Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kingston Multi-Unit Residential Building Title is generated by Realmo AI

    71-73 Penn Street, Kingston, PA 18704

    View on Map
    Claim this Listing
    New
    For Sale
    $295,000

    MultiFamily - Kingston, PA

    Property size:
    3,200 SF
    Price / SF:
    $92/SF
    Added:
    May 14, 2026
    Days on Market:
    3
    Last Refresh:
    May 16 at 4:06 am

    Property Features for 71-73 Penn Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    4
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Drywall, Plaster, Paneling
    Exterior features
    Porch
    Basement Y/N
    1
    Standard status
    Active
    APN
    34-G9SE1 -024-036-000
    Size
    3,200 SF

    Taxes and HOA fees

    Tax Annual Amount
    2614.73

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Stacey L Lauer
    Stacey L Lauer

    Listing agent Stacey L Lauer License #RS272611

    Listing office Rubbico Real Estate 12 West Carey St, Plains, PA

    Listing date May 14, 2026

    MLS# 26-2196 Listing URL

    Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four separate units in one building.
    • Separate utilities for each unit.
    • Separate basements for storage for each unit.
    • Off‑street parking for up to 4 cars.
    • Each unit includes a living room, eat‑in kitchen with laundry hookup, 1 bedroom, and 1 bathroom.
    • Porch.

    Overview

    This four-unit multifamily building is located in Kingston, Pennsylvania. Each unit features a living room, an eat-in kitchen with laundry hookups, one bedroom, and one bathroom located on the second floor. Each unit also has separate utilities and a separate basement for storage. The property includes off-street parking at the rear for up to four cars. The building has a total size of 3,200 square feet and is located in Luzerne County.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $286.9K
    NOI $25,825 @ 9.00% cap · cautious / downside scenario
    Moderate
    $368.9K
    NOI $25,825 @ 7.00% cap · market / base-case scenario
    Aggressive
    $516.5K
    NOI $25,825 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $40.3k $12.60
    − Vacancy −$3.4k −$1.07
    EGI $36.9k $11.53
    − OpEx −$11.1k −$3.46
    NOI $25.8k $8.07
    3,200 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $368.9K
    $322.8K – $430.4K (±1% cap)
    NOI $25,825 @ 7.0% cap · market cap 8.75%
    Second Best
    Apartment 5plus
    $342.2K
    $299.4K – $399.2K (±1% cap)
    NOI $23,951 @ 7.0% cap · market cap 8.12%
    Theoretical Best
    Office A
    $1.01M
    $887.0K – $1.18M (±1% cap)
    NOI $70,963 @ 7.0% cap · market cap 24.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office 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
    Kingston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8997
    Latitude
    41.2768

    Nearby Similar for Sale

    • $797,500
      20,000 SF

      Kingston Mixed-Use Building For Sale

      Large mixed-use building with parking in Kingston, PA.
      947 W Market Street, Kingston, PA 18704
      View Details
    • $149,900
      2,612 SF

      Kingston Two-Family Home For Sale

      Two-family home in Kingston, PA with separate utilities.
      82-84 Payne Avenue, Kingston, PA 18704
      View Details
    • $550,000

      Kingston Multifamily Investment Opportunity

      Fully occupied 5-unit multifamily property in Kingston, Pennsylvania.
      37 Pierce Street, Kingston, PA 18704
      View Details
    • Contact for pricing
      4,500 SF

      Kingston Bar/Retail Opportunity

      Established bar or retail space with residential income potential.
      430 Market St, Kingston, PA 18704
      View Details
    • Contact for pricing
      65,000 SF

      Kingston Industrial Property For Sale

      65,000± SF industrial space in five buildings, Kingston, PA.
      181 Pringle St, Kingston, PA 18704
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building with separate utilities and off-street parking.
    Where is this quadplex located?
    The property is located at 71-73 Penn Street Kingston, PA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Four separate units in one building.; Separate utilities for each unit.; Separate basements for storage for each unit.
    (570) 881-7877
    We can help!
    Listing Contact
    Stacey L Lauer
    Stacey L Lauer
    Real Estate License ID: RS272611
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    71-73 Penn Street, Kingston, PA 18704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!