$5,878 Closing Credit¹
#748370, Listing Office: EXP Realty LLC
$480,000 List price
223 Center St Tamaqua Borough, PA 18252
$5,700
Closing credit¹
6,968 sqft
$69 / sqft
Condo
Property details
About 223 Center St
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!
Highlights
Home typeCondominium
HeatingForced Air, Propane
StatusActive
CoolingWall/Window Unit(s)
Size6,968 sqft
Year built1925
MLS #753820
Summary
- MLS Number: 753820
- MLS Name: HIGH
- Office Name: EXP Realty LLC
- Office Phone: (888) 397-7352
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. The MLS Listing Information has not been verified and is not guaranteed by MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$480,000
223 Center St
$5,700
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Tamaqua Elementary School
Public District KG-5
0.7 mi
•Boyle Ave
6
West Penn Township Elementary School
Public District KG-5
6.0 mi
•185 School Dr
2
Panther Valley Elementary School
Public District KG-5
9.5 mi
•1 N Mermon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,727. The most common annual income of people living in Tamaqua Borough, PA is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
56%
<35k
32%
35k-100k
11%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
13%
Single, with Kids
17%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
5%
12-17 yrs old
24%
18-34 yrs old
34%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Motocross
Where do the neighbors shop?
Kmart
Stein Mart
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Sonic
Dominos Pizza
What do the neighbors drive?
Buick
Oldsmobile
Ford
What do the neighbors listen to?
Oldies
Adult Standards- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 223 Center St
This home is located at 223 Center St in Tamaqua Borough, PA and zip code 18252. This 6,968 square foot home was built in 1925. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $480,000.
Tamaqua Borough, PA housing market in February 2025 saw over 7 listings sold above listed price, more than 2 sold at listed price and over 5 sold below. Between January and February 2025, Tamaqua Borough, PA real estate market has seen decrease in the number of listings by 8.5%. While the average time on the market in February 2025 was 28 days, the median list price was $159,000.
From Rocket Homes Real Estate and based on county public records data.