Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    40 Pierce St Kingston, PA 18704-4620

    • Apartment buildings
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Nov 07, 2023
    $312,635
    Location Intelligence
    Property ID
    US73-5874003
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 40 Pierce St

    Lot size
    0.16 lot acres
    Property type
    Apartment buildings
    APN
    34-G9SE3-001-020
    APU
    34G9SE3001020

    Description

    This well-maintained, six-unit apartment building in Kingston, Pennsylvania presents a compelling value-add investment opportunity. Located in a desirable neighborhood near the vibrant downtown area, this three-story, 4,600 square foot building offers a strong pro-forma cap rate of 7.27% and a pro-forma NOI of $58,054. Built in 1940, the property sits on a 0.16-acre lot and is zoned residential. Each of the six units is designed for tenant comfort, featuring spacious layouts and modern amenities. A key advantage is that tenants are responsible for their own gas and heat, significantly reducing operating costs. Low property taxes in Kingston further enhance the net return on investment. The building's strategic location ensures high demand and stable occupancy rates, making it an attractive addition to any portfolio. The asking price is $799,000, translating to $173.70 per square foot and $133,167 per unit. This property combines consistent rental income with low maintenance requirements and proximity to Kingston's bustling downtown, offering both financial efficiency and potential for future appreciation. This is a smart and lucrative investment choice.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $370,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $355,000
      Mixed-Use
      $345,000
      Hospitality
      $300,000
      Educational
      $330,000
      Residential Income
      $305,000
      Energy
      $290,000
      Income-Based Land
      $305,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.8907
    Latitude
    41.2655
    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
    $3,986
    $25,700
    $128,000
    $153,700
    -
    $25,700
    $128,000
    $153,700

    Comparable in this City

    • Value Estimation
      $210,000
      0.14 Acres

      High St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      High St, Kingston, PA 18704
      View Details
    • Value Estimation
      $240,000
      0.12 Acres

      305 Wright Ave

      APARTMENT HOUSE (5+ UNITS) • 0.12 Acres
      305 Wright Ave, Kingston, PA 18704-4613
      View Details
    • Value Estimation
      $335,000
      0.09 Acres

      1120 Wyoming Ave

      APARTMENT HOUSE (5+ UNITS) • 0.09 Acres
      1120 Wyoming Ave, Forty Fort, PA 18704-4047
      View Details
    • Value Estimation
      $50,000
      0.12 Acres

      385 Main St

      APARTMENT HOUSE (5+ UNITS) • 0.12 Acres
      385 Main St, Swoyersville, PA 18704-1223
      View Details
    • Value Estimation
      $225,000
      0.06 Acres

      664 Mercer Ave

      APARTMENT HOUSE (5+ UNITS) • 0.06 Acres
      664 Mercer Ave, Kingston, PA 18704-3823
      View Details
    • Value Estimation
      $210,000
      0.14 Acres

      69 Price St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      69 Price St, Kingston, PA 18704-2749
      View Details

    Similar Nearby for Sale

    • $299,900
      4,320 SF

      Swoyersville Multifamily Investment Opportunity

      Five-unit property with off-street parking and fenced yard.
      225 Watkins St, Swoyersville, PA 18704
      View Details
    • Contact for pricing
      4,500 SF

      Kingston Bar/Retail Opportunity

      Established bar or retail space with residential income potential.
      430 Market St, Kingston, PA 18704
      View Details
    • New
      $395,000
      Pending

      Renovated Mixed-Use Property, Forty Fort

      Completely renovated mixed-use property with apartments and commercial space.
      942 Wyoming Ave, Wilkes Barre, PA 18704
      View Details
    • New
      $189,000
      1,948 SF

      Swoyersville Multi-Family Property For Sale

      Two-unit property with separate utilities near park and baseball field.
      519 Church St, Wilkes Barre, PA 18704
      View Details
    • $151,000
      Pending

      Kingston Two-Family Investment Opportunity

      Two buildings on one lot, great investment or owner-occupant potential.
      14 Myers Ln, Kingston, PA 18704
      View Details
    • $250,000
      Pending

      Kingston Duplex Investment Opportunity

      Charming 2-unit property in Kingston, fully occupied with tenants.
      114-116 W Union St, Wilkes Barre, PA 18704
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo
      2,941 SF

      Kingston Commercial Space For Rent

      Commercial space available for lease in Kingston, Pennsylvania.
      212 Wyoming Ave, Wilkes Barre, PA 18704
      View Details
    • $18 SF/Yr
      2,341 SF

      Kingston Office Space Available

      Office space available for lease in Kingston, Pennsylvania.
      540 Pierce St, Kingston, PA 18704
      View Details
    • Contact for pricing
      381,881 SF

      Welles Street Office Space

      Forty Fort, PA Office Building - Multiple Suites Available
      180 Welles St, Forty Fort, PA 18704
      View Details
    • Contact for pricing
      27,303 SF

      Kingston Medical Office Space Available

      10,067 SF medical office space for rent.
      423 3Rd Ave, Kingston, PA 18704
      View Details
    • Contact for pricing
      65,000 SF

      Kingston Industrial Warehouse - 65,000 SF

      Prime Kingston warehouse, 65,000 SF, 5 buildings.
      181 Pringle St, Kingston, PA 18704
      View Details
    • $16 SF/Yr
      2,200 SF

      Kingston Office Space Available

      Office space available for lease in Kingston, Pennsylvania.
      390 Pierce St, Kingston, PA 18704
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Pierce St
    Kingston, PA 18704-4620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.