4-Unit Multifamily
New
For Sale
$399,000
213-215 Bellman Street, Throop, PA 18512
Residential Income, Throop, PA
Property Size2,644 SF
Lot Size0.17 Acres
Price / SF$150.91
Days on Market2
Property Features for 213-215 Bellman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Basement, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Driveway, Off Street, On Street
Patio and Porch features
Porch
Interior features
Attic Finished, Walk-In Closet(s)
Basement
Concrete, Exterior Entry
Lot features
Back Yard, Corner Lot
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
Traveling on Main st in Dickson City, turn onto Boulevard Ave, follow to left onto Oleckna St. The property is on the corner of Oleckna st and Bellman St.
Standard status
Active
APN
12416010019
Size
2,644 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3536
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Number of units
4
Flooring type
Linoleum, Carpet
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Kimberly Korgeski · License #RS316936
(570) 309-9600
Added: Nov 5
Last Checked: Nov 6 at 12:06PM
MLS# SC265574
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 four-unit multifamily property contains 2,644 square feet on a 0.17-acre corner lot. Three apartments each have one bedroom and one bathroom; the remaining unit has three bedrooms and one bathroom and is vacant. Built in 1930, the building has a finished attic, walk-in closet, porch, and basement. Natural gas provides heat, and the property is served by public water and sewer.
Parking includes off-street space, a driveway, and on-street options. A park is nearby. The property is zoned R1.
Parking includes off-street space, a driveway, and on-street options. A park is nearby. The property is zoned R1.
Key Highlights
- Four apartments: three 1‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit
- Three units are occupied; the 3‑bedroom apartment is vacant
- 2,644 square feet on a 0.17‑acre corner parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,804
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,080
$436.1K
Cap Rate 7%
$311,486
$311.5K
Cap Rate 9%
$242,267
$242.3K
Market Conditions
NOI Build-Up for 2,644 SF
Gross rent
$33.3K $12.60/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$31.1K $11.78/SF
− OpEx
−$9.3K −$3.53/SF
NOI
$21.8K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,080
Cap Rate 7%
$311,486
Cap Rate 9%
$242,267
Alternative Uses
Best Use
Multifamily LT 5
$311.5K
$272.6K – $363.4K
NOI $21,804 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$291.2K
$254.8K – $339.7K
NOI $20,383 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$671.1K
$587.2K – $783.0K
NOI $46,977 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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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
$173,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Lackawanna County, PA
Properties on Market for Quadplexes in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while the fourth offers a vacant three-bedroom layout.
Where is this quadplex located?
The property is located at 213-215 Bellman Street Throop, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four apartments: three 1‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit; Three units are occupied; the 3‑bedroom apartment is vacant; 2,644 square feet on a 0.17‑acre corner parcel
