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277 E Spring St - 3 Unit + Garage in Nanticoke 4 Unit Apartment Building Offered at $395,000 at a 9.35% Cap Rate Nanticoke, PA 18634
Investment Highlights
- Large garage/warehouse potential commercial use
- Tenants pay utilities.
- Fully rented
Executive Summary
Income-producing 3-unit property in Nanticoke featuring 1-, 2-, and 3-bedroom apartments. Tenants pay all their own utilities, keeping
owner expenses low. Includes an oversized detached garage with potential for a workshop, multi-car storage, or other uses (subject to zoning). Sale
includes two parcels, offering added value and future flexibility.
owner expenses low. Includes an oversized detached garage with potential for a workshop, multi-car storage, or other uses (subject to zoning). Sale
includes two parcels, offering added value and future flexibility.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $395,000 | Property Type | Multifamily |
| Price Per Unit | $98,750 | Building Size | 3,200 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 9.35% | No. Stories | 3 |
| No. Units | 4 | Year Built | 1900 |
| Price | $395,000 |
| Price Per Unit | $98,750 |
| Sale Type | Investment |
| Cap Rate | 9.35% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 42-J7NE4-026-033 | Improvements Assessment | $40,000 (2026) |
| Land Assessment | $20,200 (2026) | Total Assessment | $60,200 (2026) |
Property Taxes
Parcel Number
42-J7NE4-026-033
Land Assessment
$20,200 (2026)
Improvements Assessment
$40,000 (2026)
Total Assessment
$60,200 (2026)
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277 E Spring St - 3 Unit + Garage in Nanticoke