535 Chestnut Street, Dunmore, PA 18512
MULTI_FAMILY - Dunmore, PA
- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 7:06 am
Property Features for 535 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 10, Bathroom 2, Bathroom 3, Basement, Bedroom 3, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 1
- Parking
- 6
- Basement
- Full
- Standard status
- Active
- APN
- 14620020001
- Size
- 4,962 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5182
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 4
Listing agent Christian Saunders License #RM424906 (570) 947-3292
Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA (800) 372-4222
Listing date Jun 24, 2026
Copyright © 2026 Greater Scranton Board 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.
HighLights
- Multi‑building package with 4 total units: a three‑unit apartment building and a separate single‑family ranch home
- Three‑unit apartment at 535 Chestnut Street; each unit has separate electric service
- Landlord currently pays heat and water/sewer for the three‑unit apartment building
- Separate single‑family ranch at 103 Somers Street with its own utilities and built‑in garage beneath
- Year built: 1940; includes basement
- Landlord has long‑term tenants providing stable occupancy
Overview
The property is situated on a corner setting at Chestnut Street and Somers Street in Dunmore, PA. The listing notes convenient proximity to local amenities, shopping, and major transportation routes.
The existing unit mix and utility arrangements may appeal to investors looking for an established residential income package with multiple configurations under one ownership. The property is reported to be occupied by long-term tenants, supporting continuity of occupancy. With both a multi-unit structure and an attached separate single-family home within the offering, this setup can also suit buyers seeking to diversify unit type while maintaining a single management point of focus.
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 | $62.5k | $12.60 |
| − Vacancy | −$4.1k | −$0.82 |
| EGI | $58.5k | $11.78 |
| − OpEx | −$17.5k | −$3.53 |
| NOI | $40.9k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Dunmore
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.627829
- Latitude
- 41.41379
