223 Center Street
Tamaqua Borough, PA 18252
Map
- – beds
- – baths
- 6,968 sqft
- $71 per sqft
- 1925 build
More homes
CALL FOR OFFERS BY EOD 3/18. Turnkey 6-unit apartment building in the heart of Tamaqua, offering strong cash flow with value-add potential. This well-maintained property features five (5) spacious 3-bed, 1-bath units and one (1) 2-bed, 1-bath unit, each ranging from 1,000-1,100 sq. ft. with balcony access. Onsite washer/dryer for tenant convenience. Tenants cover electric, heat, and trash, while the landlord is responsible for water/sewer, lawn care, and house electric meter. With an actual NOI of $42,000, the property is being offered at close to a 9% cap rate, and with simple income optimization—such as including water/sewer fees in leases and bringing rent to market levels—the pro forma cap rate exceeds 13%. This is a fantastic opportunity to acquire a high-performing multifamily asset with immediate returns and additional upside potential. Don’t miss this investment opportunity—schedule a showing today!
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Last updated Jul 4, 2025
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MLS# 753820 —
The Building
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Construction Materials:Brick
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Year Built:1925
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Number Of Units Total:6
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Building Area:Assessor
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Exterior Features:PropaneTankLeased
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Security Features:FireEscape
Interior
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Interior Features:Balcony
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Stories:3
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Stories Total:3
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Living Area:6968.0
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Living Area Source:Assessor
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Laundry Features:CommonArea
Financial & Terms
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Listing Terms:Cash,Conventional
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Buyer Financing:Conventional
Location
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Longitude:-75.967461
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Latitude:40.79453
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Apartment
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Zoning:R-4
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Parcel Number:65-17-0004.000
Listing Agent
- Contact info:
- Agent phone:
- (888) 397-7352
- Office phone:
- (888) 397-7352
Taxes
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Tax Annual Amount:$6,397.76
Heating & Cooling
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Cooling:WallWindowUnits
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Heating:ForcedAir,Propane
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Heating:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Middle School District:Tamaqua
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High School District:Tamaqua
The Community
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Subdivision Name:Not In Development
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Senior Community:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/9/25
Jun 9, 2025
|
Sold | GLVR | $495,000 |
