7-Unit Apartment
New
For Sale
$610,000
Plains, PA 18705, Plains, PA 18705
Multi-Family, Plains, PA
Property Size3,850 SF
Lot Size0.20 Acres
Price / SF$158.44
Days on Market2
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 7, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bedroom 6
Parking features
Off Street
Exterior features
Aluminum
Basement
Concrete, Full, Dirt Floor
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From River St. turn onto W. Carey, left onto Main St. building on the right.
Subdivision
Plains Twp-WB Twp-Bear Creek Laflin
Standard status
Active
APN
50-G10NE4-022-016-000
Size
3,850 SF
Lot size
0.20 Acres
Additional Details
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Tax Year
2026
Tax Description
All tenant owned personal property.
Tax Annual Amount
2844
Legal Description
All tenant owned personal property.
Utilities
Heating system
Baseboard, Electric (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Roof type
Shingle
Buildings
1
Listing Agency:
Rubbico Real Estate · Realty World
Listed By:
Michael Griffith
(570) 826-1600
Added: Oct 27
Last Checked: Oct 28 at 8:06AM
MLS# 26-5567
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This seven-unit apartment property contains 3,850 square feet on a 0.1974-acre parcel. The building dates to 1920 and is zoned Multi-Family. Exterior features include aluminum siding and a shingle roof, with electric, hot water, and baseboard heating. Public water serves the property.
Each apartment is responsible for its own gas and electric, and off-street parking is available on site.
Each apartment is responsible for its own gas and electric, and off-street parking is available on site.
Key Highlights
- Seven apartment units
- 3,850 square feet on a 0.1974‑acre parcel
- Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,816
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,320
$576.3K
Cap Rate 7%
$411,657
$411.7K
Cap Rate 9%
$320,178
$320.2K
Market Conditions
NOI Build-Up for 3,850 SF
Gross rent
$56.8K $14.76/SF
− Vacancy
−$4.4K −$1.15/SF
EGI
$52.4K $13.61/SF
− OpEx
−$23.6K −$6.12/SF
NOI
$28.8K $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%
$576,320
Cap Rate 7%
$411,657
Cap Rate 9%
$320,178
Alternative Uses
Best Use
Apartment 5plus
$411.7K
$360.2K – $480.3K
NOI $28,816 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,378 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents pay their own gas and electric costs, while off-street parking serves the property.
Where is this apartment building located?
The property is located at Plains, PA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Seven apartment units; 3,850 square feet on a 0.1974‑acre parcel; Multi‑Family zoning
