Two-Family Home: Investment
610 1st Street Matamoras, PA 18336
610 1st Street, Matamoras, PA, 18336
$329,000
For Sale
$329,000
MULTI_FAMILY - Other - Matamoras, PA
Property Size1,864 SF
Lot Size0.11 Acres
Price / SF$176.50
Days on Market333
Property Features for 610 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- Parking
- 2
- Parking features
- Off Street, Driveway
- Window features
- Double Pane Windows, Storm Window(s), Screens, Wood Frames
- Patio and Porch features
- Porch, Deck
- Interior features
- Built-in Features, Attic Storage, Walk-In Closet(s), On Site Septic, Eat-in Kitchen, Ceiling Fan(s)
- Exterior features
- Private Entrance, Private Yard
- Basement
- Exterior Entry, Partial, Unfinished
- Appliances
- Electric Oven, Range Hood, Water Heater, Refrigerator, Gas Range, Gas Oven, Electric Water Heater, Electric Range
- Standard status
- Active
- APN
- 083.06-02-18 007674
- Size
- 1,864 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5035
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Zoned, Baseboard, Forced Air, Varies by Unit (Heating), Natural Gas, Radiant, Electric (Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Asphalt, Vinyl Siding, Stone, Frame, Block
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Century 21 Geba Realty
(570) 296-8881
309 West Harford Street, Milford, PA
Listed by
Joyce Klimkiewicz · License #10491209677
(845) 665-5074
Added: Aug 20, 2025 Checked: Jul 18 at 8:06 am
MLS# PW-252744
Listing URL
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.
This two-family home presents an investment opportunity, suitable for living in one unit and renting out the other for additional income. Each unit features 2 bedrooms, 1 bath, and an eat-in kitchen. The units vary in amenities, including porches, decks, flooring, and driveway space. Situated on a spacious corner lot with a side yard, the property is conveniently located close to town, offering access to restaurants, parks, schools, shopping, and all essential services. It provides easy access to I-84 highway and is near the Port Jervis NY Metro North train station. Located in Matamoras, PA, a desirable borough in Pike County, the property is situated along the Delaware River, offering opportunities for river activities such as canoeing, kayaking, rafting, and fishing, as well as hiking trails. The location hosts seasonal community events throughout the year. This multi-family home offers potential in an area with high rental demand. The property size is 1864 square feet and the lot size is 0.11 acres.
Key Highlights
- Two‑family home built in 1960 with each unit offering 2 bedrooms and 1 bath
- Eat‑in kitchens in both units, with appliances including refrigerator, electric range, gas range, electric oven, and gas oven
- Utilities include cable available; water is public and sewer is via septic tank
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $28.2k | $15.15 |
| − OpEx | −$8.5k | −$4.54 |
| NOI | $19.8k | $10.60 |
1,864 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.3K
$247.1K – $329.4K
NOI $19,764 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$262.7K
$229.8K – $306.5K
NOI $18,387 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$454.9K
$398.0K – $530.7K
NOI $31,841 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit residential property in Matamoras, PA, ideal for investment.
Where is this duplex located?
The property is located at 610 1st Street Matamoras, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑family home built in 1960 with each unit offering 2 bedrooms and 1 bath; Eat‑in kitchens in both units, with appliances including refrigerator, electric range, gas range, electric oven, and gas oven; Utilities include cable available; water is public and sewer is via septic tank
