3243 Sullivan Trl Falls, PA 18615
This exceptional 4,500 square foot, two-story apartment building presents a compelling investment opportunity in Falls, Pennsylvania. Situated on a spacious 1.63-acre lot with high visibility on Route 92, this property enjoys convenient access to Clarks Summit, Dallas, Tunkhannock, and Pittston (all within a 15-minute radius). Originally a tavern, the building has undergone significant renovations in 2019 and 2024, including a new septic system, furnace, upgraded 400-amp electrical service, and PEX plumbing. A large 1,000 square foot deck enhances the property's appeal. Currently, the first floor is configured as retail space, offering flexibility for various commercial uses. The second floor provides ample space for conversion into apartments or additional office space, potentially increasing the unit count to four or five. The property is zoned for commercial use, allowing for diverse development possibilities. This multifamily investment boasts a strong location and substantial recent upgrades, making it an attractive prospect for savvy investors seeking high-return potential in a desirable Pennsylvania market. The building was constructed in 1955 and features four existing units.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.