Mixed-Use Triplex With Commercial
For Sale
$274,900
701 W MARKET Street, Pottsville, PA 17901
Multi-Family, POTTSVILLE, PA
Property Size4,000 SF
Lot Size0.08 Acres
Price / SF$68.73
Days on Market712
Property Features for 701 W MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Off Street, Parking Lot
Elementary school district
POTTSVILLE AREA
Middle school district
POTTSVILLE AREA
High school district
POTTSVILLE AREA
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
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Added: Sep 17, 2024
Changed: Aug 19
Last Checked: Aug 29 at 11:06AM
MLS# PASK2017660
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.
Investment Insights
Based on property information with market context.
This 4,000-square-foot mixed-use triplex was built in 1900 and contains three separate units. The front portion is configured as a multi-room commercial space with one bathroom. Two rear apartments provide residential layouts of three bedrooms and one bathroom, and two bedrooms and one bathroom, respectively.
Two of the three units are tenant occupied. Heating is provided through both gas and electric systems. The property sits on a 0.08-acre lot in Pottsville, Pennsylvania, with on-street, off-street, and parking-lot options. The sale is offered as-is and limited to cash transactions.
Two of the three units are tenant occupied. Heating is provided through both gas and electric systems. The property sits on a 0.08-acre lot in Pottsville, Pennsylvania, with on-street, off-street, and parking-lot options. The sale is offered as-is and limited to cash transactions.
Key Highlights
- 4,000‑square‑foot mixed‑use building with three units
- Front commercial unit includes multiple rooms and 1 bathroom
- Rear apartments offer 3 bedrooms/1 bath and 2 bedrooms/1 bath
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
$23,562
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
8.57%
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%
$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
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
$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 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%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Mixed Use
$394.3K
$345.0K – $460.0K
NOI $27,600 @ 7.0% cap · market cap 10.04%
Second Best
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 8.57%
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
66.7%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
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
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?
Mixed-use property - Three-unit property combining a commercial space with two residential apartments and multiple heating systems.
Where is this mixed-use property 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: 4,000‑square‑foot mixed‑use building with three units; Front commercial unit includes multiple rooms and 1 bathroom; Rear apartments offer 3 bedrooms/1 bath and 2 bedrooms/1 bath
