Mixed-Use Property with
For Sale
$174,900
327 Chestnut Street, Dunmore, PA 18512
Upper-level residential space complements a flexible lower-level commercial area in a two-story configuration.
Property Size1,400 SF
Days on Market55
Property Features for 327 Chestnut Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Liquor License
No
Taxes and HOA fees
Annual Taxes
$2,624
Building Details
Building Size
1,400 SF
Year Built
1940
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
Samuel R Scelta · License #RS321374
(570) 351-7792
Source:
Luxehomesnepa
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 3:39PM
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 C21 Jack Ruddy Real Estate
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Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property combines a two-bedroom apartment on the upper level with a commercial area below. The upstairs residence is available for rental use, while the lower level was most recently used as a bar and may accommodate a small business or conversion to another apartment, subject to applicable approvals.
Dunmore Borough representatives indicate that various light-traffic commercial uses may be permitted. A liquor license is not included, and a bar, restaurant, or other use requiring substantial parking may require special-exception approval. Buyers should confirm proposed uses with Dunmore Borough before proceeding. The property is located at 327 Chestnut Street in Dunmore, Pennsylvania.
Dunmore Borough representatives indicate that various light-traffic commercial uses may be permitted. A liquor license is not included, and a bar, restaurant, or other use requiring substantial parking may require special-exception approval. Buyers should confirm proposed uses with Dunmore Borough before proceeding. The property is located at 327 Chestnut Street in Dunmore, Pennsylvania.
Key Highlights
- Two‑bedroom apartment on the upper level
- Lower level was most recently used as a bar
- Potential for a small business or additional apartment, subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,175
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,500
$283.5K
Cap Rate 7%
$202,500
$202.5K
Cap Rate 9%
$157,500
$157.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.5K −$1.80/SF
EGI
$22.7K $16.20/SF
− OpEx
−$8.5K −$6.07/SF
NOI
$14.2K $10.13/SF
Area
Lackawanna County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,500
Cap Rate 7%
$202,500
Cap Rate 9%
$157,500
Alternative Uses
Best Use
Mixed Use
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$154.2K
$134.9K – $179.9K
NOI $10,793 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$355.3K
$310.9K – $414.6K
NOI $24,874 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
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Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level residential space complements a flexible lower-level commercial area in a two-story configuration.
Where is this mixed-use property located?
The property is located at 327 Chestnut Street Dunmore, PA.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑bedroom apartment on the upper level; Lower level was most recently used as a bar; Potential for a small business or additional apartment, subject to approvals
