Updated 3-Unit
For Sale
$285,000
Pending
122 Willow St, Dunmore, PA 18512
Corner-lot property includes parking, shared outdoor space, and private decks for each apartment.
Property Size3,330 SF
Days on Market51
Property Features for 122 Willow St
General Information
Standard status
Pending
Size
3,330 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,624
Amenities
large shared yard
private wood deck
Building Details
Year Renovated
2025
Tenancy
Multi
Listing Agency:
LUXE Homes Real Estate LLC
(570) 818-5040
Listed By:
Que V Tran · License #RB069624
(717) 856-7324
Source:
Exprealty
Added: Jul 22
Changed: Aug 23
Last Checked: Sep 9 at 8:38PM
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 LUXE Homes Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1930, this triplex contains three apartments, with two currently occupied by long-term tenants and one available for an owner-occupant. Each unit has its own private wood deck, while the property also provides a shared yard and on-site parking. A new roof and water heater were installed in 2025.
The property is located at 122 Willow Street in Dunmore, Pennsylvania, on a corner lot. The landlord covers gas heat, water, and sewer; residents are responsible for electric service. The combination of an available apartment, existing tenancy, and separately defined utility responsibilities supports both owner-occupancy and rental use.
The property is located at 122 Willow Street in Dunmore, Pennsylvania, on a corner lot. The landlord covers gas heat, water, and sewer; residents are responsible for electric service. The combination of an available apartment, existing tenancy, and separately defined utility responsibilities supports both owner-occupancy and rental use.
Key Highlights
- Three‑unit property with two long‑term tenant‑occupied apartments and one vacant unit
- New roof and water heater installed in 2025
- Corner lot at 122 Willow Street, Dunmore, PA 18512
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
$25,672
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
9.01%
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%
$513,440
$513.4K
Cap Rate 7%
$366,743
$366.7K
Cap Rate 9%
$285,244
$285.2K
Market Conditions
NOI Build-Up for 3,330 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
$49.6K $14.88/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$46.7K $14.02/SF
− OpEx
−$21.0K −$6.31/SF
NOI
$25.7K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$513,440
Cap Rate 7%
$366,743
Cap Rate 9%
$285,244
Alternative Uses
Best Use
Multifamily LT 5
$392.3K
$343.3K – $457.7K
NOI $27,462 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.9K
NOI $25,672 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$845.2K
$739.6K – $986.1K
NOI $59,165 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - Corner-lot property includes parking, shared outdoor space, and private decks for each apartment.
Where is this triplex located?
The property is located at 122 Willow St Dunmore, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit property with two long‑term tenant‑occupied apartments and one vacant unit; New roof and water heater installed in 2025; Corner lot at 122 Willow Street, Dunmore, PA 18512
