Two-Unit Duplex with Conversion
For Sale
$199,000
1211 Main Street, Dickson City, PA 18519
Both units are occupied, with the upper residence expected to become available for an owner-occupant or continued rental use.
Property Size1,562 SF
Days on Market148
Property Features for 1211 Main Street
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,344
Building Details
Building Size
1,562 SF
Year Built
1923
Listing Agency:
EXP Realty LLC
Listed By:
Xiomara Caraballo Mercado · License #RS370253
(570) 851-9475
Source:
Luxehomesnepa
Added: May 25
Changed: Oct 14
Last Checked: Oct 16 at 2:34PM
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.
Built in 1923, this duplex includes two separate units that are currently occupied by tenants. The second-floor unit is anticipated to open up soon, creating flexibility for an owner-occupant while retaining the property's two-unit configuration. The building can also be changed back into a single-family residence.
The property is located at 1211 Main St in Dickson City, near major shopping centers and a newly built hospital. Water, sewer, and gas are paid by the owner. The sale is strictly as-is, with any inspection- or financing-related repairs assigned to the buyer.
The property is located at 1211 Main St in Dickson City, near major shopping centers and a newly built hospital. Water, sewer, and gas are paid by the owner. The sale is strictly as-is, with any inspection- or financing-related repairs assigned to the buyer.
Key Highlights
- Two‑unit duplex built in 1923
- Both units currently have tenants
- Second‑floor unit expected to become vacant soon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,881
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,620
$257.6K
Cap Rate 7%
$184,014
$184.0K
Cap Rate 9%
$143,122
$143.1K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$19.7K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.4K $11.78/SF
− OpEx
−$5.5K −$3.53/SF
NOI
$12.9K $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%
$257,620
Cap Rate 7%
$184,014
Cap Rate 9%
$143,122
Alternative Uses
Best Use
Multifamily LT 5
$184.0K
$161.0K – $214.7K
NOI $12,881 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$172.0K
$150.5K – $200.7K
NOI $12,042 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$396.5K
$346.9K – $462.6K
NOI $27,753 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
607
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with the upper residence expected to become available for an owner-occupant or continued rental use.
Where is this duplex located?
The property is located at 1211 Main Street Dickson City, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1923; Both units currently have tenants; Second‑floor unit expected to become vacant soon
