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164 S Main St 24 Unit Apartment Building $1,375,000 ($57,292/Unit) 17.82% Cap Rate Carbondale, PA 18407
EXECUTIVE SUMMARY
Prime redevelopment opportunity in Carbondale’s downtown Main Street district.
All schematic architectural plans are complete and permits are approved, allowing immediate start of construction.
The project is designed and approved for 17–24 residential units (Group R-2 multifamily) with flexible layouts suitable for market-rate or workforce housing.
Highlights:
• Fully entitled and shovel-ready
• Approved for 17–24 residential units
• Schematic plans and architectural drawings completed
• UCC / IBC-2018 compliant permits in hand
• Ideal Main Street location near shops, employers, and public transportation
• Utilities and infrastructure on site
Perfect for: Developers, builders, or investors seeking a ready-to-build multifamily property with strong upside in a growing northeastern Pennsylvania market.
All schematic architectural plans are complete and permits are approved, allowing immediate start of construction.
The project is designed and approved for 17–24 residential units (Group R-2 multifamily) with flexible layouts suitable for market-rate or workforce housing.
Highlights:
• Fully entitled and shovel-ready
• Approved for 17–24 residential units
• Schematic plans and architectural drawings completed
• UCC / IBC-2018 compliant permits in hand
• Ideal Main Street location near shops, employers, and public transportation
• Utilities and infrastructure on site
Perfect for: Developers, builders, or investors seeking a ready-to-build multifamily property with strong upside in a growing northeastern Pennsylvania market.
PROPERTY FACTS
| Price | $1,375,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $57,292 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 17.82% | Building Size | 15,000 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 5.57/1,000 SF |
| Zoning | Commercial | ||
| Price | $1,375,000 |
| Price Per Unit | $57,292 |
| Sale Type | Investment |
| Cap Rate | 17.82% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 5.57/1,000 SF |
| Zoning | Commercial |
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PROPERTY TAXES
| Parcel Number | 05509010014 | Improvements Assessment | $86,000 |
| Land Assessment | $4,000 | Total Assessment | $90,000 |
PROPERTY TAXES
Parcel Number
05509010014
Land Assessment
$4,000
Improvements Assessment
$86,000
Total Assessment
$90,000
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164 S Main St
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