109 Thomas Ave, Unit 11 Kingston, PA 18704-5533
Property profile & analytics
109 Thomas Ave, Unit 11, Kingston, PA 18704-5533
- Apartment buildings
- 0.14 lot acres
Property ID
US73-2887721
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 109 Thomas Ave
- Lot size
- 0.14 lot acres
- Property type
- Apartment buildings
- APN
- 34-H9NE2-028-01A
- APU
- 34H9NE202801A
Description
This exceptional investment opportunity presents an eight-unit apartment building located at 109 N Thomas Ave, Kingston, PA 18704. The property, built in 1920, boasts 6,500 square feet across two stories and sits on a 0.09-acre lot. Currently zoned C2, this Class C multifamily building offers a compelling value-add proposition. With eight units, each priced at $124,875, the asking price is $999,000, translating to a price per square foot of $153.69. The property's strong financial performance is highlighted by a pro-forma NOI of $78,032 and a pro-forma cap rate of 7.81%. Situated in Kingston's thriving downtown, this building benefits from its proximity to a vibrant array of shops, restaurants, and entertainment venues, ensuring high tenant demand. The building is in excellent condition, requiring minimal maintenance, promising a steady stream of rental income and significant potential for future value appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's combination of strong financials, prime location, and minimal maintenance requirements makes it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.8887
- Latitude
- 41.2581
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,409
$38,700
$131,300
$170,000
-
$38,700
$131,300
$170,000
