4-Unit Quadplex with Separate
For Sale
$349,000
Pending
810-812 Center Street, Throop, PA 18512
Residential Income, Throop, PA
Property Size2,806 SF
Lot Size0.12 Acres
Days on Market52
Property Features for 810-812 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r1
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Basement
Full
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
From Dunmore St turn onto Center St property is on the right.
Standard status
Pending
APN
12517040062
Size
2,806 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
43305
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Listing Agency:
RE/MAX Home Team · RE/MAX International
(570) 254-2244
Listed By:
John Michael Crotti
(570) 575-1938
Added: Jul 10
Changed: Aug 19
Last Checked: Aug 30 at 4:06AM
MLS# SC263318
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.
This 4-unit residential property contains 2,806 square feet and was built in 1970. The building includes a durable metal roof, separate utilities, and a basement. All four units are currently rented, providing an established occupancy profile for the property.
Located at 810-812 Center Street in Throop, Pennsylvania, the property sits on a 0.12-acre lot and carries r1 zoning. The layout includes multiple bedrooms and bathrooms across the four-unit configuration, with separate utility service supporting the individual residences.
Located at 810-812 Center Street in Throop, Pennsylvania, the property sits on a 0.12-acre lot and carries r1 zoning. The layout includes multiple bedrooms and bathrooms across the four-unit configuration, with separate utility service supporting the individual residences.
Key Highlights
- 4‑unit residential property with 2,806 square feet
- All four units are currently rented
- Separate utilities for the individual 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
$23,140
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
6.63%
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%
$462,800
$462.8K
Cap Rate 7%
$330,571
$330.6K
Cap Rate 9%
$257,111
$257.1K
Market Conditions
NOI Build-Up for 2,806 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
$35.4K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$33.1K $11.78/SF
− OpEx
−$9.9K −$3.53/SF
NOI
$23.1K $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%
$462,800
Cap Rate 7%
$330,571
Cap Rate 9%
$257,111
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.3K – $385.7K
NOI $23,140 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.5K
NOI $21,632 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,855 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
306
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented residential property with individual utility services and a durable metal roof.
Where is this quadplex located?
The property is located at 810-812 Center Street Throop, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 4‑unit residential property with 2,806 square feet; All four units are currently rented; Separate utilities for the individual units
