Multi-Unit Apartment
For Sale
$849,900
533-535 Grant St, Hazleton, PA 18201
Seven rental units across two buildings, with varied layouts, storage space, and a private yard.
Property Size5,350 SF
Price / SF$158.86
Days on Market78
Property Features for 533-535 Grant St
General Information
Standard status
Active
Size
5,350 SF
Property subtype
Multi-Family
Listing Agency:
Action Real Estate
Listed By:
Nelsy Dorvilles · License #RSR000929
(646) 270-2611
Source:
Nepahousehunt
Added: Aug 2
Changed: Oct 1
Last Checked: Oct 16 at 9:31AM
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 Action Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property includes two separate buildings conveyed under one deed at 533-535 Grant St and 534-536 Clinton Ct. The front structure contains two two-story half-double residences, each configured with three bedrooms. The rear structure adds five apartments: three with two bedrooms, one with three bedrooms, and one with a single bedroom. A storage room and private yard provide additional functional space for the property.
The seven-unit configuration offers a mix of apartment layouts within the same ownership. The address is in Hazleton, Pennsylvania, and the property is offered for sale.
The seven-unit configuration offers a mix of apartment layouts within the same ownership. The address is in Hazleton, Pennsylvania, and the property is offered for sale.
Key Highlights
- Seven rental units across two buildings
- Front building has two two‑story, three‑bedroom half‑double units
- Rear building includes three 2‑bedroom, one 3‑bedroom, and one 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,044
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,880
$800.9K
Cap Rate 7%
$572,057
$572.1K
Cap Rate 9%
$444,933
$444.9K
Market Conditions
NOI Build-Up for 5,350 SF
Gross rent
$79.0K $14.76/SF
− Vacancy
−$6.2K −$1.15/SF
EGI
$72.8K $13.61/SF
− OpEx
−$32.8K −$6.12/SF
NOI
$40.0K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,880
Cap Rate 7%
$572,057
Cap Rate 9%
$444,933
Alternative Uses
Best Use
Apartment 5plus
$572.1K
$500.6K – $667.4K
NOI $40,044 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,642 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven rental units across two buildings, with varied layouts, storage space, and a private yard.
Where is this apartment building located?
The property is located at 533-535 Grant St Hazleton, PA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Seven rental units across two buildings; Front building has two two‑story, three‑bedroom half‑double units; Rear building includes three 2‑bedroom, one 3‑bedroom, and one 1‑bedroom unit
