3-Unit Residential Income
New
For Sale
$269,000
707 Mill Street, Dunmore, PA 18512
Residential Income, Dunmore, PA
Property Size3,057 SF
Lot Size0.17 Acres
Price / SF$87.99
Days on Market3
Property Features for 707 Mill Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Multi-Family
Bedrooms
8
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Subdivision
Dunmore Borough
Standard status
Active
APN
14619030036
Size
3,057 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
50X150 Bldg & Land W-03 B-0390 L-0040 P-00400
Tax Annual Amount
2229
Legal Description
50X150 Bldg & Land W-03 B-0390 L-0040 P-00400
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Electric (Heating), Steam
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Number of units
3
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
Chelsea Aleksich · License #RS328668
(570) 421-2890
Added: Aug 27
Last Checked: Aug 29 at 7:06AM
MLS# PM-144271
Copyright © 2026 Pocono Mountains 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 three-unit residential property in Dunmore provides 3,057 square feet of building area on a 0.17-acre parcel. The room inventory includes eight bedrooms, three bathrooms, and a basement, offering a multi-bedroom configuration across the property. Separate utilities are in place for the units, providing distinct utility arrangements for ongoing operations.
Constructed in 1930, the building has a shingle roof and is served by public water and public sewer. The property is located at 707 Mill Street in Dunmore, Lackawanna County, Pennsylvania, within postal code 18512. The existing layout and utility separation establish the core physical characteristics of this three-unit residential asset.
Constructed in 1930, the building has a shingle roof and is served by public water and public sewer. The property is located at 707 Mill Street in Dunmore, Lackawanna County, Pennsylvania, within postal code 18512. The existing layout and utility separation establish the core physical characteristics of this three-unit residential asset.
Key Highlights
- Three‑unit residential property with 3,057 SF of building area
- Eight bedrooms, three bathrooms, and a basement
- Separate utilities for the units
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
$23,567
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
8.76%
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%
$471,340
$471.3K
Cap Rate 7%
$336,671
$336.7K
Cap Rate 9%
$261,856
$261.9K
Market Conditions
NOI Build-Up for 3,057 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
$45.5K $14.88/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$42.8K $14.02/SF
− OpEx
−$19.3K −$6.31/SF
NOI
$23.6K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$471,340
Cap Rate 7%
$336,671
Cap Rate 9%
$261,856
Alternative Uses
Best Use
Multifamily LT 5
$360.1K
$315.1K – $420.2K
NOI $25,210 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$336.7K
$294.6K – $392.8K
NOI $23,567 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$775.9K
$678.9K – $905.3K
NOI $54,315 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
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 - Separate utilities, public water, and public sewer support straightforward property operations.
Where is this triplex located?
The property is located at 707 Mill Street Dunmore, PA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three‑unit residential property with 3,057 SF of building area; Eight bedrooms, three bathrooms, and a basement; Separate utilities for the units
