Seven-Unit Apartment
New
For Sale
$849,900
Hazleton, PA 18201, Hazleton, PA 18201
Multi-Family, Hazleton, PA
Property Size7,700 SF
Lot Size0.18 Acres
Price / SF$110.38
Days on Market2
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
16
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 16, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 14, Bathroom 4, Bedroom 12, Bedroom 7, Bathroom 5, Bathroom 7, Basement, Bedroom 4, Bedroom 15, Bedroom 8, Bedroom 3, Bedroom 9, Bedroom 13, Bathroom 6, Bedroom 2, Bedroom 10, Bedroom 11
Parking features
On Street
Exterior features
Brick, Vinyl
Basement
Concrete
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
Go on 15 St, make a right on Grant St, property on the left (2 blocks before Diamond Ave)
Subdivision
Hazleton Area
Standard status
Active
APN
71-T8SW11-019-011-000
Size
7,700 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4379
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Action Real Estate
(570) 453-0303
Listed By:
Nelsy Dorvilles · License #RSR000929
(646) 270-2611
Added: Aug 31
Last Checked: Sep 1 at 1:06PM
MLS# 26-4447
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 multifamily property includes two residential buildings totaling 7700 square feet on a 0.1837-acre parcel. The front structure contains two two-story half-double units, each with three bedrooms and two bathrooms. A separate rear building adds five apartments: three with two bedrooms, one with three bedrooms, and one with a single bedroom.
The buildings are located at 533-535 Grant St and 534-536 Clinton Ct in Hazleton, PA 18201, with both properties held on one deed. Exterior materials include brick and vinyl, while heating includes hot water and other systems. The property has shingle roofing, public water service, and on-street parking. Residential zoning supports its existing multifamily configuration.
The buildings are located at 533-535 Grant St and 534-536 Clinton Ct in Hazleton, PA 18201, with both properties held on one deed. Exterior materials include brick and vinyl, while heating includes hot water and other systems. The property has shingle roofing, public water service, and on-street parking. Residential zoning supports its existing multifamily configuration.
Key Highlights
- Seven rental units across two buildings held on one deed
- 7700 square feet on 0.1837 acres
- Unit mix includes three 2‑bedroom, two 3‑bedroom, and one 1‑bedroom rear‑building apartments, plus two 3‑bedroom half‑doubles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,820
$1.2M
Cap Rate 7%
$887,729
$887.7K
Cap Rate 9%
$690,456
$690.5K
Market Conditions
NOI Build-Up for 7,700 SF
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.
Gross rent
$97.0K $12.60/SF
− Vacancy
−$8.2K −$1.07/SF
EGI
$88.8K $11.53/SF
− OpEx
−$26.6K −$3.46/SF
NOI
$62.1K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,820
Cap Rate 7%
$887,729
Cap Rate 9%
$690,456
Alternative Uses
Best Use
Multifamily LT 5
$887.7K
$776.8K – $1.04M
NOI $62,141 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$823.3K
$720.4K – $960.6K
NOI $57,633 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,755 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings provide seven rental units with varied bedroom layouts and on-street parking.
Where is this apartment building located?
The property is located at Hazleton, PA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Seven rental units across two buildings held on one deed; 7700 square feet on 0.1837 acres; Unit mix includes three 2‑bedroom, two 3‑bedroom, and one 1‑bedroom rear‑building apartments, plus two 3‑bedroom half‑doubles
