223 Center Street, Tamaqua PA 18252

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$480,000

223 Center Street, Tamaqua, PA 18252

bedrooms

bathrooms

square feet

6,968

Acreage

Open Houses

year built

1925

Full Baths

Half Baths

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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!

Location
Subdivision	Not in Development
County	Schuylkill
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 753820

Listing agent: Michael Crocefoglia

Listing broker: Exp Realty (412) 925-5551

Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, March 14 2025 at 8:47 p.m. EDT

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