Brick Duplex with Rear
New
For Sale
$450,000
1200 E Broad Street, Hazleton, PA 18201
Multi-Family, Hazleton, PA
Property Size4,726 SF
Lot Size0.22 Acres
Price / SF$95.22
Days on Market2
Property Features for 1200 E Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
12
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 11, Bathroom 2, Bedroom 12, Bedroom 6, Basement, Bedroom 7, Bedroom 10, Bedroom 9, Bedroom 3, Bedroom 4
Exterior features
Brick
Basement
Full
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
ON EAST BROAD ST. IN HAZLETON--HOME IS ON THE RIGHT SIDE CORNER OF FRANKLIN STREET AND BROAD
Subdivision
Hazleton Area
Standard status
Active
APN
71-U8NE14-003-002
Size
4,726 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7093
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
garden area
off street parking
Building Details
Roof type
Shingle
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Anabel Ramirez
(570) 861-9836
Added: Aug 25
Last Checked: Aug 26 at 1:06AM
MLS# 26-4321
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential duplex contains two brick units with six bedrooms on each side, for 12 bedrooms across 4,726 square feet. Both residences feature modern kitchens and bathrooms, while baseboard and hot-water heating serve the property. A basement, shingle roof, and public water supply are also included.
The corner property occupies 0.2241 acres and provides off-street parking behind the units. A garden area adds outdoor space for residents. Residential zoning supports the existing duplex configuration, with the layout allowing separate occupancy of the two sides.
The corner property occupies 0.2241 acres and provides off-street parking behind the units. A garden area adds outdoor space for residents. Residential zoning supports the existing duplex configuration, with the layout allowing separate occupancy of the two sides.
Key Highlights
- Two‑unit brick residence with 12 bedrooms across the property
- 4,726 square feet on a 0.2241‑acre corner parcel
- Six bedrooms on each side of the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,140
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,800
$762.8K
Cap Rate 7%
$544,857
$544.9K
Cap Rate 9%
$423,778
$423.8K
Market Conditions
NOI Build-Up for 4,726 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.5K $12.60/SF
− Vacancy
−$5.1K −$1.07/SF
EGI
$54.5K $11.53/SF
− OpEx
−$16.3K −$3.46/SF
NOI
$38.1K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,800
Cap Rate 7%
$544,857
Cap Rate 9%
$423,778
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,140 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$505.3K
$442.2K – $589.6K
NOI $35,373 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,804 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer modern kitchens and bathrooms, rear parking, and garden space on a corner parcel.
Where is this duplex located?
The property is located at 1200 E Broad Street Hazleton, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit brick residence with 12 bedrooms across the property; 4,726 square feet on a 0.2241‑acre corner parcel; Six bedrooms on each side of the duplex
