Ten-Unit Brick Apartment
For Sale
$2,050,000
3730 Lawrence Ave, Moosic, PA 18507
A well-maintained 10-unit brick building with off-street parking and basement coin-operated laundry.
Property Size14,076 SF
Price / SF$145.64
Days on Market165
Property Features for 3730 Lawrence Ave
General Information
Standard status
Active
Size
14,076 SF
Additional Details
Multifamily Units
10
Listing Agency:
Nisk Real Estate
(570) 591-6935
Listed By:
Anthony R. Kilker III
(570) 591-6935
Source:
Exprealty
Added: Feb 28
Changed: Jul 10
Last Checked: Aug 11 at 11:31AM
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 Nisk Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 10-unit brick apartment building features spacious units with functional layouts. Updated flooring is included in select units, and common areas are kept in good condition. The property also includes an on-site coin-operated laundry located in the basement, adding a supplemental amenity for residents.
Located at 3730 Lawrence Ave in Moosic, PA, the building offers off-street parking and attractive curb appeal. The overall construction is described as solid, supporting long-term usability of the multifamily improvements.
For investors or operators seeking a stabilized residential income property, this 10-unit asset provides a straightforward configuration with unit living plus an on-site laundry amenity. Current rents are presented as reflecting consistent occupancy, and the property may allow room to adjust rents depending on market conditions. The combination of maintained interiors, well-kept common areas, and practical resident services like basement laundry can support ongoing operational efficiency.
Located at 3730 Lawrence Ave in Moosic, PA, the building offers off-street parking and attractive curb appeal. The overall construction is described as solid, supporting long-term usability of the multifamily improvements.
For investors or operators seeking a stabilized residential income property, this 10-unit asset provides a straightforward configuration with unit living plus an on-site laundry amenity. Current rents are presented as reflecting consistent occupancy, and the property may allow room to adjust rents depending on market conditions. The combination of maintained interiors, well-kept common areas, and practical resident services like basement laundry can support ongoing operational efficiency.
Key Highlights
- Well‑maintained 10‑unit brick apartment building
- Off‑street parking available for residents
- Basement coin‑operated laundry adds additional income
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
$108,517
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
5.29%
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%
$2,170,340
$2.2M
Cap Rate 7%
$1,550,243
$1.6M
Cap Rate 9%
$1,205,744
$1.2M
Market Conditions
NOI Build-Up for 14,076 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
$209.5K $14.88/SF
− Vacancy
−$12.1K −$0.86/SF
EGI
$197.3K $14.02/SF
− OpEx
−$88.8K −$6.31/SF
NOI
$108.5K $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 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%
$2,170,340
Cap Rate 7%
$1,550,243
Cap Rate 9%
$1,205,744
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,517 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,092 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 18507, PA
4,968
Population
2,362
Households
2.1
Avg Household Size
49
Median Age
37%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
518
Density / Sq Mi
$73,958
Median Household Income
$50,221
Median Earnings
$1,284
Median Rent
$242,200
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 - A well-maintained 10-unit brick building with off-street parking and basement coin-operated laundry.
Where is this apartment building located?
The property is located at 3730 Lawrence Ave Moosic, PA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Well‑maintained 10‑unit brick apartment building; Off‑street parking available for residents; Basement coin‑operated laundry adds additional income
