Active

40 Pierce Street

Kingston PA, 18704

$799,000


$173.70 per sqft

Active

4,600 sqft

Commercial

Built in 1940

Located in a desirable neighborhood near Kingston's vibrant downtown area, this well-maintained 6-unit apartment building presents an outstanding investment opportunity. The property boasts a strategic location that ensures high demand and stable occupancy rates, making it an attractive addition to any investor's portfolio. Each unit is designed with tenant comfort in mind, offering spacious layouts and modern amenities that appeal to quality renters. A significant advantage of this property is that tenants are responsible for their own gas and heat, substantially reducing the landlord's operational costs. Moreover, the building benefits from Kingston's low property taxes, further enhancing the net return on investment. With consistent rental income, low maintenance requirements, and proximity to the bustling downtown scene, this apartment building combines financial efficiency with potential for future appreciation, making it a smart and lucrative investment choice.

SC2903

MLSⓇ ID

June 4, 2024

Listed

October 1, 2024

Updated

Map

40 Pierce Street
Kingston PA, 18704

Interior Features

Total Stories

3


Floor Description

Tile, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas, Steam

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

None


Roof

Composition


Sewer

Public Sewer

School Information

School District

Wyoming Valley West

Other Property Details

Taxes

$3,986


Tax Frequency

Annually


Days on Market

101


Garage

No


Parking

On Street


View

No


County

Luzerne


Water Source

Public


Pool

No


Zoning

Residential

Listed by Sunita Arora with ERA One Source Realty
Listing Contact:  

The IDX display contains information sourced from the Greater Scranton Board of REALTORS® as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Greater Scranton Board of REALTORS® all rights reserved.

Data last updated on 10/1/2024 at 9:10 PM UTC

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