Mixed-Use Building with
For Sale
$650,000
271 Wyoming Avenue, Kingston, PA 18704
Commercial Sale, Kingston, PA
Property Size3,650 SF
Lot Size0.14 Acres
Price / SF$178.08
Days on Market81
Property Features for 271 Wyoming Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Rooms
Basement
Parking
6
Parking features
Off Street, On Street
Security features
Security
Fencing
Chain Link
Basement
Finished, Concrete, Full
Lot features
Paved
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Straight down Wyoming ave in Kingston, the building is located across the street from the Hoyt Library, And Kiefer Army Navy
Standard status
Active
APN
34-G9SE4-010-013
Size
3,650 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
34-6-54-6 271 Wyoming Ave
Tax Annual Amount
4135
Legal Description
34-6-54-6 271 Wyoming Ave
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric, Gas (Cooling)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood, Vinyl
Building materials
Attic/Crawl Hatchway(s) Insulated, Concrete, Brick
Roof type
Rubber
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Bobby Jo Engle
(570) 407-7591
Added: Jun 29
Changed: Sep 12
Last Checked: Sep 17 at 9:06PM
MLS# SC263090
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.
Located at 271 Wyoming Avenue in Kingston, Pennsylvania, this mixed-use property contains a barbershop on the commercial level and two two-bedroom, one-bathroom apartments upstairs. A third rental unit may also be developed. The building includes 3,650 square feet on a 0.14-acre lot and dates to 1900.
The barbershop has operated for approximately 10 years and includes 9 chairs, with 6/9 chairs rented. The two existing apartments have long-term tenants. Property features include a basement, tile, vinyl and hardwood flooring, a rubber roof, central heating, central air, natural gas service, off-street and on-street parking, public water, and public sewer. C2 zoning supports the mixed-use classification.
The barbershop has operated for approximately 10 years and includes 9 chairs, with 6/9 chairs rented. The two existing apartments have long-term tenants. Property features include a basement, tile, vinyl and hardwood flooring, a rubber roof, central heating, central air, natural gas service, off-street and on-street parking, public water, and public sewer. C2 zoning supports the mixed-use classification.
Key Highlights
- 3,650‑square‑foot mixed‑use property on a 0.14‑acre lot
- Barbershop operating for approximately 10 years with 9 chairs; 6/9 chairs rented
- Two 2‑bedroom, 1‑bathroom apartments on the second floor
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
$36,135
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
5.56%
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%
$722,700
$722.7K
Cap Rate 7%
$516,214
$516.2K
Cap Rate 9%
$401,500
$401.5K
Market Conditions
NOI Build-Up for 3,650 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
$65.7K $18.00/SF
− Vacancy
−$7.9K −$2.16/SF
EGI
$57.8K $15.84/SF
− OpEx
−$21.7K −$5.94/SF
NOI
$36.1K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$722,700
Cap Rate 7%
$516,214
Cap Rate 9%
$401,500
Alternative Uses
Best Use
Mixed Use
$516.2K
$451.7K – $602.3K
NOI $36,135 @ 7.0% cap · market cap 5.56%
Second Best
Retail
$433.6K
$379.4K – $505.9K
NOI $30,353 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,942 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
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?
Mixed-use property - Commercial building combines a barbershop with upper-level residential units and C2 zoning.
Where is this mixed-use property located?
The property is located at 271 Wyoming Avenue Kingston, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,650‑square‑foot mixed‑use property on a 0.14‑acre lot; Barbershop operating for approximately 10 years with 9 chairs; 6/9 chairs rented; Two 2‑bedroom, 1‑bathroom apartments on the second floor
