Four-Unit
New
For Sale
$179,900
404 S CENTRE STREET, Pottsville, PA 17901
Historic four-unit residential property with separate electric heat and water heating for each unit.
Property Size2,670 SF
Price / SF$67.38
Days on Market2
Property Features for 404 S CENTRE STREET
General Information
Standard status
Active
Size
2,670 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
Saunders Real Estate
(570) 516-1177
Listed By:
Tracey Kreiser · License #AB068397
(570) 640-3199
Source:
Cummingsrealtors
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 1:55PM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This four-unit quadplex contains 2,670 square feet and was built in 1900. Each residence is equipped with electric heat and its own individual hot water heater, providing separate heating and hot-water systems across the property.
The property is located at 404 S Centre Street in Pottsville, Pennsylvania. Its four-unit configuration supports a multifamily ownership profile with distinct residential units within one building.
The property is located at 404 S Centre Street in Pottsville, Pennsylvania. Its four-unit configuration supports a multifamily ownership profile with distinct residential units within one building.
Key Highlights
- Four‑unit quadplex configuration
- 2,670 square feet of building area
- Built in 1900
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
$15,728
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
8.74%
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%
$314,560
$314.6K
Cap Rate 7%
$224,686
$224.7K
Cap Rate 9%
$174,756
$174.8K
Market Conditions
NOI Build-Up for 2,670 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
$24.0K $9.00/SF
− Vacancy
−$1.6K −$0.59/SF
EGI
$22.5K $8.42/SF
− OpEx
−$6.7K −$2.52/SF
NOI
$15.7K $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%
$314,560
Cap Rate 7%
$224,686
Cap Rate 9%
$174,756
Alternative Uses
Best Use
Multifamily LT 5
$224.7K
$196.6K – $262.1K
NOI $15,728 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,608 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$400.5K
$350.4K – $467.3K
NOI $28,035 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Historic four-unit residential property with separate electric heat and water heating for each unit.
Where is this quadplex located?
The property is located at 404 S CENTRE STREET Pottsville, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 2,670 square feet of building area; Built in 1900
