Duplexes with Large
For Sale
$407,500
489-491 Church Street, Swoyersville, PA 18704
Multi-Family, Swoyersville, PA
Property Size2,426 SF
Lot Size0.40 Acres
Price / SF$167.97
Days on Market44
Property Features for 489-491 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street
Exterior features
Aluminum
Basement
Concrete, Full
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
North on Rt. 309 (Cr Valley Expwy) to Exit 4, bear right, thru light and immedtely bear left onto Welles St, cross Wyo Ave at next light, becomes Slocum, after RR, rt @ nxt stop onto Church, on right.
Subdivision
Kingston-Forty Fort-Swoyersville
Standard status
Active
APN
59-F9SE3024010
Size
2,426 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
2485
Utilities
Heating system
Steam, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Classic Properties Kingston
(570) 718-4959
Listed By:
Steve Shemo · License #RS202798L
(570) 793-9449
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 1:06AM
MLS# 26-1798
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 property contains 2,426 square feet on a 0.4017-acre parcel at 489-491 Church Street in Swoyersville, Pennsylvania. The building is fully rented and includes separate utilities for the two units. Residential zoning, public water service, aluminum exterior siding, and a shingle roof are documented. Heating includes hot water, steam, and baseboard systems.
A detached or accessory garage provides 4–8 vehicle capacity with a 12-foot ceiling and includes space identified for a vehicle lift. The site offers off-street parking for at least 15 vehicles, along with a 250-foot lot dimension. The property is located in Luzerne County within postal code 18704.
A detached or accessory garage provides 4–8 vehicle capacity with a 12-foot ceiling and includes space identified for a vehicle lift. The site offers off-street parking for at least 15 vehicles, along with a 250-foot lot dimension. The property is located in Luzerne County within postal code 18704.
Key Highlights
- 2,426‑square‑foot duplex property on a 0.4017‑acre parcel
- 4–8 car garage with a 12' ceiling and vehicle lift room potential
- At least 15‑vehicle off‑street parking capacity
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
$19,579
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
4.80%
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%
$391,580
$391.6K
Cap Rate 7%
$279,700
$279.7K
Cap Rate 9%
$217,544
$217.5K
Market Conditions
NOI Build-Up for 2,426 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
$30.6K $12.60/SF
− Vacancy
−$2.6K −$1.07/SF
EGI
$28.0K $11.53/SF
− OpEx
−$8.4K −$3.46/SF
NOI
$19.6K $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%
$391,580
Cap Rate 7%
$279,700
Cap Rate 9%
$217,544
Alternative Uses
Best Use
Multifamily LT 5
$279.7K
$244.7K – $326.3K
NOI $19,579 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$768.6K
$672.5K – $896.7K
NOI $53,799 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
433
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
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 - Fully leased two-unit property with separate utilities, off-street parking, and a substantial accessory garage.
Where is this duplex located?
The property is located at 489-491 Church Street Swoyersville, PA.
What is the asking price?
The asking price for this property is $407,500.
What are key features of this property?
This property features: 2,426‑square‑foot duplex property on a 0.4017‑acre parcel; 4–8 car garage with a 12' ceiling and vehicle lift room potential; At least 15‑vehicle off‑street parking capacity
