Two-Unit
For Sale
$199,000
1211 Main Street, Dickson City, PA 18519
Residential Income, Dickson City, PA
Property Size1,562 SF
Lot Size0.19 Acres
Price / SF$127.40
Days on Market103
Property Features for 1211 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Basement, Bedroom 3, Bathroom 1, Bathroom 2
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
Boulevard and main st, house on the left
Standard status
Active
APN
11413020035
Size
1,562 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50X165 W-03 B-026 L-012
Tax Annual Amount
1344
Legal Description
50X165 W-03 B-026 L-012
Utilities
Heating system
Baseboard
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Xiomara Caraballo Mercado · License #RS370253
(570) 851-9475
Added: May 25
Changed: Sep 2
Last Checked: Sep 4 at 12:06PM
MLS# SC262507
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 duplex contains two residential units within a 1,562-square-foot property built in 1923. Both units are currently occupied, while the second-floor residence is expected to become available soon. The layout may also be changed back to a single-family residence, providing an alternative use configuration.
The property occupies 0.19 acres at 1211 Main Street in Dickson City, Pennsylvania. Baseboard heating serves the building, and the owner currently pays water, sewer, and gas expenses. The sale is offered as-is, with any inspection- or financing-related repairs assigned to the buyer. Shopping centers and a newly built hospital are located nearby.
The property occupies 0.19 acres at 1211 Main Street in Dickson City, Pennsylvania. Baseboard heating serves the building, and the owner currently pays water, sewer, and gas expenses. The sale is offered as-is, with any inspection- or financing-related repairs assigned to the buyer. Shopping centers and a newly built hospital are located nearby.
Key Highlights
- Two residential units in a 1,562‑square‑foot duplex
- Both units currently tenant‑occupied
- Second‑floor unit expected to become vacant soon
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
$12,881
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
6.47%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residential property with a second-floor vacancy anticipated and residential zoning in place.
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 residential units in a 1,562‑square‑foot duplex; Both units currently tenant‑occupied; Second‑floor unit expected to become vacant soon
