4-Unit Quadplex with Covered
638 N James St, Hazleton, PA 18201
For Sale
New
$409,900
Separate gas, electric, and water meters serve a mix of one- and two-bedroom apartments.
Property Size3,978 SF
Price / SF$103.04
Days on Market7
Property Features for 638 N James St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
covered porch
Building Details
Buildings
Listing Agency:
Lewith & Freeman, Drums
(570) 501-7575
Listed By:
Eric Grenkevich
(570) 233-0083
Source:
Exprealty
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 8 at 4:51PM
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 Lewith & Freeman, Drums
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Investment Insights
Based on property information with market context.
This 3,978-square-foot quadplex contains four apartments: two one-bedroom units on the lower level and two two-bedroom units above. Each apartment has a covered porch at the rear, and the building has a newer roof. The property is fully rented.
Separate meters serve gas, electric, and water. The owner pays water and sewer costs; tenants cover the other utilities. A rear parking area provides two off-street spaces for each apartment, for eight spaces total.
Separate meters serve gas, electric, and water. The owner pays water and sewer costs; tenants cover the other utilities. A rear parking area provides two off-street spaces for each apartment, for eight spaces total.
Key Highlights
- Four apartments: two 1 BR units below and two 2 BR units above
- 3,978 square feet; fully rented
- Each unit has a covered rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,104
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,080
$642.1K
Cap Rate 7%
$458,629
$458.6K
Cap Rate 9%
$356,711
$356.7K
Market Conditions
NOI Build-Up for 3,978 SF
Gross rent
$50.1K $12.60/SF
− Vacancy
−$4.3K −$1.07/SF
EGI
$45.9K $11.53/SF
− OpEx
−$13.8K −$3.46/SF
NOI
$32.1K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,080
Cap Rate 7%
$458,629
Cap Rate 9%
$356,711
Alternative Uses
Best Use
Multifamily LT 5
$458.6K
$401.3K – $535.1K
NOI $32,104 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,775 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,216 @ 7.0% cap · market cap 21.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,213
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas, electric, and water meters serve a mix of one- and two-bedroom apartments.
Where is this quadplex located?
The property is located at 638 N James St Hazleton, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Four apartments: two 1 BR units below and two 2 BR units above; 3,978 square feet; fully rented; Each unit has a covered rear porch
