Building Details

Buildings 3

Stories 2

Listing Agency: RE/MAX WAYNE a***@remaxwayne.com Show Phone

Listed By: Dominick Tufano · License #10301201924 Show Phone

Source: Exprealty

Added: Sep 2 Changed: Oct 27 Last Checked: Oct 30 at 7:51PM

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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.

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 / Yr

$29,200

Cap Rate

6.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,000 $584.0K

Cap Rate 7%

$417,143 $417.1K

Cap Rate 9%

$324,444 $324.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,754 SF

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 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 (±1% cap)

NOI $29,200 @ 7.0% cap · market cap 6.97%

Second Best

Apartment 5plus

$388.1K

$339.6K – $452.8K (±1% cap)

NOI $27,166 @ 7.0% cap · market cap 6.48%

Theoretical Best

Office A

$672.1K

$588.1K – $784.1K (±1% cap)

NOI $47,044 @ 7.0% cap · market cap 11.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Unit Home with Outdoor Space

610 1st Street, Matamoras, PA 18336

$324,000

1,864 SF

View details

Mixed-Use Commercial Building

15 Pennsylvania Avenue, Matamoras, PA 18336

$799,900

0.69 Acres

View details

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 $419,000.

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