Three-Unit Multifamily
For Sale
$350,000
Pending
1055 Carmalt Street, Dickson City, PA 18519
Residential Income, Dickson City, PA
Property Size2,756 SF
Lot Size0.11 Acres
Days on Market125
Property Features for 1055 Carmalt Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Basement
Parking features
On Street
Window features
Insulated Windows
Patio and Porch features
Deck, Porch
Basement
Block
Appliances
Dryer, Washer
Lot features
Not In Development
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
US Bus 6. slight right onto Hulls Creek Rd turn left onto Scott Rd continue onto Dundaff turn right onto Scott Rd, right onto Carmalt
Standard status
Pending
APN
11316060003
Size
2,756 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
30X165x20x83x10x82 W-03 B-021 L-002
Tax Annual Amount
2147
Legal Description
30X165x20x83x10x82 W-03 B-021 L-002
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Flooring type
Varies
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Shelby Hess · License #RS355195
(570) 470-6825
Added: May 19
Changed: Sep 12
Last Checked: Sep 20 at 6:06PM
MLS# SC262311
Copyright © 2026 Greater Scranton Board 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.
Investment Insights
Based on property information with market context.
This fully occupied three-unit multifamily property offers 2,756 square feet on a 0.11-acre lot. Built in 1940, the property features vinyl siding, a metal roof, natural gas heating, window and wall/window cooling units, and a mix of flooring. Separate utilities support distinct unit management, while washers and dryers are included. Outdoor features include a deck and porch.
The property is located in Dickson City, near hospitals, shopping, restaurants, and everyday services. Public water and public sewer serve the building, and parking is available on the street. The property is zoned R1 and includes bedrooms, three bathrooms, and a basement.
The property is located in Dickson City, near hospitals, shopping, restaurants, and everyday services. Public water and public sewer serve the building, and parking is available on the street. The property is zoned R1 and includes bedrooms, three bathrooms, and a basement.
Key Highlights
- Fully occupied three‑unit multifamily property
- 2,756 square feet on a 0.11‑acre lot
- Separate utilities for the individual units
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
$22,728
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
6.49%
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%
$454,560
$454.6K
Cap Rate 7%
$324,686
$324.7K
Cap Rate 9%
$252,533
$252.5K
Market Conditions
NOI Build-Up for 2,756 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
$34.7K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$32.5K $11.78/SF
− OpEx
−$9.7K −$3.53/SF
NOI
$22.7K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /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%
$454,560
Cap Rate 7%
$324,686
Cap Rate 9%
$252,533
Alternative Uses
Best Use
Multifamily LT 5
$324.7K
$284.1K – $378.8K
NOI $22,728 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,967 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied multifamily property with separated utilities, public services, and on-street parking.
Where is this triplex located?
The property is located at 1055 Carmalt Street Dickson City, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully occupied three‑unit multifamily property; 2,756 square feet on a 0.11‑acre lot; Separate utilities for the individual units
