161 N Main Street Plains, PA 18705
MULTI_FAMILY - Plains, PA
- Added:
- May 6, 2026
- Days on Market:
- 68
- Last Refresh:
- Jul 12 at 8:06 pm
Property Features for 161 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Apartment Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Basement
- Parking features
- Off Street
- Exterior features
- Aluminum
- Basement
- Dirt Floor, Concrete, Full
- Standard status
- Active
- APN
- 50-G10NE4022001
- Size
- 1,792 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2221
Utilities
- Heating system
- Steam
- Water source
- Public
Building Details
- Roof type
- Shingle
Listing agent Steve Shemo License #RS202798L (570) 793-9449
Listing office Classic Properties Kingston 392 Wyoming Ave, Clarks Summit, PA (570) 718-4959
Listing date May 6, 2026
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.
The property is located at 161 N Main Street in Plains, Pennsylvania, within Apartment Residential zoning. The site is sized at 0.2215 acres, providing a compact footprint with the residential duplex structure and detached garage on the corner.
For buyers seeking a straightforward residential income setup, the current occupancy provides immediate rental continuity with one unit, while the vacant unit allows flexibility for a new lease from day one. The duplex configuration and detached garage can also appeal to tenants looking for convenient, practical daily living space within a single property.
Key Highlights
- Solid duplex with basement and 3 total bedrooms across two units
- 2nd‑floor unit is 1BR and currently vacant, offering a choice for occupancy
- 1st‑floor unit is rented as a 2BR unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $12.60 |
| − Vacancy | −$1.9k | −$1.07 |
| EGI | $20.7k | $11.53 |
| − OpEx | −$6.2k | −$3.46 |
| NOI | $14.5k | $8.07 |
