5-Unit Apartment Building with
797 Alter Street, Hazleton, PA 18201
For Sale
New
$499,900
Multi-Family, Hazleton, PA
Property Size3,011 SF
Lot Size0.15 Acres
Price / SF$166.02
Days on Market2
Property Features for 797 Alter Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Roof type
Listing Agency:
Action Real Estate
(570) 453-0303
Listed By:
Nelsy Dorvilles
(646) 270-2611
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 26-5922
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.
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Investment Insights
Based on property information with market context.
This five-family apartment property contains 3,011 square feet, with eight bedrooms and five bathrooms. The building dates to 1895 and has vinyl exterior siding and a shingle roof. Public water serves the property, which is zoned Residential.
Set on a 0.1469-acre corner lot, the property includes a five-car garage; on-street parking is also listed.
Set on a 0.1469-acre corner lot, the property includes a five-car garage; on-street parking is also listed.
Key Highlights
- Five‑family apartment property with 3,011 square feet
- Five‑car garage; on‑street parking also listed
- Eight bedrooms and five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,537
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,740
$450.7K
Cap Rate 7%
$321,957
$322.0K
Cap Rate 9%
$250,411
$250.4K
Market Conditions
NOI Build-Up for 3,011 SF
Gross rent
$44.4K $14.76/SF
− Vacancy
−$3.5K −$1.15/SF
EGI
$41.0K $13.61/SF
− OpEx
−$18.4K −$6.12/SF
NOI
$22.5K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,740
Cap Rate 7%
$321,957
Cap Rate 9%
$250,411
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$953.9K
$834.7K – $1.11M
NOI $66,772 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Luzerne County, PA
Properties on Market for Apartment buildings in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The corner-lot property includes a five-car garage and on-street parking.
Where is this apartment building located?
The property is located at 797 Alter Street Hazleton, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five‑family apartment property with 3,011 square feet; Five‑car garage; on‑street parking also listed; Eight bedrooms and five bathrooms
