Building Details

Year built 1950

Number of units 2

Building materials Brick

Architectural style Other

Listing Agency: RE/MAX Preferred - Cherry Hill · RE/MAX International p***@njpreferredhomes.com Show Phone

Listed By: Alexander Schwartz · License #2298248 Show Phone

Added: Oct 3 Changed: Oct 7 Last Checked: Oct 9 at 10:06AM

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MLS# PALU2003364

Copyright © 2026 Bright 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 2,880-square-foot brick duplex, built in 1950, contains two three-bedroom units: one with a full bath and the other with a full and half bath. The property has been recently renovated, with hardwood flooring throughout. Electric baseboard heat serves the building, and a basement room is also present.

The duplex occupies a 0.34-acre lot in Hanover Township. One unit is occupied and the other is vacant. Parking is on the street.

Key Highlights

• Two three‑bedroom units: one with 1 bath and one with 1.5 baths
• 2,880 square feet in a brick building
• 0.34‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,242

Cap Rate

8.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$464,840 $464.8K

Cap Rate 7%

$332,029 $332.0K

Cap Rate 9%

$258,244 $258.2K

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$36.3K $12.60/SF

− Vacancy

−$3.1K −$1.07/SF

EGI

$33.2K $11.53/SF

− OpEx

−$10.0K −$3.46/SF

NOI

$23.2K $8.07/SF

Area

Luzerne County, PA

Vacancy

8.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$464,840

Cap Rate 7%

$332,029

Cap Rate 9%

$258,244

Alternative Uses

Best Use

Multifamily LT 5

$332.0K

$290.5K – $387.4K (±1% cap)

NOI $23,242 @ 7.0% cap · market cap 8.64%

Second Best

Apartment 5plus

$307.9K

$269.5K – $359.3K (±1% cap)

NOI $21,556 @ 7.0% cap · market cap 8.01%

Theoretical Best

Office A

$912.4K

$798.3K – $1.06M (±1% cap)

NOI $63,867 @ 7.0% cap · market cap 23.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Building Supply Auto Parts Store Electrical Service Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Explore this area Business Placement

Demographics for 18706, PA

16,338

Population

7,675

Households

2.1

Avg Household Size

43

Median Age

20%

College-Educated

91%

High-School Grad

26.3 sq mi

ZIP Area

621

Density / Sq Mi

$57,546

Median Household Income

$38,381

Median Earnings

$883

Median Rent

$121,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two three-bedroom residences provide different bath configurations for a range of rental arrangements.

Where is this duplex located?

The property is located at 1-2 LOOMIS PARK RD Hanover Township, 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: Two three‑bedroom units: one with 1 bath and one with 1.5 baths; 2,880 square feet in a brick building; 0.34‑acre lot