409 W Broad St - Apartments FOR SALE


Tamaqua, PA 18252
$900,000 USD
484-866-2495
409 W Broad St, Tamaqua, PA for Sale
$900,000 USD
Apartments - FOR SALE
1/43
null | 10.38% Cap Rate

409 W Broad St
Tamaqua, PA 18252


HIGHLIGHTS

  • Renovated
  • Highly Desireable
  • High Cap Rate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

7

PRICE/UNIT

$128,571

CAP RATE

10.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$120K GROSS - FULL RENO

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,644 SF

ZONING

-

APN/PARCEL ID

65-11-0388.000

ASK ABOUT THIS PROPERTY

James ReardoneXp CommercialMore Info
484-866-2495

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James ReardoneXp CommercialMore Info
484-866-2495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.