10-Unit Multifamily Investment
For Sale
$999,999
328 W Green Street, West Hazleton, PA 18202
COMMERCIAL - West Hazleton, PA
Property Size8,736 SF
Price / SF$114.47
Days on Market35
Property Features for 328 W Green Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi-Family
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 8, Bathroom 3, Bathroom 6, Bathroom 10, Bathroom 4, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 9
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
N. Church Street to Right onto W. 15th Street, Left on W. Broad, Right on Winters Ave, Right on Hagelgans Street then Right onto W. Green Street. Building on the Right
Subdivision
Hazleton Area
Standard status
Active
APN
T7SE1003004
Size
8,736 SF
Taxes and HOA fees
Tax Annual Amount
4237
Listing Agency:
Classic Properties - Mountaintop · Century 21 Real Estate
(570) 474-6307
Listed By:
Alfred Clemonts · License #RS270363
(570) 371-9381
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 12 at 10:06PM
MLS# 26-1492
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.
Investment Insights
Based on property information with market context.
For sale is a 10-unit multifamily property located at 328 W Green Street in West Hazleton, Pennsylvania (Luzerne County). The listing indicates the building contains well-laid-out units and presents as an income-producing asset. The property is sized at 8,736 square feet and is described under Multi-Family zoning.
According to the listing remarks, the property is conveniently located near major highways, public transportation, shopping centers, and local employers, supporting day-to-day tenant access to surrounding services.
This offering is presented as an investment opportunity, with the listing stating it offers the benefit of immediate cash flow.
According to the listing remarks, the property is conveniently located near major highways, public transportation, shopping centers, and local employers, supporting day-to-day tenant access to surrounding services.
This offering is presented as an investment opportunity, with the listing stating it offers the benefit of immediate cash flow.
Key Highlights
- 10‑unit multifamily property in West Hazleton
- Property includes Bathroom 1 through Bathroom 10
- Conveniently located near major highways, public transportation, shopping centers, and local employers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,387
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,307,740
$1.3M
Cap Rate 7%
$934,100
$934.1K
Cap Rate 9%
$726,522
$726.5K
Market Conditions
NOI Build-Up for 8,736 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.9K $14.76/SF
− Vacancy
−$10.1K −$1.15/SF
EGI
$118.9K $13.61/SF
− OpEx
−$53.5K −$6.12/SF
NOI
$65.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,307,740
Cap Rate 7%
$934,100
Cap Rate 9%
$726,522
Alternative Uses
Best Use
Apartment 5plus
$934.1K
$817.3K – $1.09M
NOI $65,387 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,730 @ 7.0% cap · market cap 19.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - For sale at 328 W Green Street: a 10-unit multifamily building under Multi-Family zoning.
Where is this apartment building located?
The property is located at 328 W Green Street West Hazleton, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 10‑unit multifamily property in West Hazleton; Property includes Bathroom 1 through Bathroom 10; Conveniently located near major highways, public transportation, shopping centers, and local employers
