5-Unit Apartment Building with
For Sale
$564,900
343 Smith St, Dunmore, PA 18512
Five-unit property with an attached garage, on-site and street parking, and a mix of shared and private laundry facilities.
Property Size5,500 SF
Price / SF$102.71
Days on Market40
Property Features for 343 Smith St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Amenities
shared laundry room
Listing Agency:
Christian Saunders Real Estate
(570) 614-3624
Listed By:
Robert Connors · License #RS342012
(570) 614-3624
Source:
Exprealty
Added: Jun 22
Changed: Jul 31
Last Checked: Jul 31 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
This five-unit apartment building includes an attached garage, on-site parking, and additional street parking. The property features a shared laundry room serving two units, while the remaining units have their own laundry facilities.
Electric service is separate, while the owner pays water and gas. Three units use electric baseboard heat. The main roof is about 5 years old, adding a relatively recent improvement to the property’s physical profile.
Electric service is separate, while the owner pays water and gas. Three units use electric baseboard heat. The main roof is about 5 years old, adding a relatively recent improvement to the property’s physical profile.
Key Highlights
- Five‑unit apartment building
- Attached garage with on‑site and street parking
- Separate electric service; owner pays water and gas
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
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
NOI $97,720 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property with an attached garage, on-site and street parking, and a mix of shared and private laundry facilities.
Where is this apartment building located?
The property is located at 343 Smith St 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: Five‑unit apartment building; Attached garage with on‑site and street parking; Separate electric service; owner pays water and gas
