Pottsville Turnkey Investment
201 North 2nd Street Pottsville, PA 17901
For Sale
$199,900
Charming 3-unit property in downtown Pottsville with immediate cash flow.
Property Size3,236 SF
Price / SF$61.77
Days on Market82
Property Features for 201 North 2nd Street
General Information
- Standard status
- Active
- Size
- 3,236 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Mullen Realty Associates
(570) 366-4686
Listed By:
Bradley K Mullen · License #RM425563
(570) 366-4686
Source:
Compass
Added: May 5
Changed: Jul 10
Last Checked: Jul 24 at 2:40PM
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 Mullen Realty Associates
Investment Insights
Based on property information with market context.
This turnkey, three-unit investment property is located in Downtown Pottsville. The red brick corner property showcases historic 1900s architectural details. The property features three two-bedroom units, all of which are currently leased. Each unit includes a functional layout with a kitchen and a full bathroom. The property utilizes gas heat with separate zones. The property is located within walking distance of the courthouse and the downtown business district, close to businesses, shops, restaurants, and everyday amenities. The property has a proven rental history. The building size is 3236 square feet. The property is located within the Pottsville Area School District, specifically the D.H.H. Lengel Middle School and Pottsville Area High School.
Key Highlights
- Turnkey 3‑unit investment property with immediate and consistent cash flow.
- Prime downtown Pottsville location, walk to everything!
- Historic red brick corner property with strong curb appeal.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $10.56 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $32.2k | $9.95 |
| − OpEx | −$14.5k | −$4.48 |
| NOI | $17.7k | $5.47 |
3,236 SF · lease $10.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.3K
$238.3K – $317.7K
NOI $19,062 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.1K
NOI $17,705 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$485.4K
$424.7K – $566.3K
NOI $33,978 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Charming 3-unit property in downtown Pottsville with immediate cash flow.
Where is this triplex located?
The property is located at 201 North 2nd 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: Turnkey 3‑unit investment property with immediate and consistent cash flow.; Prime downtown Pottsville location, walk to everything!; Historic red brick corner property with strong curb appeal.
