Brick Duplex with Six
For Sale
$450,000
1200-1202 E Broad Street, Hazleton, PA 18201
Multi-Family, Hazleton, PA
Property Size4,726 SF
Lot Size0.22 Acres
Price / SF$95.22
Days on Market19
Property Features for 1200-1202 E Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
12
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 10, Bedroom 1, Bedroom 9, Bathroom 3, Basement, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 11, Bedroom 12, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Exterior features
Brick
Basement
Full
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
ON EAST BROAD ST. IN HAZLETON--HOME IS ON THE RIGHT SIDE CORNER OF FRANKLIN STREET AND BROAD
Subdivision
Hazleton Area
Standard status
Active
APN
71-U8NE14-003-002
Size
4,726 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7093
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
garden area
Building Details
Roof type
Shingle
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Anabel Ramirez
(570) 861-9836
Added: Aug 25
Changed: Sep 12
Last Checked: Sep 12 at 4:06PM
MLS# 26-4321
Copyright © 2026 Luzerne County Association of REALTORS®. 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 brick duplex at 1200-1202 E Broad Street contains 4,726 square feet on a 0.2241-acre residential lot. Each side includes six bedrooms, with three bathrooms shown across the property. Interior features include modern kitchens and baths, while baseboard and hot-water heating serve the building. The property also has a shingle roof, public water, and basement space.
The corner site provides parking in front and additional off-street parking behind the units. A garden area adds exterior space, and the residential zoning supports the property's duplex configuration. Its layout offers two separate residential sides within one substantial structure.
The corner site provides parking in front and additional off-street parking behind the units. A garden area adds exterior space, and the residential zoning supports the property's duplex configuration. Its layout offers two separate residential sides within one substantial structure.
Key Highlights
- 4,726‑square‑foot brick duplex on a 0.2241‑acre lot
- Six bedrooms per side, with three bathrooms across the property
- Modern kitchens and bathrooms in both residential sides
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
$38,140
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
8.48%
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%
$762,800
$762.8K
Cap Rate 7%
$544,857
$544.9K
Cap Rate 9%
$423,778
$423.8K
Market Conditions
NOI Build-Up for 4,726 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
$59.5K $12.60/SF
− Vacancy
−$5.1K −$1.07/SF
EGI
$54.5K $11.53/SF
− OpEx
−$16.3K −$3.46/SF
NOI
$38.1K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
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%
$762,800
Cap Rate 7%
$544,857
Cap Rate 9%
$423,778
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,140 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$505.3K
$442.2K – $589.6K
NOI $35,373 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,804 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with updated kitchens and baths, baseboard and hot-water heating, plus front and rear parking.
Where is this duplex located?
The property is located at 1200-1202 E Broad Street Hazleton, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,726‑square‑foot brick duplex on a 0.2241‑acre lot; Six bedrooms per side, with three bathrooms across the property; Modern kitchens and bathrooms in both residential sides
