Building Details

Year Built 1880

Listing Agency: Coldwell Banker Town & Country Properties Moscow

Listed By: Heather Kishel Team · License #RS279133 Show Phone

Source: Revolvepa

Added: Jul 4 Changed: Oct 10 Last Checked: Oct 6 at 12:49AM

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Investment Insights

Based on property information with market context.

This historic triplex contains three separate residential units within a 3,628-square-foot property dating to the 1800s. Original woodwork and architectural details remain, providing period character throughout the building. The multi-unit configuration supports separate occupancy arrangements and offers flexibility for residential income use, owner occupancy, or multigenerational living.

The property is situated on Main Street in the center of Gouldsboro, with access to local amenities and major routes. Its historic construction, three-unit layout, and preserved interior details create a distinctive residential asset with potential for restoration and continued income-producing use.

Key Highlights

• Three separate residential units
• 3,628 square feet of building area
• Historic property dating to the 1800s

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,465

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$789,300 $789.3K

Cap Rate 7%

$563,786 $563.8K

Cap Rate 9%

$438,500 $438.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,628 SF

Gross rent

$61.0K $16.80/SF

− Vacancy

−$4.6K −$1.26/SF

EGI

$56.4K $15.54/SF

− OpEx

−$16.9K −$4.66/SF

NOI

$39.5K $10.88/SF

Area

Wayne County, PA

Vacancy

7.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$789,300

Cap Rate 7%

$563,786

Cap Rate 9%

$438,500

Alternative Uses

Best Use

Multifamily LT 5

$563.8K

$493.3K – $657.8K (±1% cap)

NOI $39,465 @ 7.0% cap · market cap 8.60%

Second Best

Apartment 5plus

$488.3K

$427.3K – $569.7K (±1% cap)

NOI $34,182 @ 7.0% cap · market cap 7.45%

Theoretical Best

Office A

$884.7K

$774.1K – $1.03M (±1% cap)

NOI $61,926 @ 7.0% cap · market cap 13.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Gym & Fitness Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Explore this area Business Placement

Demographics for 18424, PA

5,598

Population

4,031

Households

1.4

Avg Household Size

49

Median Age

22%

College-Educated

93%

High-School Grad

81.2 sq mi

ZIP Area

69

Density / Sq Mi

$62,192

Median Household Income

$37,167

Median Earnings

$994

Median Rent

$191,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Original woodwork and architectural details remain throughout this multi-unit property.

Where is this triplex located?

The property is located at 531 Main St Gouldsboro, PA.

What is the asking price?

The asking price for this property is $459,000.

What are key features of this property?

This property features: Three separate residential units; 3,628 square feet of building area; Historic property dating to the 1800s