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    Five-Unit Multifamily with Attached Garage Title is generated by Realmo AI

    343 Smith Street, Dunmore, PA 18512

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    For Sale
    $564,900

    MULTI_FAMILY - Other - Dunmore, PA

    Property size:
    5,500 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $102/SF
    Added:
    Jun 17, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 26 at 10:06 am

    Property Features for 343 Smith Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C
    Bedrooms
    11
    Bathrooms
    5
    Rooms
    Bedroom 4, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 11, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 3, Bathroom 1, Bedroom 10, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2
    Parking features
    Alley, On Street, Off Street
    Appliances
    Dishwasher, Washer, Refrigerator, Electric Oven, Dryer
    Standard status
    Active
    APN
    14616060058
    Size
    5,500 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    73X91x71x89 Bldg & Land W-02 B-0160 L-0020 P-00400 -Taxes for school unknown -MLS has 2025 school, 2026 county and muni
    Tax Annual Amount
    2965

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard, Varies by Unit (Heating), Electric (Heating)
    Cooling system
    Window Unit(s), Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Linoleum, Carpet, Tile, Combination
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Robert Connors

    Listing agent Robert Connors License #RS342012

    Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA

    Listing date Jun 17, 2026

    MLS# SC262944 Listing URL

    Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 5‑unit multi‑family with approx. 4,700+ SF total space
    • Year built: 1940; roof is stated to be about 5 years old
    • Separate electric‑only setup; heating varies by unit (natural gas, electric BB heat, baseboard)
    • Parking includes attached garage, on‑street, off‑street, and alley access
    • Public utilities: public water and public sewer
    • Appliances included: dishwasher, washer/dryer, and refrigerator (with electric oven noted)

    Overview

    This 5-unit multifamily property offers a practical income-building layout with an attached garage and both on-street and off-street parking. The building is described at approximately 5,500 square feet, with a main roof stated to be about 5 years old. Utilities are set up with separate electric for the units. Owner pays water and gas, while 3 units use electric baseboard heat.

    Located at 343 Smith Street in Dunmore, Pennsylvania within Lackawanna County, the property is positioned for straightforward day-to-day access with dedicated parking options alongside on-street availability.

    From a tenant and operator standpoint, the separate electric metering supports independent utility responsibility, and the split heating setup (including electric baseboard heat in 3 units) can simplify management. Laundry is shared for 2 of the units, while the other units have their own laundry. The overall configuration makes this an efficient option for an owner seeking a small multifamily asset with clear unit-level utility separation and workable in-building laundry arrangements.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $81.8k $14.88
    − Vacancy −$4.7k −$0.86
    EGI $77.1k $14.02
    − OpEx −$34.7k −$6.31
    NOI $42.4k $7.71
    5,500 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $605.7K
    $530.0K – $706.7K (±1% cap)
    NOI $42,401 @ 7.0% cap · market cap 7.51%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,720 @ 7.0% cap · market cap 17.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunmore
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.624092
    Latitude
    41.414751

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily with attached garage, separate electric metering, and parking on-street and off-street.
    Where is this apartment building located?
    The property is located at 343 Smith Street Dunmore, PA.
    What is the asking price?
    The asking price for this property is $564,900.
    What are key features of this property?
    This property features: Approx. 5‑unit multi‑family with approx. 4,700+ SF total space; Year built: 1940; roof is stated to be about 5 years old; Separate electric‑only setup; heating varies by unit (natural gas, electric BB heat, baseboard)
    More about this property
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