Building Details

Year Built 1900

Listing Agency: United Country Magnolia Realty Services i***@magnoliarealtyservices.com Show Phone

Listed By: Trudy L Keefer · License #RS153452A Show Phone

Source: Cummingsrealtors

Added: Oct 16 Changed: Oct 31 Last Checked: Oct 30 at 3:15PM

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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 United Country Magnolia Realty Services

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Investment Insights

Based on property information with market context.

Built in 1900, this triplex contains three units with different floor plans. Unit A is a renovated first-floor apartment with two bedrooms, a full bathroom, and a laundry area. Unit B has three bedrooms, a full bathroom, an attic, and a basement; its tenants have occupied the unit for 30 years. Unit C places the kitchen, dining room, and bathroom on the first floor, with the living room and bedrooms upstairs.

Property features include a metal roof installed in 2026, a generator with a furnace hookup, newer thermal windows and siding, paved parking and driveway, and a coal bin. Heating is provided by coal-fired hot-water baseboards, and water is included in the rent.

Key Highlights

• Three residential units with distinct layouts
• Renovated Unit A has two bedrooms, a full bathroom, and a laundry area
• Unit B includes three bedrooms, an attic, and a basement; tenants have occupied it for 30 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,733

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,660 $374.7K

Cap Rate 7%

$267,614 $267.6K

Cap Rate 9%

$208,144 $208.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,424 SF

Gross rent

$36.2K $10.56/SF

− Vacancy

−$2.1K −$0.61/SF

EGI

$34.1K $9.95/SF

− OpEx

−$15.3K −$4.48/SF

NOI

$18.7K $5.47/SF

Area

Schuylkill County, PA

Vacancy

5.80%

Lease Rate

$10.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,660

Cap Rate 7%

$267,614

Cap Rate 9%

$208,144

Alternative Uses

Best Use

Multifamily LT 5

$288.1K

$252.1K – $336.2K (±1% cap)

NOI $20,169 @ 7.0% cap · market cap 9.38%

Second Best

Apartment 5plus

$267.6K

$234.2K – $312.2K (±1% cap)

NOI $18,733 @ 7.0% cap · market cap 8.71%

Theoretical Best

Office A

$513.6K

$449.4K – $599.2K (±1% cap)

NOI $35,952 @ 7.0% cap · market cap 16.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 17978, PA

502

Population

206

Households

2.4

Avg Household Size

31

Median Age

1%

College-Educated

50%

High-School Grad

6.8 sq mi

ZIP Area

74

Density / Sq Mi

$59,444

Median Household Income

$41,250

Median Earnings

$875

Median Rent

$233,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three distinct residential layouts include a renovated first-floor apartment and a unit arranged across two levels.

Where is this triplex located?

The property is located at 2633 W MAIN STREET Spring Glen, PA.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Three residential units with distinct layouts; Renovated Unit A has two bedrooms, a full bathroom, and a laundry area; Unit B includes three bedrooms, an attic, and a basement; tenants have occupied it for 30 years