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    Property profile & analytics

    60 Grn St Nanticoke, PA 18634-2263

    • Apartment buildings
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Last Sale
    Nov 07, 2024
    $580,000
    Location Intelligence
    Property ID
    US73-2875659
    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 60 Grn St

    Lot size
    0.15 lot acres
    Property type
    Apartment buildings
    APN
    42-J7SE1-017-027
    APU
    42J7SE1017027

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $575,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $525,000
      Mixed-Use
      $460,000
      Hospitality
      $600,000
      Educational
      $580,000
      Residential Income
      $560,000
      Energy
      $515,000
      Income-Based Land
      $485,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Nanticoke
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -76.0048
    Latitude
    41.2014
    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
    $3,391
    $26,500
    $103,500
    $130,000
    -
    $26,500
    $103,500
    $130,000

    Comparable in this City

    • Value Estimation
      $225,000
      0.15 Acres

      228 Robert St

      APARTMENT HOUSE (5+ UNITS) • 0.15 Acres
      228 Robert St, Nanticoke, PA 18634
      View Details
    • Value Estimation by Request
      0.16 Acres

      452 Hanover St

      APARTMENT HOUSE (5+ UNITS) • 0.16 Acres
      452 Hanover St, Nanticoke, PA 18634-2734
      View Details
    • Value Estimation
      $260,000
      0.35 Acres

      109 Grand St

      APARTMENT HOUSE (5+ UNITS) • 0.35 Acres
      109 Grand St, Nanticoke, PA 18634-3136
      View Details
    • Value Estimation
      $295,000
      0.36 Acres

      9 Old Newport St

      APARTMENT HOUSE (5+ UNITS) • 0.36 Acres
      9 Old Newport St, Nanticoke, PA 18634-1344
      View Details
    • Value Estimation
      $240,000
      0.94 Acres

      195 Grand St

      APARTMENT HOUSE (5+ UNITS) • 0.94 Acres
      195 Grand St, Nanticoke, PA 18634-3103
      View Details
    • Value Estimation
      $50,000
      0.13 Acres

      1201 Hanover St

      APARTMENT HOUSE (5+ UNITS) • 0.13 Acres
      1201 Hanover St, Nanticoke, PA 18634-3448
      View Details

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    60 Grn St
    Nanticoke, PA 18634-2263
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    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
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