Three-Unit Multifamily Property with
For Sale
Contact for pricing
277 E Spring Street, Nanticoke, PA 18634
Multifamily property with varied apartment layouts, separate utility responsibility, and an oversized detached garage.
Property Size3,200 SF
Price / SF$123.44
Days on Market72
Property Features for 277 E Spring Street
General Information
Standard status
Active
Size
3,200 SF
Class
C
Property subtype
Multifamily
Zoning
Multi-Family
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$36,925
Additional Details
Multifamily Units
3
Building Details
Year Built
1924
Year Renovated
2025
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Steel City Realty
Listed By:
Jennifer DeJesus · License #PA RM423820
(484) 895-9005
Source:
Crexi
Added: Jul 30
Changed: Sep 29
Last Checked: Oct 7 at 12:33PM
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 Steel City Realty
Investment Insights
Based on property information with market context.
This three-unit multifamily property in Nanticoke includes one-, two-, and three-bedroom apartments, creating a varied unit mix within the building. Constructed in 1924, the property is zoned Multi-Family and includes an oversized detached garage. Tenants are responsible for their own utilities, which supports a straightforward operating arrangement.
The sale includes two parcels at 277 E Spring Street, providing additional land associated with the property. The detached garage may accommodate workshop or multi-car storage uses, subject to zoning. The property is located in Nanticoke, Pennsylvania.
The sale includes two parcels at 277 E Spring Street, providing additional land associated with the property. The detached garage may accommodate workshop or multi-car storage uses, subject to zoning. The property is located in Nanticoke, Pennsylvania.
Key Highlights
- Three‑unit property with 1-, 2-, and 3‑bedroom apartments
- Tenants pay their own utilities
- Oversized detached garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,825
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,500
$516.5K
Cap Rate 7%
$368,929
$368.9K
Cap Rate 9%
$286,944
$286.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$40.3K $12.60/SF
− Vacancy
−$3.4K −$1.07/SF
EGI
$36.9K $11.53/SF
− OpEx
−$11.1K −$3.46/SF
NOI
$25.8K $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%
$516,500
Cap Rate 7%
$368,929
Cap Rate 9%
$286,944
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,825 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$342.2K
$299.4K – $399.2K
NOI $23,951 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.01M
$887.0K – $1.18M
NOI $70,963 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 18634, PA
13,702
Population
6,497
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
14.3 sq mi
ZIP Area
958
Density / Sq Mi
$60,482
Median Household Income
$38,280
Median Earnings
$798
Median Rent
$108,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with varied apartment layouts, separate utility responsibility, and an oversized detached garage.
Where is this triplex located?
The property is located at 277 E Spring Street Nanticoke, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three‑unit property with 1-, 2-, and 3‑bedroom apartments; Tenants pay their own utilities; Oversized detached garage included
