5-Unit Apartment
For Sale
$465,000
212 E Elm Street, Dunmore, PA 18512
MULTI_FAMILY - Dunmore, PA
Property Size2,561 SF
Lot Size0.15 Acres
Price / SF$181.57
Days on Market51
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 6, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 9, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bathroom 3, Bathroom 4, Basement, Bedroom 8, Bathroom 5
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
Active
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: Aug 4
Last Checked: Aug 29 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This 5-unit apartment building is fully occupied and designed for straightforward operation. Heat and electric are separately metered for the units, and the building includes a basement along with multiple bedroom and bathroom spaces. Parking is available via a garage. The property has a composition roof, uses natural gas for heating, and is served by public water and public sewer.
Set on a 0.15-acre lot in Dunmore, Pennsylvania, the building is zoned R1. With all tenants currently on month-to-month leases, the ownership structure provides flexibility for future rent adjustments while the property remains occupied.
Built in 1930, this property is positioned as a small-scale multifamily option for buyers seeking an occupied asset with separately metered utilities and R1 zoning.
Set on a 0.15-acre lot in Dunmore, Pennsylvania, the building is zoned R1. With all tenants currently on month-to-month leases, the ownership structure provides flexibility for future rent adjustments while the property remains occupied.
Built in 1930, this property is positioned as a small-scale multifamily option for buyers seeking an occupied asset with separately metered utilities and R1 zoning.
Key Highlights
- Fully occupied 5‑unit apartment building with month‑to‑month tenant leases
- Heat and electric are separately metered for the units
- 0.15‑acre lot
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
$19,744
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
4.25%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - R1-zoned five-unit building with separately metered heat and electric, natural gas heat, and public water and sewer.
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: Fully occupied 5‑unit apartment building with month‑to‑month tenant leases; Heat and electric are separately metered for the units; 0.15‑acre lot
