Five-Unit Apartment Building with
For Sale
$324,900
716 - 718 W MARKET ST, Pottsville, PA 17901
Apartment building with parking lot, sold as-is.
Property Size4,452 SF
Price / SF$72.98
Days on Market196
Property Features for 716 - 718 W MARKET ST
General Information
Standard status
Active
Size
4,452 SF
Property subtype
Multi-Family
Listing Agency:
Ramus Realty Group
(570) 622-6006
Listed By:
William Primeau · License #RS337743
(570) 728-0186
Source:
Lakehomesbyliz
Added: Mar 26
Changed: Sep 24
Last Checked: Oct 7 at 12:04PM
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
Investment Insights
Based on property information with market context.
This property features a five-unit apartment building along with a parking lot. The sale includes three parcels, consisting of two buildings and a parking lot. The property is sold as-is and is suitable for cash sales only.
Key Highlights
- Includes 3 Parcels: 2 Buildings & a Parking Lot
- 5 Unit Apartment Building
- Includes a Parking Lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,357
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,140
$487.1K
Cap Rate 7%
$347,957
$348.0K
Cap Rate 9%
$270,633
$270.6K
Market Conditions
NOI Build-Up for 4,452 SF
Gross rent
$47.0K $10.56/SF
− Vacancy
−$2.7K −$0.61/SF
EGI
$44.3K $9.95/SF
− OpEx
−$19.9K −$4.48/SF
NOI
$24.4K $5.47/SF
Area
Schuylkill County, PA
Vacancy
5.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,140
Cap Rate 7%
$347,957
Cap Rate 9%
$270,633
Alternative Uses
Best Use
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,357 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.8K
$584.3K – $779.1K
NOI $46,746 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with parking lot, sold as-is.
Where is this apartment building located?
The property is located at 716 - 718 W MARKET ST Pottsville, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Includes 3 Parcels: 2 Buildings & a Parking Lot; 5 Unit Apartment Building; Includes a Parking Lot
