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37 Pierce St - 5 Unit in Kingston (Pierce Street) 5 Unit Apartment Building Offered at $550,000 at a 9.21% Cap Rate Kingston, PA 18704
Executive Summary
Fully occupied 5-unit multifamily located in Kingston, PA, offering immediate cash flow and strong fundamentals. All five units are currently leased with tenants paying the majority of utilities, keeping operating expenses low and margins strong. This is a true turnkey investment with stable in-place income from day one. Ideal for investors seeking a hands-off asset. Unit 1, 3, 4 LL pays gas heat only. All other utilities paid by tenant. Unit 2 - no utilities included. Unit 5 - no utilities included.- electric heat ****All have their own individual heat & electric meters. New owner can transfer responsibility of 100% of all utilities to the tenant.
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 | $550,000 | Property Type | Multifamily |
| Price Per Unit | $110,000 | Building Size | 2,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 9.21% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1900 |
| Price | $550,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 9.21% |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 2,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (81)
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37 Pierce St - 5 Unit in Kingston (Pierce Street)
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