Tenant-Occupied Multifamily
For Sale
$199,900
1903 W MARKET Street, Pottsville, PA 17901
MULTI_FAMILY - Other - POTTSVILLE, PA
Property Size2,045 SF
Lot Size0.05 Acres
Price / SF$97.75
Days on Market691
Property Features for 1903 W MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Garage - Attached
Subdivision
YORKVILLE
Elementary school district
POTTSVILLE AREA
Middle school district
POTTSVILLE AREA
High school district
POTTSVILLE AREA
Standard status
Active
Size
2,045 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2157
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Added: Sep 17, 2024
Changed: Jun 9
Last Checked: Aug 8 at 5:06PM
MLS# PASK2017658
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This listing is for a tenant-occupied multifamily duplex property located at 1903 W Market Street in Pottsville, Pennsylvania. The offering is being sold as-is and is designated for cash sales only.
The location provides easy access to Route 61, supporting straightforward travel in the area. The property is positioned within Schuylkill County.
For investors or owner-operators seeking a straightforward, income-generating residential duplex, this asset offers the benefit of existing in-place tenancy at the time of sale. Because the property is being sold as-is, buyers should plan for their own due diligence and any desired improvements. Tenant-occupied status also makes it important to coordinate access and timing for inspections and any post-closing work.
The location provides easy access to Route 61, supporting straightforward travel in the area. The property is positioned within Schuylkill County.
For investors or owner-operators seeking a straightforward, income-generating residential duplex, this asset offers the benefit of existing in-place tenancy at the time of sale. Because the property is being sold as-is, buyers should plan for their own due diligence and any desired improvements. Tenant-occupied status also makes it important to coordinate access and timing for inspections and any post-closing work.
Key Highlights
- Multi‑unit property in Pottsville, PA with tenant occupancy
- Brick construction
- Wall unit(s) cooling
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
$12,046
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
6.03%
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%
$240,920
$240.9K
Cap Rate 7%
$172,086
$172.1K
Cap Rate 9%
$133,844
$133.8K
Market Conditions
NOI Build-Up for 2,045 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
$18.4K $9.00/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$17.2K $8.42/SF
− OpEx
−$5.2K −$2.52/SF
NOI
$12.0K $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%
$240,920
Cap Rate 7%
$172,086
Cap Rate 9%
$133,844
Alternative Uses
Best Use
Multifamily LT 5
$172.1K
$150.6K – $200.8K
NOI $12,046 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$159.8K
$139.9K – $186.5K
NOI $11,188 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$306.8K
$268.4K – $357.9K
NOI $21,473 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex in Pottsville with easy access to Route 61, sold as-is for cash buyers.
Where is this duplex located?
The property is located at 1903 W MARKET Street Pottsville, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Multi‑unit property in Pottsville, PA with tenant occupancy; Brick construction; Wall unit(s) cooling
