Two-Unit Residential Income
For Sale
$195,000
206 Johnson St, Pittston, PA 18640
Two-unit duplex on contiguous parcels with outside parking and a yard, including multi-level living areas in both units.
Property Size2,375 SF
Price / SF$82.11
Days on Market3129
Property Features for 206 Johnson St
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
sunroom
laundry room
Walkout, Full
3
Tile, Carpet
Refrigerator
Asphalt, Fiberglass
Fenced Yard
Fenced Yard.
Paved Road.
Building Details
Year Built
1800
Stories
2
Listing Agency:
DLP Realty
(610) 756-2090
Listed By:
Donald Wenner
(866) 450-0442
Source:
Xome
Added: Feb 10, 2018
Changed: Sep 2
Last Checked: Sep 4 at 4:13AM
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 DLP Realty
Investment Insights
Based on property information with market context.
This two-unit duplex is set on several contiguous parcels on a dead-end street, offering an outside lot with plenty of parking and space to enjoy the yard. Unit A features a large open living and dining area with an eat-in kitchen, plus a full bath and first-floor laundry. The second floor includes two large bedrooms, and there is a sunroom with access to the back yard.
Unit B offers an open first floor with a full bath, spacious living room, dining room, kitchen, and a first-floor bedroom. The second floor includes the main bedroom with a walk-in closet and main bedroom bath, along with a third large bedroom with a walk-in closet.
The property is described as being close to highways as well as shopping and entertainment, and is presented as ready to tour.
Unit B offers an open first floor with a full bath, spacious living room, dining room, kitchen, and a first-floor bedroom. The second floor includes the main bedroom with a walk-in closet and main bedroom bath, along with a third large bedroom with a walk-in closet.
The property is described as being close to highways as well as shopping and entertainment, and is presented as ready to tour.
Key Highlights
- 2‑unit duplex on several contiguous parcels on a dead‑end street.
- Outside lot includes a fenced yard and plenty of parking, plus a sunroom with access to the back yard.
- Unit A features a large open living room, dining room, eat‑in kitchen, full bath, and first‑floor laundry.
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
$17,776
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
9.12%
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%
$355,520
$355.5K
Cap Rate 7%
$253,943
$253.9K
Cap Rate 9%
$197,511
$197.5K
Market Conditions
NOI Build-Up for 2,375 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
$35.1K $14.76/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$32.3K $13.61/SF
− OpEx
−$14.5K −$6.12/SF
NOI
$17.8K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /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%
$355,520
Cap Rate 7%
$253,943
Cap Rate 9%
$197,511
Alternative Uses
Best Use
Multifamily LT 5
$273.8K
$239.6K – $319.5K
NOI $19,167 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$253.9K
$222.2K – $296.3K
NOI $17,776 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$752.4K
$658.4K – $877.8K
NOI $52,668 @ 7.0% cap · market cap 27.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
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 - Two-unit duplex on contiguous parcels with outside parking and a yard, including multi-level living areas in both units.
Where is this duplex located?
The property is located at 206 Johnson St Pittston, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2‑unit duplex on several contiguous parcels on a dead‑end street.; Outside lot includes a fenced yard and plenty of parking, plus a sunroom with access to the back yard.; Unit A features a large open living room, dining room, eat‑in kitchen, full bath, and first‑floor laundry.
