Pottsville Three-Unit Building For
For Sale
$274,900
701 W MARKET ST, Pottsville, PA 17901
Three-unit building with commercial space and two apartments.
Property Size4,000 SF
Price / SF$68.73
Days on Market223
Property Features for 701 W MARKET ST
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Source:
Davidyungmann.myrealestateplatform
Added: Mar 26
Changed: Oct 26
Last Checked: Nov 1 at 5:25AM
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 Ramus Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property in Pottsville features a three-unit building. The front unit is a multi-room commercial space with one bathroom. The rear of the building contains two apartments. One apartment has three bedrooms and one bathroom, while the other has two bedrooms and one bathroom. The building uses gas heat. Two of the three units are tenant-occupied. The property is being sold as-is and is suitable for cash sales.
Key Highlights
- Three‑unit building offering diverse income potential (commercial and residential).
- Two residential units are currently tenant‑occupied, providing immediate rental income.
- Includes a commercial unit, suitable for various business ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,562
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$36.0K $9.00/SF
− Vacancy
−$2.3K −$0.59/SF
EGI
$33.7K $8.42/SF
− OpEx
−$10.1K −$2.52/SF
NOI
$23.6K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$600.0K
$525.0K – $700.0K
NOI $42,000 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
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Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Check the figures for this property
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?
Triplex - Three-unit building with commercial space and two apartments.
Where is this triplex located?
The property is located at 701 W MARKET ST 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: Three‑unit building offering diverse income potential (commercial and residential).; Two residential units are currently tenant‑occupied, providing immediate rental income.; Includes a commercial unit, suitable for various business ventures.
