four apartments
- 3,387 square feet
- Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,531
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,620
$670.6K
Cap Rate 7%
$479,014
$479.0K
Cap Rate 9%
$372,567
$372.6K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$61.0K $18.00/SF
− Vacancy
−$7.3K −$2.16/SF
EGI
$53.7K $15.84/SF
− OpEx
−$20.1K −$5.94/SF
NOI
$33.5K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,620
Cap Rate 7%
$479,014
Cap Rate 9%
$372,567
Alternative Uses
Best Use
Mixed Use
$479.0K
$419.1K – $558.9K
NOI $33,531 @ 7.0% cap · market cap 6.39%
Second Best
Retail
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.07M
$938.9K – $1.25M
NOI $75,110 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The five-unit building combines a nail salon with four apartments under residential zoning.
Where is this mixed-use property located?
The property is located at 18 E Diamond Avenue Hazleton, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Five‑unit property with a nail salon and four apartments; 3,387 square feet; Residential zoning
