4-Unit Apartment
New
For Sale
$449,900
266 S Main Street, Pittston, PA 18701
Multi-Family, Pittston, PA
Property Size3,000 SF
Lot Size0.22 Acres
Price / SF$149.97
Days on Market2
Property Features for 266 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bedroom 1
Parking features
Off Street
Exterior features
Wood
Basement
Full, Concrete
Elementary school district
Pittston
Middle school district
Pittston
High school district
Pittston
Directions
From S. Main Street, Pittston / Continue / Property on Right / For Off-Street Parking / Right on E. Swallow / Right into Alley Behind Corner Brick House
Subdivision
Pittston
Standard status
Active
APN
72-E11SE1-033-037-000
Size
3,000 SF
Lot size
0.22 Acres
Additional Details
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Year
2026
Tax Description
Tenant & Personal Property
Tax Annual Amount
4001
Legal Description
Tenant & Personal Property
Utilities
Heating system
Electric (Heating), Baseboard, Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer & dryer in every unit
Building Details
Roof type
Shingle
Listing Agency:
Jonathan J. Nelson Real Estate
(570) 212-9583
Listed By:
Matthew Nelson · License #RS372694
(570) 614-9694
Added: Nov 5
Last Checked: Nov 6 at 6:06AM
MLS# 26-5786
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.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot apartment property contains four units: three two-bedroom, one-bathroom apartments and one studio. Each residence has a washer and dryer. Gas and electric utilities are separately metered, and the building has central air conditioning and public water service. The property occupies a 0.2241-acre lot in downtown Pittston and is zoned Multi-Family. Four off-street parking spaces are provided.
Key Highlights
- Three two‑bedroom, one‑bathroom apartments plus one studio
- 3,000 square feet on a 0.2241‑acre lot
- Washer and dryer in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,211
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,220
$484.2K
Cap Rate 7%
$345,871
$345.9K
Cap Rate 9%
$269,011
$269.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.8K $12.60/SF
− Vacancy
−$3.2K −$1.07/SF
EGI
$34.6K $11.53/SF
− OpEx
−$10.4K −$3.46/SF
NOI
$24.2K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,220
Cap Rate 7%
$345,871
Cap Rate 9%
$269,011
Alternative Uses
Best Use
Multifamily LT 5
$345.9K
$302.6K – $403.5K
NOI $24,211 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$320.8K
$280.7K – $374.2K
NOI $22,454 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 14.79%
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
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 18701, PA
4,658
Population
1,513
Households
3.1
Avg Household Size
27
Median Age
25%
College-Educated
87%
High-School Grad
0.5 sq mi
ZIP Area
9,316
Density / Sq Mi
$32,417
Median Household Income
$6,479
Median Earnings
$842
Median Rent
$245,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment includes a washer and dryer, and gas and electric service are separately metered.
Where is this quadplex located?
The property is located at 266 S Main Street Pittston, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three two‑bedroom, one‑bathroom apartments plus one studio; 3,000 square feet on a 0.2241‑acre lot; Washer and dryer in each apartment
