Five-Unit Apartment Building with
343 Smith Street, Dunmore, PA 18512
For Sale
$529,900
Residential Income, Dunmore, PA
Property Size5,500 SF
Lot Size0.13 Acres
Price / SF$96.35
Days on Market147
Property Features for 343 Smith Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
shared laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Robert Connors · License PA RS342012
(570) 614-3624
Added: Jun 17
Changed: Oct 29
Last Checked: Nov 10 at 10:06PM
MLS# SC262944
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.
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Investment Insights
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This five-unit apartment building, constructed in 1940, includes an attached garage and a mix of on-street, off-street, and alley parking. Unit interiors feature carpet, linoleum, tile, and combination flooring, along with ceiling fans and window air-conditioning units. Appliances include refrigerators, electric ovens, dishwashers, washers, and dryers.
The property is served by public water and public sewer. Electrical service is separately metered, while the owner covers water and natural gas. Heating varies by unit, with natural gas baseboard systems and electric heat, including electric baseboard heat in three units. Two units share a laundry room, while the remaining units have individual laundry facilities. The main shingle roof is stated to be approximately 5 years old. The property is located in Dunmore, Pennsylvania, and carries C zoning.
The property is served by public water and public sewer. Electrical service is separately metered, while the owner covers water and natural gas. Heating varies by unit, with natural gas baseboard systems and electric heat, including electric baseboard heat in three units. Two units share a laundry room, while the remaining units have individual laundry facilities. The main shingle roof is stated to be approximately 5 years old. The property is located in Dunmore, Pennsylvania, and carries C zoning.
Key Highlights
- Five‑unit apartment property on a 0.13‑acre lot
- Attached garage plus on‑street, off‑street, and alley parking
- Main shingle roof stated to be approximately 5 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,401
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,020
$848.0K
Cap Rate 7%
$605,729
$605.7K
Cap Rate 9%
$471,122
$471.1K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$81.8K $14.88/SF
− Vacancy
−$4.7K −$0.86/SF
EGI
$77.1K $14.02/SF
− OpEx
−$34.7K −$6.31/SF
NOI
$42.4K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,020
Cap Rate 7%
$605,729
Cap Rate 9%
$471,122
Alternative Uses
Best Use
Apartment 5plus
$605.7K
$530.0K – $706.7K
NOI $42,401 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,720 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
873
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
$173,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lackawanna County, PA
Properties on Market for Apartment buildings in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with mixed heating, public utilities, and multiple parking options including alley access.
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 $529,900.
What are key features of this property?
This property features: Five‑unit apartment property on a 0.13‑acre lot; Attached garage plus on‑street, off‑street, and alley parking; Main shingle roof stated to be approximately 5 years old
