Duplex With Updated Second-Floor
For Sale
$184,000
Pending
116 Dunmore Street, Throop, PA 18512
MULTI_FAMILY - Throop, PA
Property Size1,850 SF
Lot Size0.15 Acres
Days on Market99
Property Features for 116 Dunmore Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Driveway
Patio and Porch features
Porch
Basement
Walk-Out Access, Exterior Entry, Full, Interior Entry, Walk-Up Access
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
North Blakely Street to Sanderson Ave, left onto Dunmore Street, house on left. Theres a driveway.
Standard status
Pending
APN
13605030018
Size
1,850 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X165 Bldg & Land W-04 B-0970 L-0220 P-02100
Tax Annual Amount
1827
Legal Description
40X165 Bldg & Land W-04 B-0970 L-0220 P-02100
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Oil
Water source
Public
Amenities
covered front porches
oversized attic
concrete driveway
large backyard
refrigerator and stove
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Stucco
Roof type
Composition
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
Robert J Vanston · License #RM046573A
(570) 840-0152
Added: May 8
Changed: Aug 1
Last Checked: Aug 14 at 2:06PM
MLS# SC262076
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 up-and-down duplex in Throop offers a straightforward two-unit layout with two bedrooms and one full bath in each unit, plus covered front porches. The second-floor apartment has been recently updated with new flooring, and additional flooring will be included in the sale. Additional usable space includes an oversized attic for storage or potential expansion. A new roof was installed within the last two years, and the property also features a concrete driveway.
The home sits on a 45x165 lot (0.15 acres) with a large backyard suitable for outdoor space, gardening, or additional parking. The duplex totals 1,850 square feet and was built in 1930. Construction is stucco, with composition roofing. Heating is electric and oil, and each unit is served by separate utilities for heat and electricity. Public water and public sewer are available, and each unit includes a refrigerator and stove.
Zoned R1, this configuration can support either tenant-occupied living or owner-occupancy with rental income from the second unit.
The home sits on a 45x165 lot (0.15 acres) with a large backyard suitable for outdoor space, gardening, or additional parking. The duplex totals 1,850 square feet and was built in 1930. Construction is stucco, with composition roofing. Heating is electric and oil, and each unit is served by separate utilities for heat and electricity. Public water and public sewer are available, and each unit includes a refrigerator and stove.
Zoned R1, this configuration can support either tenant-occupied living or owner-occupancy with rental income from the second unit.
Key Highlights
- Up‑and‑down duplex with two bedrooms and one full bath per unit
- Second‑floor apartment recently updated with new flooring; additional flooring included
- New roof installed within the last two years
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
$15,256
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
8.29%
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%
$305,120
$305.1K
Cap Rate 7%
$217,943
$217.9K
Cap Rate 9%
$169,511
$169.5K
Market Conditions
NOI Build-Up for 1,850 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
$23.3K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.8K $11.78/SF
− OpEx
−$6.5K −$3.53/SF
NOI
$15.3K $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%
$305,120
Cap Rate 7%
$217,943
Cap Rate 9%
$169,511
Alternative Uses
Best Use
Multifamily LT 5
$217.9K
$190.7K – $254.3K
NOI $15,256 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$203.7K
$178.3K – $237.7K
NOI $14,262 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
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?
Duplex - R1 duplex with separate utilities for heat and electricity, two bedrooms and one full bath per unit, and covered front porches.
Where is this duplex located?
The property is located at 116 Dunmore Street Throop, PA.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: Up‑and‑down duplex with two bedrooms and one full bath per unit; Second‑floor apartment recently updated with new flooring; additional flooring included; New roof installed within the last two years
