Four-Unit
305 E Grove St, Kingston, PA
For Sale
$450,000
Two residences are occupied, while two are vacant and available for preparation.
Property Size4,062 SF
Price / SF$110.78
Days on Market36
Property Features for 305 E Grove St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
eXp Realty- Scranton/Wilkes-Barre
(888) 397-7352
Listed By:
Jason Giomboni Team
(570) 793-1232
Source:
Exprealty
Added: Oct 5
Changed: Nov 6
Last Checked: Nov 8 at 8:16AM
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 eXp Realty- Scranton/Wilkes-Barre
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Investment Insights
Based on property information with market context.
This 4,062-square-foot quadplex contains four separate residential units. Two units are occupied and two are vacant, providing a mixed occupancy profile at the property.
The building is at 305 E Grove St in Kingston, Pennsylvania, with shopping, dining, public transportation, and major roadways nearby.
The building is at 305 E Grove St in Kingston, Pennsylvania, with shopping, dining, public transportation, and major roadways nearby.
Key Highlights
- Four separate residential units in a 4,062‑square‑foot building
- Two units occupied and two vacant
- Nearby shopping, dining, public transportation, and major roadways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,782
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,640
$655.6K
Cap Rate 7%
$468,314
$468.3K
Cap Rate 9%
$364,244
$364.2K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$51.2K $12.60/SF
− Vacancy
−$4.4K −$1.07/SF
EGI
$46.8K $11.53/SF
− OpEx
−$14.0K −$3.46/SF
NOI
$32.8K $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%
$655,640
Cap Rate 7%
$468,314
Cap Rate 9%
$364,244
Alternative Uses
Best Use
Multifamily LT 5
$468.3K
$409.8K – $546.4K
NOI $32,782 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,403 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,079 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Quadplex - Two residences are occupied, while two are vacant and available for preparation.
Where is this quadplex located?
The property is located at 305 E Grove St Kingston, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four separate residential units in a 4,062‑square‑foot building; Two units occupied and two vacant; Nearby shopping, dining, public transportation, and major roadways
