5-Unit Apartment
New
For Sale
$489,900
317 W Shawnee Avenue, Plymouth, PA 18651
All apartments are updated and occupied, with ownership covering taxes, insurance, and water.
Property Size3,808 SF
Days on Market4
Property Features for 317 W Shawnee Avenue
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Multi Family
Occupancy
100%
Net Operating Income
$50,326
Financials
Cap Rate
10.27%
Gross Income
$60,720
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,277
Building Details
Building Size
3,808 SF
Year Built
1904
Listing Agency:
Avanti Real Estate Group
Listed By:
Aly Diaz
(267) 819-7536
Source:
Luxehomesnepa
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:38AM
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 Avanti Real Estate Group
Investment Insights
Based on property information with market context.
This 5-unit apartment property was built in 1904 and has undergone updates in every unit. A new roof is also in place. All five apartments are occupied, and ownership pays the property taxes, insurance, and water expenses.
In-place rents support a 10.27% cap rate, with reported NOI of $50,326.
In-place rents support a 10.27% cap rate, with reported NOI of $50,326.
Key Highlights
- Five apartments, all occupied
- Updates completed in every unit
- New roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,502
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,040
$570.0K
Cap Rate 7%
$407,171
$407.2K
Cap Rate 9%
$316,689
$316.7K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$56.2K $14.76/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$51.8K $13.61/SF
− OpEx
−$23.3K −$6.12/SF
NOI
$28.5K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,040
Cap Rate 7%
$407,171
Cap Rate 9%
$316,689
Alternative Uses
Best Use
Apartment 5plus
$407.2K
$356.3K – $475.0K
NOI $28,502 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,446 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 18651, PA
8,723
Population
4,586
Households
1.9
Avg Household Size
41
Median Age
11%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
727
Density / Sq Mi
$43,639
Median Household Income
$34,673
Median Earnings
$930
Median Rent
$90,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are updated and occupied, with ownership covering taxes, insurance, and water.
Where is this apartment building located?
The property is located at 317 W Shawnee Avenue Plymouth, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Five apartments, all occupied; Updates completed in every unit; New roof installed
