Occupied Triplex with Separate
For Sale
$350,000
Pending
1055 Carmalt St, Scranton, PA 18519
Three-unit rental property near hospitals, shopping, restaurants, and everyday services in Dickson City.
Property Size2,756 SF
Days on Market151
Property Features for 1055 Carmalt St
General Information
Standard status
Pending
Size
2,756 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,146
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Shelby Hess · License #RS355195
(570) 470-6825
Source:
Exprealty
Added: May 20
Changed: Oct 16
Last Checked: Oct 16 at 11:33AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
Located at 1055 Carmalt Street in Dickson City, this 2,756-square-foot triplex contains three residential units and was built in 1940. The property is fully occupied, providing an existing rental operation rather than vacant space to lease.
Each unit has separate utilities, supporting straightforward expense allocation and property administration. The location places the building near major hospitals, shopping, restaurants, and everyday essentials. The property may also be acquired with its sister property, creating an opportunity to purchase both assets together.
Each unit has separate utilities, supporting straightforward expense allocation and property administration. The location places the building near major hospitals, shopping, restaurants, and everyday essentials. The property may also be acquired with its sister property, creating an opportunity to purchase both assets together.
Key Highlights
- Fully occupied triplex with 3 residential units
- 2,756 square feet across the property
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,728
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit rental property near hospitals, shopping, restaurants, and everyday services in Dickson City.
Where is this triplex located?
The property is located at 1055 Carmalt St Scranton, 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 triplex with 3 residential units; 2,756 square feet across the property; Separate utilities for each unit
