Multifamily Property with 2-Bay
For Sale
$612,000
96 S Main Street, Ashley, PA 18706
Multi-Family, Ashley, PA
Property Size3,800 SF
Lot Size0.17 Acres
Price / SF$161.05
Days on Market99
Property Features for 96 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 3, Bedroom 3, Basement, Bedroom 7, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 1, Bedroom 4, Bedroom 6
Parking features
Off Street
Exterior features
Aluminum
Basement
Concrete
Elementary school district
Hanover
Middle school district
Hanover
High school district
Hanover
Directions
From Hazel St Wilkesbarre to Main St Ashley House on the left.
Subdivision
Ashley-Nanticoke-Hanover Twp
Standard status
Active
APN
01-J9NE1 -011-030-000
Size
3,800 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Owner and Tenants personal property.
Tax Annual Amount
2321
Legal Description
Owner and Tenants personal property.
Utilities
Heating system
Steam
Water source
Public
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
Rubbico Real Estate · Realty World
(570) 826-1600
Listed By:
Edwin Montalvo
(570) 817-5244
Added: Jul 13
Changed: Oct 17
Last Checked: Oct 19 at 7:06AM
MLS# 26-260
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 residential multifamily property contains 3,800 square feet on a 0.17-acre lot and was built in 1900. The layout includes nine bedrooms, five bathrooms, and a basement. Recent updates, aluminum exterior siding, a shingle roof, and steam heat are noted. The property is fully rented and includes a large two-bay garage.
Located at 96 S Main Street in Ashley, Pennsylvania, the property carries Residential zoning and is served by public water. Off-street parking is provided. The combination of rental occupancy, multiple bedrooms and bathrooms, and garage space supports its use as a residential income asset.
Located at 96 S Main Street in Ashley, Pennsylvania, the property carries Residential zoning and is served by public water. Off-street parking is provided. The combination of rental occupancy, multiple bedrooms and bathrooms, and garage space supports its use as a residential income asset.
Key Highlights
- 3,800‑square‑foot multifamily property on a 0.17‑acre lot
- Nine bedrooms and five bathrooms
- Fully rented residential income property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,442
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,840
$568.8K
Cap Rate 7%
$406,314
$406.3K
Cap Rate 9%
$316,022
$316.0K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$56.1K $14.76/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$51.7K $13.61/SF
− OpEx
−$23.3K −$6.12/SF
NOI
$28.4K $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%
$568,840
Cap Rate 7%
$406,314
Cap Rate 9%
$316,022
Alternative Uses
Best Use
Apartment 5plus
$406.3K
$355.5K – $474.0K
NOI $28,442 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,269 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Service bays
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 18706, PA
16,338
Population
7,675
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
621
Density / Sq Mi
$57,546
Median Household Income
$38,381
Median Earnings
$883
Median Rent
$121,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Recently updated residential income property with public water, off-street parking, and a two-bay garage.
Where is this multifamily property located?
The property is located at 96 S Main Street Ashley, PA.
What is the asking price?
The asking price for this property is $612,000.
What are key features of this property?
This property features: 3,800‑square‑foot multifamily property on a 0.17‑acre lot; Nine bedrooms and five bathrooms; Fully rented residential income property
