Five-Unit Apartment
For Sale
$465,000
Pending
212 E Elm Street, Dunmore, PA 18512
Residential Income, Dunmore, PA
Property Size2,561 SF
Lot Size0.15 Acres
Days on Market99
Property Features for 212 E Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Residential
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 9, Bathroom 5, Basement
Parking
1
Parking features
Garage
Basement
Unfinished
Elementary school district
Dunmore
Middle school district
Dunmore
High school district
Dunmore
Directions
Heading East on Corner St, turn right onto East elm heading south.
Standard status
Pending
APN
14615050059
Size
2,561 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
45X148x45x149 Bldg & Land W-03 B-0140 L-0050 P-00700
Tax Annual Amount
3149
Legal Description
45X148x45x149 Bldg & Land W-03 B-0140 L-0050 P-00700
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
5
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Added: Jul 10
Changed: Sep 12
Last Checked: Oct 16 at 10:06PM
MLS# SC263326
Copyright © 2026 Greater Scranton Board of Realtors MLS. 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.
This 2,561-square-foot apartment building contains five occupied units with a reported total of 9 bedrooms and 5 bathrooms. Constructed in 1930, the property includes a basement, garage parking, a composition roof, and natural-gas heating. Heat and electric service are separately metered for the units.
The property occupies 0.15 acres at 212 E Elm Street in Dunmore, Pennsylvania. Public water and public sewer serve the building, which is zoned R1. All tenants are on month-to-month leases, and scheduled group showings are required because the property is fully occupied.
The property occupies 0.15 acres at 212 E Elm Street in Dunmore, Pennsylvania. Public water and public sewer serve the building, which is zoned R1. All tenants are on month-to-month leases, and scheduled group showings are required because the property is fully occupied.
Key Highlights
- Five‑unit apartment property with full occupancy
- 2,561 square feet on a 0.15‑acre parcel
- 9 bedrooms and 5 bathrooms reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,744
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,880
$394.9K
Cap Rate 7%
$282,057
$282.1K
Cap Rate 9%
$219,378
$219.4K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$38.1K $14.88/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$35.9K $14.02/SF
− OpEx
−$16.2K −$6.31/SF
NOI
$19.7K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,880
Cap Rate 7%
$282,057
Cap Rate 9%
$219,378
Alternative Uses
Best Use
Apartment 5plus
$282.1K
$246.8K – $329.1K
NOI $19,744 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.0K
$568.8K – $758.4K
NOI $45,502 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartments feature month-to-month leases, separate utility metering, and garage parking.
Where is this apartment building located?
The property is located at 212 E Elm Street Dunmore, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Five‑unit apartment property with full occupancy; 2,561 square feet on a 0.15‑acre parcel; 9 bedrooms and 5 bathrooms reported
