0 Noble St Nanticoke, PA 18634
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.
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.