5-Unit Apartment Building with
For Sale
$529,900
343 Smith Street, 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$112.74
Days on Market136
Property Features for 343 Smith Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$2,965
Amenities
shared laundry room
Building Details
Building Size
5,500 SF
Year Built
1940
Listing Agency:
Christian Saunders Real Estate
Listed By:
Robert Connors · License #RS342012
(570) 614-3624
Source:
Luxehomesnepa
Added: Jun 17
Changed: Oct 28
Last Checked: Oct 28 at 4:58PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$36,234
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,680
$724.7K
Cap Rate 7%
$517,629
$517.6K
Cap Rate 9%
$402,600
$402.6K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$69.9K $14.88/SF
− Vacancy
−$4.1K −$0.86/SF
EGI
$65.9K $14.02/SF
− OpEx
−$29.6K −$6.31/SF
NOI
$36.2K $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%
$724,680
Cap Rate 7%
$517,629
Cap Rate 9%
$402,600
Alternative Uses
Best Use
Apartment 5plus
$517.6K
$452.9K – $603.9K
NOI $36,234 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,506 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
Vacancy Rate% for Multifamily in Northeast region
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 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 building; Attached garage with on‑site and street parking; Separate electric service; owner pays water and gas
