Two-Story Duplex With
For Sale
$424,000
1042 Delaware Dr, Matamoras, PA 18336
Multifamily residence with a workshop, barn, pond, and open field on a country property.
Property Size2,754 SF
Price / SF$153.96
Days on Market14
Property Features for 1042 Delaware Dr
General Information
Standard status
Active
Size
2,754 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,332
Amenities
pond
Building Details
Buildings
3
Stories
2
Listing Agency:
RE/MAX WAYNE
(570) 253-9566
Listed By:
Dominick Tufano · License #10301201924
(914) 443-7622
Source:
Exprealty
Added: Sep 2
Changed: Sep 10
Last Checked: Sep 14 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX WAYNE
Investment Insights
Based on property information with market context.
This two-story farmhouse has been converted to a duplex with one residence on the first floor and a separate unit above. The property includes two substantial accessory structures that expand its functional capacity. A former milking station is configured as a contractor’s workshop with electric service, heat, and water. A separate barn offers two stories, three bays, and additional storage or workspace.
Set on 3+ acres at 1042 Delaware Dr in Matamoras, PA, the property also includes a pond and a large open field. Its combination of multifamily accommodations, utility-equipped workspace, outbuildings, and open land supports a range of residential and property-use needs.
Set on 3+ acres at 1042 Delaware Dr in Matamoras, PA, the property also includes a pond and a large open field. Its combination of multifamily accommodations, utility-equipped workspace, outbuildings, and open land supports a range of residential and property-use needs.
Key Highlights
- Two‑story farmhouse converted into a duplex with separate first- and second‑floor units
- 3+ acres with a pond and large open field
- Former milking station used as a contractor’s workshop
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
$29,200
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
6.89%
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%
$584,000
$584.0K
Cap Rate 7%
$417,143
$417.1K
Cap Rate 9%
$324,444
$324.4K
Market Conditions
NOI Build-Up for 2,754 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
$44.6K $16.20/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$41.7K $15.15/SF
− OpEx
−$12.5K −$4.54/SF
NOI
$29.2K $10.60/SF
Area
Pike County, PA
Vacancy
6.50%
Lease Rate
$16.20 /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%
$584,000
Cap Rate 7%
$417,143
Cap Rate 9%
$324,444
Alternative Uses
Best Use
Multifamily LT 5
$417.1K
$365.0K – $486.7K
NOI $29,200 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$672.1K
$588.1K – $784.1K
NOI $47,044 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 18336, PA
3,707
Population
2,002
Households
1.9
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
322
Density / Sq Mi
$71,420
Median Household Income
$41,849
Median Earnings
$1,215
Median Rent
$244,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Multifamily residence with a workshop, barn, pond, and open field on a country property.
Where is this duplex located?
The property is located at 1042 Delaware Dr Matamoras, PA.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: Two‑story farmhouse converted into a duplex with separate first- and second‑floor units; 3+ acres with a pond and large open field; Former milking station used as a contractor’s workshop
