325 1St StHazleton, PA 18201

For Sale
$440,000

Four-unit brick building, high ROI potential.

Overview

Added:
Jan 24
Days on market:
49
This well-maintained, four-unit apartment building in Hazleton, Pennsylvania, presents a compelling investment opportunity. Located at 325 W 1st St, 18201, this 1930-built, two-story brick structure underwent renovations in 2021, boasting a new roof, windows, furnace, and hot water heaters. The 4,742 square foot building sits on a 4,480 square foot lot and is zoned for apartment residential use. Each of the four units comprises two bedrooms and one bathroom, currently operating at 75% occupancy with month-to-month tenants. The property offers a strong net operating income (NOI) of $39,096, translating to an attractive 8.89% capitalization rate. Individual unit pricing is $110,000, with an overall asking price of $440,000 ($92.78 per square foot). Separate electric and hot water meters for each unit provide efficient utility management and potential for increased income through future upgrades. The building's long-term tenants and recent renovations contribute to its stability and potential for growth. This property is ideal for investors seeking a solid return in a stable market.

Highlights

  • $440,000 asking price for a four-unit apartment building in Hazleton, PA.
  • 8.89% cap rate with a $39,096 net operating income (NOI).
  • 4,742 square feet on a 4,480 square foot lot, priced at $92.78 per square foot and $110,000 per unit.
  • 75% occupancy with month-to-month tenants, offering income upgrade potential.
  • Recently renovated (2021) with a new roof, windows, furnace, and hot water heaters; all units are two-bedroom, one-bathroom apartments.

Property Details for 325 1St St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,742 SF
Year Built/Renovated
1930/2021
Buildings
1
Stories
2
Units
4

Location Insight

City
Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9603747
Longitude
-75.9772368
325 1St St, Hazleton, Pennsylvania

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325 1St St
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