Occupied Triplex with Separate
For Sale
$350,000
1055 Carmalt St, Scranton, PA 18519
Three-unit rental property near hospitals, shopping, restaurants, and everyday services in Dickson City.
Property Size2,756 SF
Price / SF$126
Days on Market104
Property Features for 1055 Carmalt St
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,792
Listing Agency:
EXP Realty LLC
(570) 470-6825
Listed By:
Shelby Hess · License #RS355195
(570) 470-6825
Source:
Exprealty
Added: May 20
Changed: Aug 30
Last Checked: Jul 4 at 9:44PM
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
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 = 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
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
