Brick Duplex with Two
For Sale
$269,000
1-2 LOOMIS PARK RD, Hanover Township, PA 18706
Multi-Family, HANOVER TOWNSHIP, PA
Property Size2,880 SF
Lot Size0.34 Acres
Price / SF$93.40
Days on Market21
Property Features for 1-2 LOOMIS PARK RD
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
HANOVER AREA
Middle school district
HANOVER AREA
High school district
HANOVER AREA
Standard status
Active
Size
2,880 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
2025
Utilities
Heating system
Electric (Heating), Baseboard
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
(856) 616-2626
Listed By:
Alexander Schwartz
(570) 351-5242
Added: Oct 3
Changed: Oct 21
Last Checked: Oct 23 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,880-square-foot duplex contains two residences: one with 3 bedrooms and 1 bathroom, and a second with 3 bedrooms and 1.5 bathrooms. The brick building was constructed in 1950 and has a basement. Recent renovations and hardwood flooring are among its interior features.
The property occupies 0.34 acres in Hanover Township, Pennsylvania. One unit is occupied and the other is vacant. Heating is electric with baseboard distribution, and parking is on the street.
The property occupies 0.34 acres in Hanover Township, Pennsylvania. One unit is occupied and the other is vacant. Heating is electric with baseboard distribution, and parking is on the street.
Key Highlights
- Two‑unit duplex with 2,880 square feet of building area
- Unit mix: 3BR/1Bath and 3BR/1.5Bath
- 0.34‑acre lot in Hanover Township, PA
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
NOI $23,242 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$307.9K
$269.5K – $359.3K
NOI $21,556 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 23.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recently updated interiors feature hardwood flooring, with one residence occupied and the other vacant.
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‑unit duplex with 2,880 square feet of building area; Unit mix: 3BR/1Bath and 3BR/1.5Bath; 0.34‑acre lot in Hanover Township, PA
