Two-Unit Duplex
For Sale
$219,000
607 S Valley Avenue, Olyphant, PA 18447
Residential Income, Olyphant, PA
Property Size1,992 SF
Lot Size0.07 Acres
Price / SF$109.94
Days on Market228
Property Features for 607 S Valley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Laminate Counters
Exterior features
Awning(s)
Basement
Crawl Space, Full, Concrete, Unfinished
Appliances
Electric Range, Washer, Refrigerator
View
City
Elementary school district
Mid-Valley School District
Middle school district
Mid-Valley School District
High school district
Mid-Valley School District
Directions
Lackawanna Avenue in Olyphant, cross over rail road tracks to S. Valley. Property is on left. To park, turn on E. Jefferson then Rose Ct. Property on right.
Standard status
Active
APN
11418020019
Size
1,992 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1488
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1912
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Linoleum
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
William Clauss · License #AB068616
(570) 470-4658
Added: Jan 23
Changed: Sep 2
Last Checked: Sep 8 at 1:06AM
MLS# PW-260150
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.
Located at 607 S Valley Avenue in Olyphant, this 1,992-square-foot duplex contains two distinct residential units on a 0.07-acre lot. The main residence spans two levels with living, dining, and kitchen areas downstairs, plus three bedrooms and a full bathroom above. The second unit is a ranch-style layout with one bedroom, an eat-in kitchen, two additional living or dining areas, and a full bathroom.
Built in 1912, the property includes a basement, porch, awning, laminate counters, and a mix of carpet, vinyl, and linoleum flooring. Electric range, refrigerator, and washer are included. Public water and public sewer serve the property, with natural-gas hot-water heating and ceiling-fan cooling. Residential zoning applies, and the property is situated within the Mid-Valley School District. Cosmetic updates are needed.
Built in 1912, the property includes a basement, porch, awning, laminate counters, and a mix of carpet, vinyl, and linoleum flooring. Electric range, refrigerator, and washer are included. Public water and public sewer serve the property, with natural-gas hot-water heating and ceiling-fan cooling. Residential zoning applies, and the property is situated within the Mid-Valley School District. Cosmetic updates are needed.
Key Highlights
- Two residential units totaling 1992 square feet
- Unit 1 offers a two‑story layout with 3 bedrooms and 1 full bathroom
- Unit 2 includes 1 bedroom, an eat‑in kitchen, and 2 living or dining areas
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
$16,427
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
7.50%
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%
$328,540
$328.5K
Cap Rate 7%
$234,671
$234.7K
Cap Rate 9%
$182,522
$182.5K
Market Conditions
NOI Build-Up for 1,992 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
$25.1K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.5K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.4K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
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%
$328,540
Cap Rate 7%
$234,671
Cap Rate 9%
$182,522
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,357 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 16.16%
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
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
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 - Separate living arrangements include a larger two-story residence and a compact ranch-style unit.
Where is this duplex located?
The property is located at 607 S Valley Avenue Olyphant, PA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two residential units totaling 1992 square feet; Unit 1 offers a two‑story layout with 3 bedrooms and 1 full bathroom; Unit 2 includes 1 bedroom, an eat‑in kitchen, and 2 living or dining areas
