10-Unit Multifamily
For Sale
$999,999
328 W Green Street, West Hazleton, PA 18202
MULTI_FAMILY - West Hazleton, PA
Property Size9,480 SF
Lot Size0.10 Acres
Price / SF$105.49
Days on Market36
Property Features for 328 W Green Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
18
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 1, Bedroom 17, Bathroom 4, Bathroom 7, Bathroom 9, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 13, Basement, Bathroom 8, Bedroom 12, Bathroom 2, Bedroom 15, Bathroom 3, Bedroom 10, Bedroom 3, Bedroom 16, Bathroom 10, Bathroom 6, Bedroom 9, Bedroom 8, Bathroom 5, Bedroom 18, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 14, Bedroom 1
Parking features
On Street
Exterior features
Vinyl
Basement
Unfinished
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
9,480 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4237
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Roof type
Shingle, Rubber
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: Jul 25
Last Checked: Aug 13 at 4:06AM
MLS# 26-1476
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.
The offering is a 10-unit multifamily apartment building designed as well-laid-out rental units. The property totals 9,480 square feet and sits on a 0.1038-acre lot, with a Multi-Family zoning designation consistent with residential income use.
Located at 328 W Green Street in West Hazleton, Pennsylvania (Luzerne County), the property is described as convenient to major highways, public transportation, shopping centers, and local employers, supporting everyday tenant accessibility.
For investors or owner-operators looking to purchase a small-to-mid size multifamily asset, this property provides a straightforward 10-unit configuration within a multi-family zoning framework. It may appeal to buyers seeking a manageable scale of residential units under one ownership while underwriting a rental housing strategy in West Hazleton.
Located at 328 W Green Street in West Hazleton, Pennsylvania (Luzerne County), the property is described as convenient to major highways, public transportation, shopping centers, and local employers, supporting everyday tenant accessibility.
For investors or owner-operators looking to purchase a small-to-mid size multifamily asset, this property provides a straightforward 10-unit configuration within a multi-family zoning framework. It may appeal to buyers seeking a manageable scale of residential units under one ownership while underwriting a rental housing strategy in West Hazleton.
Key Highlights
- 10‑unit multifamily property in West Hazleton
- Vinyl exterior
- Electric heating with baseboard units
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
$70,956
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
7.10%
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%
$1,419,120
$1.4M
Cap Rate 7%
$1,013,657
$1.0M
Cap Rate 9%
$788,400
$788.4K
Market Conditions
NOI Build-Up for 9,480 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
$139.9K $14.76/SF
− Vacancy
−$10.9K −$1.15/SF
EGI
$129.0K $13.61/SF
− OpEx
−$58.1K −$6.12/SF
NOI
$71.0K $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%
$1,419,120
Cap Rate 7%
$1,013,657
Cap Rate 9%
$788,400
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$887.0K – $1.18M
NOI $70,956 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,228 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Turnkey business
Opportunity
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 - Ten-unit apartment building for sale, zoned for multi-family use in West Hazleton.
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; Vinyl exterior; Electric heating with baseboard units
