Multifamily Property with In-Law
For Sale
$369,000
36 Longdale Avenue, Shavertown, PA 18708
MULTI_FAMILY - Shavertown, PA
Property Size2,559 SF
Lot Size0.46 Acres
Price / SF$144.20
Days on Market57
Property Features for 36 Longdale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 5, Basement
Parking features
Off Street
Exterior features
Vinyl
Basement
Full, Concrete
Elementary school district
Dallas
Middle school district
Dallas
High school district
Dallas
Directions
Take Rte. 309 to East Franklin and turn right, turn left on Lawn Avenue to Longdale Ave. House will be set back and on your left.
Subdivision
Back Mountain
Standard status
Active
APN
E8S7005006-35
Size
2,559 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
All Personal Property
Tax Annual Amount
4191
Legal Description
All Personal Property
Utilities
Heating system
Electric (Heating), Baseboard, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Roof type
Shingle
Listing Agency:
Classic Properties Back Mountain · Century 21 Real Estate
(570) 696-1195
Listed By:
Robert Bilbow · License #RS346909
(570) 696-5419
Added: Jun 29
Changed: Aug 13
Last Checked: Aug 24 at 12:06PM
MLS# 26-474
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 2,559-square-foot multifamily property, built in 1953, includes a primary residence with four bedrooms and two bathrooms, plus an in-law suite that can function as a one- or two-bedroom, one-bath apartment. The interiors are described as well maintained, with comfortable living areas and a practical layout. Vinyl siding, a shingle roof, central air, and electric heating with baseboard and forced-air systems are among the property features.
The property occupies 0.4568 acres in a residential-zoned setting. Public water serves the building, and off-street parking is available. A basement is also included, adding functional space to the existing configuration.
The property occupies 0.4568 acres in a residential-zoned setting. Public water serves the building, and off-street parking is available. A basement is also included, adding functional space to the existing configuration.
Key Highlights
- 2,559 square feet on 0.4568 acres
- Primary residence includes 4 bedrooms and 2 bathrooms
- In‑law suite can serve as a 1‑2 bedroom, 1‑bath apartment
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
$20,652
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
5.60%
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%
$413,040
$413.0K
Cap Rate 7%
$295,029
$295.0K
Cap Rate 9%
$229,467
$229.5K
Market Conditions
NOI Build-Up for 2,559 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
$32.2K $12.60/SF
− Vacancy
−$2.7K −$1.07/SF
EGI
$29.5K $11.53/SF
− OpEx
−$8.9K −$3.46/SF
NOI
$20.7K $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%
$413,040
Cap Rate 7%
$295,029
Cap Rate 9%
$229,467
Alternative Uses
Best Use
Multifamily LT 5
$295.0K
$258.2K – $344.2K
NOI $20,652 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$273.6K
$239.4K – $319.2K
NOI $19,154 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$810.7K
$709.4K – $945.8K
NOI $56,748 @ 7.0% cap · market cap 15.38%
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
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 18708, PA
8,988
Population
4,174
Households
2.2
Avg Household Size
48
Median Age
50%
College-Educated
98%
High-School Grad
16.0 sq mi
ZIP Area
562
Density / Sq Mi
$95,480
Median Household Income
$55,118
Median Earnings
$1,085
Median Rent
$246,900
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?
Multifamily property - Two living areas provide flexibility for extended household use or separate apartment occupancy.
Where is this multifamily property located?
The property is located at 36 Longdale Avenue Shavertown, PA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,559 square feet on 0.4568 acres; Primary residence includes 4 bedrooms and 2 bathrooms; In‑law suite can serve as a 1‑2 bedroom, 1‑bath apartment
