Three-Unit Multifamily
For Sale
$309,900
598 Main Street, Edwardsville, PA 18704
MULTI_FAMILY - Edwardsville, PA
Property Size3,800 SF
Lot Size0.57 Acres
Price / SF$81.55
Days on Market49
Property Features for 598 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Basement, Bedroom 8, Bedroom 2, Bedroom 9, Bedroom 11, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 10, Bedroom 3, Bedroom 7
Exterior features
Vinyl
Basement
Dirt Floor, Concrete, Crawl Space
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
From N Main St, take the right onto Union St. Home is on the left.
Subdivision
Kingston Surrounds
Standard status
Active
APN
18-G9S2-011-019-000
Size
3,800 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
personal items
Tax Annual Amount
3800
Legal Description
personal items
Utilities
Heating system
Baseboard, Steam, Electric (Heating)
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate, Kingston · Keller Williams Realty
(570) 585-5800
Listed By:
Michael Nastasiak · License #RS362481
(570) 406-0572
Added: Jul 7
Changed: Jul 29
Last Checked: Aug 24 at 3:06AM
MLS# 26-712
Copyright © 2026 Luzerne County Association of REALTORS®. 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 three-unit multifamily property includes one studio unit and two additional units with four bedrooms and one bathroom each. A storefront space is located on the property and is described as available to be rented once fixed up. The property also features a fenced backyard.
The listing notes the property is currently occupied. Monthly rental income is reported as $3,325 plus store rent.
The property is for sale and identified as a multi-family asset under Multi-Family zoning.
The listing notes the property is currently occupied. Monthly rental income is reported as $3,325 plus store rent.
The property is for sale and identified as a multi-family asset under Multi-Family zoning.
Key Highlights
- 3‑unit property: 1 studio unit plus two units with 4 bedrooms and 1 bathroom each
- Storefront below can be rented out once fixed up
- Property is currently occupied, with monthly rental income of $3,325 plus store rent
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
$28,442
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
9.18%
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%
$568,840
$568.8K
Cap Rate 7%
$406,314
$406.3K
Cap Rate 9%
$316,022
$316.0K
Market Conditions
NOI Build-Up for 3,800 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
$56.1K $14.76/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$51.7K $13.61/SF
− OpEx
−$23.3K −$6.12/SF
NOI
$28.4K $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 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%
$568,840
Cap Rate 7%
$406,314
Cap Rate 9%
$316,022
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.3K – $511.1K
NOI $30,667 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$406.3K
$355.5K – $474.0K
NOI $28,442 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,269 @ 7.0% cap · market cap 27.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily with a storefront and fenced backyard, currently tenant-occupied.
Where is this triplex located?
The property is located at 598 Main Street Edwardsville, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 3‑unit property: 1 studio unit plus two units with 4 bedrooms and 1 bathroom each; Storefront below can be rented out once fixed up; Property is currently occupied, with monthly rental income of $3,325 plus store rent
