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    Three-Unit Mixed-Use Building Title is generated by Realmo AI

    701 W MARKET Street, Pottsville, PA 17901

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    For Sale
    $274,900

    MULTI_FAMILY - POTTSVILLE, PA

    Property size:
    4,000 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $68/SF
    Added:
    Sep 17, 2024
    Days on Market:
    627
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 701 W MARKET Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, On Street, Parking Lot
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1841

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1900
    Number of units
    3

    We can help!

    Listing Contact
    William Primeau
    William Primeau

    Listing agent William Primeau License #RS337743

    Listing office Ramus Realty Group 35 Sillyman Street, Pottsville, PA

    Listing date Sep 17, 2024

    MLS# PASK2017660 Listing URL

    Copyright © 2026 Bright 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

    • 3‑unit building in Pottsville with a front commercial space and two rear apartments
    • Front: multi‑room, 1‑bath commercial area
    • Rear apartments include a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit
    • Both gas and electric heat
    • 2 of 3 units are tenant occupied
    • Sold as‑is; cash sales only

    Overview

    This is a three-unit mixed-use building designed with both commercial and residential space. The front portion is set up as a multi-room commercial area with one bathroom. In the rear, there are two apartments: one unit features three bedrooms and one bathroom, and the other offers two bedrooms and one bathroom. The building is equipped with both gas and electric heat. Two of the three units are currently tenant occupied. The property is being sold as-is.

    Located at 701 W Market Street in Pottsville, Pennsylvania, the building sits on an approximately 0.08-acre lot. It is offered for sale in Schuylkill County.

    For buyers or operators seeking a small multi-unit property with an on-site commercial component, this configuration can support a mixed tenant mix across the front commercial space and the two rear residential units. With two units already tenant occupied at the time of sale, the building may provide immediate occupancy in part of the structure. Please note that the listing specifies cash sales only. Prospective purchasers should plan their due diligence with the as-is condition in mind.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pottsville
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.20045
    Latitude
    40.68324

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    FAQs

    What type of property is this?
    Triplex - Front commercial room suite plus two apartments, with gas and electric heat; two units currently tenant occupied.
    Where is this triplex located?
    The property is located at 701 W MARKET Street Pottsville, PA.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: 3‑unit building in Pottsville with a front commercial space and two rear apartments; Front: multi‑room, 1‑bath commercial area; Rear apartments include a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit
    (570) 728-0186
    We can help!
    Listing Contact
    William Primeau
    William Primeau
    Real Estate License ID: RS337743
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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