Renovated Four-Unit Apartment
For Sale
$500,000
400 Pine St, Tamaqua, PA 18252
Fully occupied property offers varied bedroom layouts and resident-controlled electric heat.
Property Size4,332 SF
Price / SF$115.42
Days on Market19
Property Features for 400 Pine St
General Information
Standard status
Active
Size
4,332 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$50,240
Financials
Asking Price
$500,000
Cap Rate
10.05%
Gross Income
$63,600
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,260
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
(484) 895-9005
Source:
Exprealty
Added: Aug 5
Changed: Aug 20
Last Checked: Aug 23 at 6:51AM
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 Steel City Realty
Investment Insights
Based on property information with market context.
This renovated quadplex contains 4,332 square feet across four residences: one 3BR/1BA unit with a bonus room, attached garage, and washer/dryer, plus two 2BR/1BA apartments and one 1BR/1BA apartment. The interiors feature updated kitchens, LVP flooring, fresh paint, lighting, outlets, GFCIs, and appliances. Exterior and building work includes siding, gutters, downspouts, vinyl windows, chimney repairs, plumbing-stack work, and common-area improvements.
All four units are occupied under signed leases. Newer electric baseboard systems allow residents to control and pay for their own unit heat and electric, while public water and sewer support straightforward operations. The property is located near downtown Tamaqua, shopping, parks, and local amenities. Financial records, leases, and improvement documentation are available to qualified buyers.
All four units are occupied under signed leases. Newer electric baseboard systems allow residents to control and pay for their own unit heat and electric, while public water and sewer support straightforward operations. The property is located near downtown Tamaqua, shopping, parks, and local amenities. Financial records, leases, and improvement documentation are available to qualified buyers.
Key Highlights
- Four‑unit quadplex with 100% occupancy
- Unit mix includes one 3BR/1BA, two 2BR/1BA, and one 1BR/1BA residence
- 3BR/1BA unit includes a bonus room, attached garage, and washer/dryer
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
$25,518
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
5.10%
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%
$510,360
$510.4K
Cap Rate 7%
$364,543
$364.5K
Cap Rate 9%
$283,533
$283.5K
Market Conditions
NOI Build-Up for 4,332 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
$39.0K $9.00/SF
− Vacancy
−$2.5K −$0.59/SF
EGI
$36.5K $8.42/SF
− OpEx
−$10.9K −$2.52/SF
NOI
$25.5K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$510,360
Cap Rate 7%
$364,543
Cap Rate 9%
$283,533
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$338.6K
$296.3K – $395.0K
NOI $23,701 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$649.8K
$568.6K – $758.1K
NOI $45,486 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 18252, PA
11,016
Population
5,152
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
90%
High-School Grad
68.0 sq mi
ZIP Area
162
Density / Sq Mi
$61,020
Median Household Income
$37,835
Median Earnings
$922
Median Rent
$153,000
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?
Quadplex - Fully occupied property offers varied bedroom layouts and resident-controlled electric heat.
Where is this quadplex located?
The property is located at 400 Pine St Tamaqua, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑unit quadplex with 100% occupancy; Unit mix includes one 3BR/1BA, two 2BR/1BA, and one 1BR/1BA residence; 3BR/1BA unit includes a bonus room, attached garage, and washer/dryer
