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$120K GROSS - FULL RENO 409 W Broad St 7 Unit Apartment Building $900,000 ($128,571/Unit) 10.38% Cap Rate Tamaqua, PA 18252
Investment Highlights
- Renovated
- High Cap Rate
- Highly Desireable
Executive Summary
This cash-flowing, brick-built 8-unit multifamily stunner generates a Net Operating Income of $93,419 on Gross Income of $120,000, offered at $900,000, delivering a 10% cap at full occ, self-managed. Owners invested over $100,000 in targeted upgrades to deliver stability, low upkeep, & tenant appeal. Interiors: $80K across all 8 units with full spackle/paint, flooring replacements where needed, & refreshed kitchens & baths with updated fixtures, cabinetry, & plumbing. Exterior scope: brand-new roof; $3,200 brick repointing to protect the envelope; $4,095 demo of failing metal steps & installation of reinforced steps with safety railings; $8,500 replacement/repair of exterior stair & balcony wood using pressure-treated, code-compliant materials; fresh exterior paint & cleanup. Each unit is separately metered for electric—TNTs shoulder their own usage, supporting NOI & predictable ownership costs. Solid brick construction, efficient layouts, code-compliant improvements, & a supply-constrained rental market underpin durable occupancy & upside. This is turnkey: minimal near-term capex, stabilized operations, & professional workmanship designed for longevity. Whether you’re growing a portfolio or executing a 1031 exchange, this income-forward asset offers immediate returns, resilient cash flow, & appreciation potential in a revitalizing Tamaqua. Request the rent roll, renovation invoices, & pro forma. *Some estimated or projected financials based on industry standards.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$12.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$12.21
|
| Taxes |
$15,601
|
$1.59
|
| Operating Expenses |
$10,980
|
$1.12
|
| Total Expenses |
$26,581
|
$2.70
|
| Net Operating Income |
$93,419
|
$9.51
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $12.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $12.21 |
| Taxes | |
|---|---|
| Annual | $15,601 |
| Annual Per SF | $1.59 |
| Operating Expenses | |
|---|---|
| Annual | $10,980 |
| Annual Per SF | $1.12 |
| Total Expenses | |
|---|---|
| Annual | $26,581 |
| Annual Per SF | $2.70 |
| Net Operating Income | |
|---|---|
| Annual | $93,419 |
| Annual Per SF | $9.51 |
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $128,571 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 9,828 SF |
| Cap Rate | 10.38% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $900,000 |
| Price Per Unit | $128,571 |
| Sale Type | Investment |
| Cap Rate | 10.38% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,828 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Large Bedrooms
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $1,450 | 1,400 |
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Property Taxes
| Parcel Number | 65-11-0388.000 | Total Assessment | $177,475 (2025) |
| Land Assessment | $166,040 (2025) | Annual Taxes | $15,601 ($1.59/SF) |
| Improvements Assessment | $11,435 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
65-11-0388.000
Land Assessment
$166,040 (2025)
Improvements Assessment
$11,435 (2025)
Total Assessment
$177,475 (2025)
Annual Taxes
$15,601 ($1.59/SF)
Tax Year
2024
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$120K GROSS - FULL RENO | 409 W Broad St
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