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Property profile & analytics
OFF-MARKET
Apartment buildings

0 Noble St Nanticoke, PA 18634

Property ID
Property summary
AI-generated overview

This well-maintained three-unit apartment building is ideally situated in the heart of Nanticoke, Pennsylvania, offering a compelling investment opportunity. The property consists of three identical units, each featuring two bedrooms and one bathroom. All units include a garage. A significant advantage is that all tenants are responsible for their own utilities, minimizing operational expenses for the owner. Currently, the leases are below market rates, presenting a clear path to increase profitability through future rent adjustments. The property boasts a strong net operating income (NOI) of $26,026, making it an attractive investment with a solid return potential. Its convenient location near Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center ensures consistent tenant demand. The asking price is $255,000, translating to $85,000 per unit. This represents a rare opportunity to acquire a well-positioned multifamily property in a growing area with significant upside potential. The property's strong cash flow and potential for rent increases make it an ideal addition to any investment portfolio.

Property profile
Verified
Property type Apartment buildings
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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