400 Pine Street, Tamaqua, PA 18252
Local realty services provided by:ERA One Source Realty
400 Pine Street,Tamaqua Boro, PA 18252
$500,000
- 8 Beds
- 4 Baths
- 4,332 sq. ft.
- Multi-family
- Active
Listed by: joshua schoenberger
Office: steel city realty
MLS#:782195
Source:PA_LVAR
Price summary
- Price:$500,000
- Price per sq. ft.:$115.42
About this home
$63,600 GROSS INCOME | $50,240 NOI | 10.05% CAP AT $500,000. Fully occupied, renovated and producing from day one, 400 Pine St is a stabilized four-unit investment for a buyer who wants real cash flow without inheriting a major turnaround. The current rent roll is $5,300 per month, supported by signed leases, with a strong unit mix: one spacious 3BR/1BA residence with bonus room, attached garage and washer/dryer; two 2BR/1BA apartments; and one 1BR/1BA apartment. Seller-reported annual operating expenses are only $13,360 with full occupancy and self-management. Ownership invested more than $58,000 in documented improvements designed to improve durability, tenant appeal and efficiency. Work includes exterior siding, gutters and downspouts, chimney cap/flashing repairs, replacement vinyl windows, extensive LVP flooring, fresh paint, updated lighting, outlets and GFCIs, kitchen cabinetry, countertops and backsplash, plumbing-stack work and common-area improvements. The units present clean and bright, with generous rooms, updated finishes and appliances. Newer electric baseboard heating allows residents to control and pay for their own unit heat and electric, while public water and sewer simplify operations. This is not a speculative value-add project or a vacant building that must be stabilized. It is an income-producing four-unit with 100% occupancy, multiple bedroom configurations, low reported expenses and meaningful capital already invested. At $125,000 per unit and approximately $115 per building square foot, the offering provides an unusually strong combination of current yield and durable basis. Convenient to downtown Tamaqua, shopping, parks and local amenities. Financials, leases and improvement documentation are available for qualified buyers. Add a true cash-flow asset to your portfolio and start collecting income at closing. Seller is a licensed RE Agent....
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Home facts
- Year built:1910
- Subdivision & Development:Not in Development
- Listing ID #:782195
- Added:6 day(s) ago
- Updated:August 11, 2026 at 02:55 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood
- Living area:4,332 sq. ft.
Heating and cooling
- Cooling:Wall Units
- Heating:Baseboard
Structure and exterior
- Year built:1910
- Building area:4,332 sq. ft.
- Lot area:0.09 Acres
- Construction Materials:Vinyl Siding
- Exterior Features:Patio
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$500,000
- Price per sq. ft.:$115.42
- Tax amount:$3,260
Features and amenities
- Amenities:Balcony
Parking
- Total parking spaces:5
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