Two-Unit Farmhouse with
For Sale
$424,000
1042 Delaware Drive, Matamoras, PA 18336
Residential Income, Matamoras, PA
Property Size2,754 SF
Lot Size3.92 Acres
Price / SF$153.96
Days on Market48
Property Features for 1042 Delaware Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bedroom 4
Parking
13
Parking features
Garage, Driveway, Parking Lot, Off Street, Paved or Surfaced
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, On Site Septic
Exterior features
Storage
Basement
Unfinished
Lot features
Back Yard, Views, Open Lot, Pond on Lot, Pasture
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
I84 to Matamoras Exit, Pennsylvania Ave to Delaware Dr
Standard status
Active
APN
067.03-01-30 002131
Size
2,754 SF
Lot size
3.92 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5333
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Hot Water(Heating)
Water front
1
Amenities
pond
open field
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Combination
Building materials
Frame, Vinyl Siding
Roof type
Membrane, Asbestos Shingle
Architectural style
Other
Additional Structures
Storage, Arena
Listing Agency:
RE/MAX WAYNE · RE/MAX International
(570) 253-9566
Listed By:
Dominick Tufano
(914) 443-7622
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 19 at 12:06AM
MLS# PW-263061
Copyright © 2026 Pike/Wayne Association 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.
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Investment Insights
Based on property information with market context.
Set on 3.92 acres at 1042 Delaware Drive, this residential duplex includes a two-story frame farmhouse with a first-floor unit and a distinct second-floor unit. The 2,754-square-foot residence features wood, carpet, and combination flooring, eat-in kitchens, two bathrooms, basement space, porches, and hot-water baseboard heating. The home was built in 1901 and is served by a septic tank and on-site septic system.
Two substantial accessory buildings expand the property's utility. One former milking facility is configured as a contractor's workshop with electric, heat, and water. A separate two-story barn provides three bays for storage or workspace. The grounds include a pond and open field, while parking is provided by a garage, paved and off-street areas, a parking lot, and a driveway. Residential zoning applies.
Two substantial accessory buildings expand the property's utility. One former milking facility is configured as a contractor's workshop with electric, heat, and water. A separate two-story barn provides three bays for storage or workspace. The grounds include a pond and open field, while parking is provided by a garage, paved and off-street areas, a parking lot, and a driveway. Residential zoning applies.
Key Highlights
- Duplex residence contains separate first‑floor and second‑floor units
- 2,754 square feet on 3.92 acres
- Workshop building includes electric, heat, and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,200
Cap Rate
6.89%
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
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
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.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
65
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
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with two separate units, substantial accessory buildings, and a flexible rural property layout.
Where is this duplex located?
The property is located at 1042 Delaware Drive 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: Duplex residence contains separate first‑floor and second‑floor units; 2,754 square feet on 3.92 acres; Workshop building includes electric, heat, and water
