Duplex with Detached
New
For Sale
$185,000
143 Elizabeth Street, Pittston, PA 18640
Multi-Family, Pittston, PA
Property Size2,076 SF
Lot Size0.13 Acres
Price / SF$89.11
Days on Market5
Property Features for 143 Elizabeth Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3
Parking features
Off Street
Exterior features
Vinyl
Basement
Concrete, Dirt Floor
Elementary school district
Pittston
Middle school district
Pittston
High school district
Pittston
Directions
From Plains, follow River Rd toward Pittston/ Main St. Turn left onto Cleveland St (Tomkins St), bear right and continue up to Cleveland St. Turn right onto Elizabeth St. Property at 143 Elizabeth St
Subdivision
Pittston
Standard status
Active
APN
72-E11SE1-049-008 72-E11SE1-049-007
Size
2,076 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2944
Utilities
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Classic Properties Kingston
(570) 718-4959
Listed By:
Tammy Lynn Heid Malloy
(570) 328-9120
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 21 at 9:06AM
MLS# 26-4147
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 duplex at 143 Elizabeth Street contains 2,076 square feet on a 0.132-acre lot in Pittston, Pennsylvania. The primary residence spans two stories and includes 2 bedrooms and 2 full bathrooms. A separate one-story unit provides an additional full bathroom. The property also includes a basement, front porch, gas baseboard heating, gas fireplace, vinyl exterior, and shingle roof.
Recent improvements include a new roof, siding, and gutters. A detached one-car garage supplements off-street parking, while public water serves the property. Zoned Multi-Family, the home is currently owner occupied and has no current rents.
Recent improvements include a new roof, siding, and gutters. A detached one-car garage supplements off-street parking, while public water serves the property. Zoned Multi-Family, the home is currently owner occupied and has no current rents.
Key Highlights
- 2,076‑square‑foot duplex on a 0.132‑acre lot
- Two‑story main unit with 2 bedrooms and 2 full bathrooms
- Separate one‑story unit with 1 full bathroom
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
$16,754
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
9.06%
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%
$335,080
$335.1K
Cap Rate 7%
$239,343
$239.3K
Cap Rate 9%
$186,156
$186.2K
Market Conditions
NOI Build-Up for 2,076 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
$26.2K $12.60/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$23.9K $11.53/SF
− OpEx
−$7.2K −$3.46/SF
NOI
$16.8K $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%
$335,080
Cap Rate 7%
$239,343
Cap Rate 9%
$186,156
Alternative Uses
Best Use
Multifamily LT 5
$239.3K
$209.4K – $279.2K
NOI $16,754 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,538 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$657.7K
$575.5K – $767.3K
NOI $46,037 @ 7.0% cap · market cap 24.88%
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
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
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-unit property with new exterior improvements, gas heat, a front porch, and off-street parking.
Where is this duplex located?
The property is located at 143 Elizabeth Street Pittston, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2,076‑square‑foot duplex on a 0.132‑acre lot; Two‑story main unit with 2 bedrooms and 2 full bathrooms; Separate one‑story unit with 1 full bathroom
