Historic Triplex with Private
For Sale
$459,000
531 Main Street, Gouldsboro, PA 18424
MULTI_FAMILY - Other - Gouldsboro, PA
Property Size3,628 SF
Lot Size0.87 Acres
Price / SF$126.52
Days on Market99
Property Features for 531 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Exterior features
Private Yard, Storage
Basement
Unfinished, Storage Space
Elementary school district
North Pocono
Middle school district
North Pocono
High school district
North Pocono
Directions
main street gouldsboro located near train station
Standard status
Active
APN
14-0-0019-0036
Size
3,628 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Improvement Type: 3 Family Converted
Tax Annual Amount
5935
Legal Description
Improvement Type: 3 Family Converted
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Coldwell Banker Town & Country Properties Moscow · Coldwell Banker Real Estate
(570) 842-9531
Listed By:
Heather Kishel Team · License #RS279133
(570) 499-1443
Added: May 5
Changed: Aug 9
Last Checked: Aug 11 at 11:06PM
MLS# SC262000
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.
Historic triplex property built in 1880 offering three separate units. The home totals 3,628 square feet and includes multiple bedrooms and four bathrooms, plus a basement. Exterior features include a private yard and storage, providing practical outdoor and added-use space for a range of residential living setups.
Set on Main Street in Gouldsboro, the property is located in the center of town with easy access to local amenities and major routes. With three independent units, the layout supports owner-occupancy with rental income from the remaining units.
Zoned R1, this is a residential income opportunity with historic character and original features that may appeal to buyers seeking a property with restoration flexibility while maintaining an income-producing structure.
Set on Main Street in Gouldsboro, the property is located in the center of town with easy access to local amenities and major routes. With three independent units, the layout supports owner-occupancy with rental income from the remaining units.
Zoned R1, this is a residential income opportunity with historic character and original features that may appeal to buyers seeking a property with restoration flexibility while maintaining an income-producing structure.
Key Highlights
- Three separate units in a historic triplex built in 1880
- 3,628 square feet total area
- 0.87‑acre lot with private yard
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
$39,465
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
8.60%
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%
$789,300
$789.3K
Cap Rate 7%
$563,786
$563.8K
Cap Rate 9%
$438,500
$438.5K
Market Conditions
NOI Build-Up for 3,628 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
$61.0K $16.80/SF
− Vacancy
−$4.6K −$1.26/SF
EGI
$56.4K $15.54/SF
− OpEx
−$16.9K −$4.66/SF
NOI
$39.5K $10.88/SF
Area
Wayne County, PA
Vacancy
7.50%
Lease Rate
$16.80 /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%
$789,300
Cap Rate 7%
$563,786
Cap Rate 9%
$438,500
Alternative Uses
Best Use
Multifamily LT 5
$563.8K
$493.3K – $657.8K
NOI $39,465 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$488.3K
$427.3K – $569.7K
NOI $34,182 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 18424, PA
5,598
Population
4,031
Households
1.4
Avg Household Size
49
Median Age
22%
College-Educated
93%
High-School Grad
81.2 sq mi
ZIP Area
69
Density / Sq Mi
$62,192
Median Household Income
$37,167
Median Earnings
$994
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Historic triplex on Main Street with three separate units, private yard, and R1 zoning for residential use.
Where is this triplex located?
The property is located at 531 Main Street Gouldsboro, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Three separate units in a historic triplex built in 1880; 3,628 square feet total area; 0.87‑acre lot with private yard
