Three-Unit Residential Income
879 Alter Street Hazleton, PA 18201
New
879 Alter Street, Hazleton, PA, 18201
$384,900
For Sale
$384,900
MULTI_FAMILY - Hazleton, PA
Property Size3,130 SF
Lot Size0.09 Acres
Price / SF$122.97
Days on Market1
Property Features for 879 Alter Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Exterior features
- Aluminum, Vinyl
- Basement
- Full
- Standard status
- Active
- APN
- 71-T8NW13-008-001
- Size
- 3,130 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Tenants personal property
- Tax Annual Amount
- 4520
Utilities
- Heating system
- Hot Water(Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Roof type
- Metal
Listing Agency
Rubbico Real Estate
(570) 826-1600
12 W Carey St, Plains, PA
Listed by
Laura Colleran · License #RS333332
(570) 417-4865
Added: Jul 16 Checked: Jul 16 at 9:06 pm
MLS# 26-3467
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.
Investment Insights
Based on property information with market context.
This is a fully rented three-unit residential income property consisting of one 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit. The building’s total size is 3,130 square feet, situated on a 0.0882-acre lot.
The property is located at 879 Alter Street in Hazleton, Pennsylvania 18201, within Luzerne County. Zoning is designated as Residential.
The unit mix provides a range of apartment sizes within the same building, supporting straightforward tenant turnover across the three separate units.
The property is located at 879 Alter Street in Hazleton, Pennsylvania 18201, within Luzerne County. Zoning is designated as Residential.
The unit mix provides a range of apartment sizes within the same building, supporting straightforward tenant turnover across the three separate units.
Key Highlights
- Fully rented 3‑unit property with a mix of one 4‑bedroom unit, one 3‑bedroom unit, and one 1‑bedroom unit
- Public water service available
- Metal roof; exterior features include aluminum and vinyl
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $12.60 |
| − Vacancy | −$3.4k | −$1.07 |
| EGI | $36.1k | $11.53 |
| − OpEx | −$10.8k | −$3.46 |
| NOI | $25.3k | $8.07 |
3,130 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$334.7K
$292.8K – $390.5K
NOI $23,427 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$991.6K
$867.6K – $1.16M
NOI $69,411 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully rented 3-unit building offers 4-, 3-, and 1-bedroom apartments in a residentially zoned setting.
Where is this triplex located?
The property is located at 879 Alter Street Hazleton, PA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Fully rented 3‑unit property with a mix of one 4‑bedroom unit, one 3‑bedroom unit, and one 1‑bedroom unit; Public water service available; Metal roof; exterior features include aluminum and vinyl
