Back to Search

Six-Unit Multifamily Investment

256-260 E Grove Street Pringle, PA 18704

New

256-260 E Grove Street, Pringle, PA, 18704

$675,000

For Sale

$675,000

MULTI_FAMILY - Pringle, PA

Property Size6,450 SF

Lot Size0.24 Acres

Price / SF$104.65

Days on Market1

Property Features for 256-260 E Grove Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Residential
Bedrooms: 15
Bathrooms: 7
Rooms: Bedroom 1, Bedroom 5, Bedroom 13, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 6, Bedroom 2, Basement, Bedroom 4, Bedroom 14, Bedroom 11, Bedroom 6, Bathroom 2, Bedroom 15, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 12, Bedroom 10, Bedroom 9
Parking features: Off Street
Exterior features: Brick, Vinyl, Stucco
Basement: Concrete
Standard status: Active
APN: 52-G9S1-015-018
Size: 6,450 SF
Lot size: 0.24 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: Tenant's Personal Property
Tax Annual Amount: 5264

Utilities

Heating system: Steam
Cooling system: Window Unit(s)
Water source: Public

Building Details

Roof type: Shingle

Listing agency Christian Saunders Real Estate

Listed by Marc Vincent Rodriguez-Douglas · License #RS372387

Added: Jul 21 Checked: Jul 21 at 7:06PM

MLS# 26-3548

Copyright © 2026 Luzerne County Association of REALTORS®. 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 for-sale multifamily property consists of two buildings on one parcel, sold under one deed, totaling six residential units. The listing notes that five of the units are fully renovated and currently occupied. The property is listed as being in Residential zoning.

Located at 256-260 E Grove Street in Pringle, Pennsylvania 18704 (Luzerne County), the site totals approximately 0.2424 acres and is listed at about 6,450 square feet.

The seller’s remarks describe the offering as producing an approximately 9% cap rate based on current performance, with the focus on the currently renovated and occupied unit mix.

Key Highlights

6‑unit multifamily investment with two buildings on one parcel and one deed
Currently generating a 9% cap rate, with 5 fully renovated and occupied units
Exterior materials include brick, vinyl, and stucco

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$95.2k	$14.76
− Vacancy	−$7.4k	−$1.15
EGI	$87.8k	$13.61
− OpEx	−$39.5k	−$6.12
NOI	$48.3k	$7.48

6,450 SF · lease $14.76/SF/yr · vacancy 7.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$689.7K

$603.5K – $804.6K (±1% cap)

NOI $48,277 @ 7.0% cap · market cap 7.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $143,035 @ 7.0% cap · market cap 21.19%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

For sale
Apartment buildings
PA
Pringle
18704
256-260 E Grove Street

What type of property is this?

Apartment building - Six units across two buildings on one parcel, with five renovated occupied units, according to the listing.

Where is this apartment building located?

The property is located at 256-260 E Grove Street Pringle, PA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 6‑unit multifamily investment with two buildings on one parcel and one deed; Currently generating a 9% cap rate, with 5 fully renovated and occupied units; Exterior materials include brick, vinyl, and stucco