Updated Two-Unit
For Sale
$265,000
Pending
131 Lynch Street, Olyphant, PA 18447
Residential Income, Olyphant, PA
Property Size2,029 SF
Lot Size0.08 Acres
Days on Market48
Property Features for 131 Lynch Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
From W. Lackawanna Ave in Olyphant, turn left on to Delaware and left on to Cleveland St then right on to Susquehanna and left on to Lynch. The home will be on the left side.
Standard status
Pending
APN
11407040046
Size
2,029 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
30X110 Dolph Land Co L 20 B 3 W-03 B-013 L-009
Tax Annual Amount
2086
Legal Description
30X110 Dolph Land Co L 20 B 3 W-03 B-013 L-009
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
washer/dryer hookups
central air conditioning
forced hot air heat
spacious yard
off-street parking
Building Details
Year built
1958
Floors in Building
2
Number of units
2
Roof type
Wood, Composition
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Massiell Rivas-Lopez
(484) 506-6569
Added: Aug 3
Changed: Sep 12
Last Checked: Sep 19 at 2:06PM
MLS# SC263809
Copyright © 2026 Greater Scranton Board of Realtors MLS. 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.
Built in 1958, this 2,029-square-foot duplex contains two separately arranged apartments, each with two bedrooms and one bathroom. The interiors include refreshed kitchens, updated bathrooms, living areas, washer and dryer hookups, central air conditioning, and forced-air heating. Both units are currently occupied. The property sits on a level 0.08-acre lot with a yard and off-street parking. R2 zoning supports the existing residential configuration. The property is located in Olyphant near schools, shopping, restaurants, and major highways.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,029 square feet on a 0.08‑acre lot
- Both units are currently occupied
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
$16,733
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
6.31%
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%
$334,660
$334.7K
Cap Rate 7%
$239,043
$239.0K
Cap Rate 9%
$185,922
$185.9K
Market Conditions
NOI Build-Up for 2,029 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
$25.6K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$23.9K $11.78/SF
− OpEx
−$7.2K −$3.53/SF
NOI
$16.7K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
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%
$334,660
Cap Rate 7%
$239,043
Cap Rate 9%
$185,922
Alternative Uses
Best Use
Multifamily LT 5
$239.0K
$209.2K – $278.9K
NOI $16,733 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$223.5K
$195.5K – $260.7K
NOI $15,642 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$515.0K
$450.6K – $600.8K
NOI $36,050 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Both apartments are occupied and include updated kitchens, bathrooms, central air, and forced-air heat.
Where is this duplex located?
The property is located at 131 Lynch Street Olyphant, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,029 square feet on a 0.08‑acre lot; Both units are currently occupied
