Pottsville Multifamily Investment
For Sale
Contact for pricing
1903 W Market St, Pottsville, PA 17901
Tenant-occupied multifamily property in Pottsville, convenient location, cash sales only.
Property Size2,178 SF
Price / SF$91.78
Days on Market681
Property Features for 1903 W Market St
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Ramus Realty Group
(272) 261-1582
Listed By:
Will Primeau · License #PA RS337743
Source:
Crexi
Added: Sep 24, 2024
Changed: Jul 6
Last Checked: Aug 4 at 5:25AM
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 multifamily property is located in Pottsville, Pennsylvania, and offers convenient access to Route 61. The property is tenant-occupied and is being sold as-is, with cash sales only. It is approximately one hour from Allentown and approximately two and a half hours from New York City. The building has a size of 2178 square feet.
Key Highlights
- Easy access to Route 61 for travel.
- Tenant occupied.
- Proximity to Allentown (1 hour).
Financial Insights For Apartment 5plus
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 | $23.0k | $10.56 |
| − Vacancy | −$1.3k | −$0.61 |
| EGI | $21.7k | $9.95 |
| − OpEx | −$9.7k | −$4.48 |
| NOI | $11.9k | $5.47 |
2,178 SF · lease $10.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$170.2K
$149.0K – $198.6K
NOI $11,916 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.7K
$285.9K – $381.2K
NOI $22,869 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
209
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied multifamily property in Pottsville, convenient location, cash sales only.
Where is this multifamily property located?
The property is located at 1903 W Market St Pottsville, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Easy access to Route 61 for travel.; Tenant occupied.; Proximity to Allentown (1 hour).
