Four-Unit Residential Income
440 Washington Avenue Jermyn, PA 18433
440 Washington Avenue, Jermyn, PA, 18433
$355,000
For Sale
$355,000
MULTI_FAMILY - Jermyn, PA
Property Size3,375 SF
Lot Size0.26 Acres
Price / SF$105.19
Days on Market359
Property Features for 440 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 2, Basement, Bedroom 1
- Parking features
- Off Street, Parking Lot
- Patio and Porch features
- Porch
- Basement
- Full, Concrete
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 0731608002000
- Size
- 3,375 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3863
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
- Water front features
- River Front
- Water front
- 1
Building Details
- Year built
- 1935
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Vinyl
Listing agency
SIX PM LLC
(570) 352-5162
Listed by
Jeremy J Watson · License #RM425357
(570) 352-5162
Added: Jul 29, 2025 Updated: Jul 2 at 1:48PM Checked: Jul 22 at 5:06PM
MLS# PW-252409
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale four-unit residential income property offers three 1-bedroom units and one 2-bedroom unit. The building is described as fully occupied and well maintained, with in-unit layouts supported by common-area improvements that add day-to-day convenience. Outside, tenants have access to a front porch, a rear deck, and a back porch, along with a large private parking lot. The basement includes washer/dryer hookups and dedicated storage space.
The property is located at 440 Washington Avenue in Jermyn, Pennsylvania, in Lackawanna County. The listing describes the building as being in the heart of Jermyn, supported by the presence of a private parking area and porch/deck features that help support tenant use.
For buyers seeking a small multifamily asset, this configuration provides a mix of unit sizes while remaining a straightforward four-unit operation. With washer/dryer hookups and storage in the basement, along with multiple exterior tenant spaces and private parking, the property is designed to support comfortable resident living. Current occupancy is specifically noted in the remarks, and the property is presented as a low-maintenance option for income-focused ownership.
The property is located at 440 Washington Avenue in Jermyn, Pennsylvania, in Lackawanna County. The listing describes the building as being in the heart of Jermyn, supported by the presence of a private parking area and porch/deck features that help support tenant use.
For buyers seeking a small multifamily asset, this configuration provides a mix of unit sizes while remaining a straightforward four-unit operation. With washer/dryer hookups and storage in the basement, along with multiple exterior tenant spaces and private parking, the property is designed to support comfortable resident living. Current occupancy is specifically noted in the remarks, and the property is presented as a low-maintenance option for income-focused ownership.
Key Highlights
- Fully occupied 4‑unit building: three 1‑bedroom units and one 2‑bedroom unit
- Waterfront setting with river frontage
- Large private parking lot plus off‑street parking
Local Financial Insights For Multifamily LT 5
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 | $42.5k | $12.60 |
| − Vacancy | −$2.8k | −$0.82 |
| EGI | $39.8k | $11.78 |
| − OpEx | −$11.9k | −$3.53 |
| NOI | $27.8k | $8.25 |
3,375 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.6K
$347.9K – $463.9K
NOI $27,833 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$856.6K
$749.6K – $999.4K
NOI $59,965 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied four-unit building with three 1-bedroom units and one 2-bedroom unit, plus shared outdoor and basement amenities.
Where is this quadplex located?
The property is located at 440 Washington Avenue Jermyn, PA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Fully occupied 4‑unit building: three 1‑bedroom units and one 2‑bedroom unit; Waterfront setting with river frontage; Large private parking lot plus off‑street parking
