Property profile

60 Grn St Nanticoke, PA 18634

OFF-MARKET
Apartment buildings
Property ID
US73-2875659
0.15 ac lot
Individually Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This well-maintained seven-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Priced at $658,000, this multifamily property boasts a Net Operating Income (NOI) of $49,447, offering a strong return on investment. The building comprises three two-bedroom units and four one-bedroom units, all with tenants responsible for their own utilities. A small parking area is located at the rear of the property for tenant convenience. Currently, leases are below market value, presenting a significant opportunity to increase profitability. The property's strategic location offers easy access to Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. This cash-flowing asset is ideally situated in a central Nanticoke location, close to local amenities and employment centers. The property's strong occupancy and below-market leases make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-growth income stream. The asking price of $658,000 translates to $94,000 per unit. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving Pennsylvania community.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Lot 0.15 ac (6,534 SF)
APN 42-J7SE1-017-027
UPID US73-2875659

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60 Grn St Nanticoke, PA 18634-2263
Nanticoke metro Census 214100 SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2024
Last sale
$580,000
2 recorded transactions
2024
$580,000
2023
$490,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 Grn St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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