Duplex with Large
For Sale
$299,900
Pending
201-203 Erie Street, White Haven, PA 18661
MULTI_FAMILY - Other - White Haven, PA
Property Size3,383 SF
Lot Size0.11 Acres
Days on Market37
Property Features for 201-203 Erie Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 5
Parking features
On Street
Window features
Wood Frames, Screens
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Storage, Attic Finished, Eat-in Kitchen, Chandelier
Exterior features
Lighting, Rain Gutters
Appliances
Electric Range, Refrigerator
Lot features
Cleared, Not In Development, Level, Corner Lot
Elementary school district
Crestwood
Middle school district
Crestwood
High school district
Crestwood
Directions
Take 940W over River, then Left onto Towanda St. Turn Right onto Erie St. 201-203 on Right.
Standard status
Pending
APN
68-P12NW3-009-006-000
Size
3,383 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1807
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Steam
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
front porch
large yard
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Laminate, Wood
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Redstone Run Realty, LLC
(570) 390-4646
Listed By:
Anna Weidenbaum · License #RS129801A
(570) 390-4646
Added: Jul 7
Changed: Aug 5
Last Checked: Aug 12 at 9:06AM
MLS# PW-262244
Copyright © 2026 Pike/Wayne Association 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.
This well-maintained duplex at 201-203 Erie Street is set up for either owner-occupancy or income generation, with two separate units currently fully occupied on month-to-month leases. Each spacious unit features three bedrooms, one full bathroom on the second floor, and a convenient half bath on the main level. The property includes a welcoming front porch and a large yard, with ceiling fans, storage, and an eat-in kitchen among the interior features. Heating includes steam and electric heating, with natural gas also listed as a heating source. Appliances include an electric range and refrigerator. Exterior features include rain gutters and lighting, and the roof is asphalt. Water is public, and sewer is public sewer.
Tenants are responsible for all utilities and yard maintenance, except for the Borough garbage and recycling service. Parking is on-street. Showings are available on a limited basis due to tenant occupancy, so appointment scheduling in advance is recommended.
The lot size is 0.11 acres, and the property size is 3,383 square feet. The property is zoned Residential.
Tenants are responsible for all utilities and yard maintenance, except for the Borough garbage and recycling service. Parking is on-street. Showings are available on a limited basis due to tenant occupancy, so appointment scheduling in advance is recommended.
The lot size is 0.11 acres, and the property size is 3,383 square feet. The property is zoned Residential.
Key Highlights
- 0.11‑acre lot with 3,383 SF total building area
- Two‑unit duplex fully occupied with tenants on month‑to‑month leases
- Each unit has 3 bedrooms plus 1 full bath (second floor) and 1 half bath (main level)
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
$27,302
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
9.10%
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%
$546,040
$546.0K
Cap Rate 7%
$390,029
$390.0K
Cap Rate 9%
$303,356
$303.4K
Market Conditions
NOI Build-Up for 3,383 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
$42.6K $12.60/SF
− Vacancy
−$3.6K −$1.07/SF
EGI
$39.0K $11.53/SF
− OpEx
−$11.7K −$3.46/SF
NOI
$27.3K $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%
$546,040
Cap Rate 7%
$390,029
Cap Rate 9%
$303,356
Alternative Uses
Best Use
Multifamily LT 5
$390.0K
$341.3K – $455.0K
NOI $27,302 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$361.7K
$316.5K – $422.0K
NOI $25,321 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.07M
$937.8K – $1.25M
NOI $75,021 @ 7.0% cap · market cap 25.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 18661, PA
5,611
Population
3,644
Households
1.5
Avg Household Size
52
Median Age
21%
College-Educated
96%
High-School Grad
121.2 sq mi
ZIP Area
46
Density / Sq Mi
$68,795
Median Household Income
$42,500
Median Earnings
$1,231
Median Rent
$182,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two occupied units and tenant-paid utilities, plus a porch and large yard in White Haven.
Where is this duplex located?
The property is located at 201-203 Erie Street White Haven, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 0.11‑acre lot with 3,383 SF total building area; Two‑unit duplex fully occupied with tenants on month‑to‑month leases; Each unit has 3 bedrooms plus 1 full bath (second floor) and 1 half bath (main level)
