Pottsville Multifamily Investment
1903 W MARKET ST, Pottsville, PA 17901
For Sale
$199,900
Tenant-occupied multifamily property in Pottsville, convenient location, cash sales only.
Property Size2,045 SF
Price / SF$97.75
Days on Market228
Property Features for 1903 W MARKET ST
General Information
Standard status
Size
Property subtype
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Source:
Keygroupmd
Added: Mar 26
Changed: Oct 26
Last Checked: Nov 8 at 6:03AM
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 Ramus Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located in Pottsville, Pennsylvania, and offers convenient access to Route 61. The property is tenant-occupied and is being sold as-is, with cash sales only. It is approximately one hour from Allentown and approximately two and a half hours from New York City. The building has a size of 2178 square feet.
Key Highlights
- Easy access to Route 61 for travel.
- Tenant occupied.
- Proximity to Allentown (1 hour).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,188
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,760
$223.8K
Cap Rate 7%
$159,829
$159.8K
Cap Rate 9%
$124,311
$124.3K
Market Conditions
NOI Build-Up for 2,045 SF
Gross rent
$21.6K $10.56/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$20.3K $9.95/SF
− OpEx
−$9.2K −$4.48/SF
NOI
$11.2K $5.47/SF
Area
Schuylkill County, PA
Vacancy
5.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,760
Cap Rate 7%
$159,829
Cap Rate 9%
$124,311
Alternative Uses
Best Use
Apartment 5plus
$159.8K
$139.9K – $186.5K
NOI $11,188 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
302
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
$130,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Pottsville, PA
Properties on Market for Multifamily properties in Pottsville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied multifamily property in Pottsville, convenient location, cash sales only.
Where is this multifamily property located?
The property is located at 1903 W MARKET ST 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: Easy access to Route 61 for travel.; Tenant occupied.; Proximity to Allentown (1 hour).
