Listing Agency: Classic Properties - Mountaintop · Century 21 Real Estate c***@epix.net Show Phone

Listed By: Alfred Clemonts · License #RS270363 Show Phone

Added: Jul 9 Changed: Sep 23 Last Checked: Sep 27 at 2:06AM

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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.

This 8,736-square-foot apartment building contains 10 residential units and 10 bathrooms. The property is designated Multi-Family and is positioned as a residential income asset in West Hazleton, Pennsylvania.

Located at 328 W Green Street, the property is near major highways, public transportation, shopping centers, and local employers. Its unit count and multifamily zoning provide a clearly defined apartment-building configuration within the West Hazleton market.

Key Highlights

• 10‑unit apartment building
• 8,736 square feet of property area
• 10 bathrooms identified in the property record

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 (±1% cap)

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 (±1% cap)

NOI $193,730 @ 7.0% cap · market cap 19.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center Locksmith Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

324

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - The property offers multifamily zoning, ten residential units, and access to nearby transportation, shopping, and employers.

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 apartment building; 8,736 square feet of property area; 10 bathrooms identified in the property record