Three-Unit Mixed-Use
New
For Sale
$319,900
704 Main Street, Moosic, PA 18507
A street-level business space is paired with two apartments offering different bedroom layouts.
Property Size3,368 SF
Days on Market7
Property Features for 704 Main Street
General Information
Standard status
Active
Size
3,368 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
This upper apartment will require the installation of a heat source.
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,111
Building Details
Building Size
3,368 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Christian Saunders Real Estate
Listed By:
Kyle Savage · License #RS340241
(570) 335-0730
Source:
Luxehomesnepa
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 3:43PM
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 Christian Saunders Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property contains a ground-floor storefront and two apartments. One apartment has three bedrooms and ductless air conditioning. The other includes two bedrooms, a kitchen, and a large living room; its heat source requires installation.
The building fronts Main Street in Moosic, a few blocks from Interstate 81, with nearby businesses, shops, and restaurants.
The building fronts Main Street in Moosic, a few blocks from Interstate 81, with nearby businesses, shops, and restaurants.
Key Highlights
- Three units: one commercial storefront and two apartments
- Apartment layouts include three bedrooms in one unit and two bedrooms in the other
- Ductless air conditioning in the three‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,965
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,300
$519.3K
Cap Rate 7%
$370,929
$370.9K
Cap Rate 9%
$288,500
$288.5K
Market Conditions
NOI Build-Up for 3,368 SF
Gross rent
$50.1K $14.88/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$47.2K $14.02/SF
− OpEx
−$21.2K −$6.31/SF
NOI
$26.0K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,300
Cap Rate 7%
$370,929
Cap Rate 9%
$288,500
Alternative Uses
Best Use
Mixed Use
$487.2K
$426.3K – $568.4K
NOI $34,101 @ 7.0% cap · market cap 10.66%
Second Best
Retail
$452.2K
$395.6K – $527.5K
NOI $31,651 @ 7.0% cap · market cap 9.89%
Theoretical Best
Office A
$854.9K
$748.0K – $997.3K
NOI $59,840 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 18507, PA
4,968
Population
2,362
Households
2.1
Avg Household Size
49
Median Age
37%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
518
Density / Sq Mi
$73,958
Median Household Income
$50,221
Median Earnings
$1,284
Median Rent
$242,200
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?
Mixed-use property - A street-level business space is paired with two apartments offering different bedroom layouts.
Where is this mixed-use property located?
The property is located at 704 Main Street Moosic, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Three units: one commercial storefront and two apartments; Apartment layouts include three bedrooms in one unit and two bedrooms in the other; Ductless air conditioning in the three‑bedroom apartment
