Updated Occupied
For Sale
$265,000
131 Lynch Street, Olyphant, PA 18447
Two leased residential units offer updated interiors, private laundry hookups, climate control, yard space, and off-street parking.
Property Size2,029 SF
Days on Market10
Property Features for 131 Lynch Street
General Information
Standard status
Active
Size
2,029 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,086
Amenities
washer/dryer hookups
central air conditioning
forced hot air heat
yard
off-street parking
Building Details
Building Size
2,029 SF
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
EXP Realty LLC
(484) 506-6569
Listed By:
Massiell Rivas-Lopez
Source:
Luxehomesnepa
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 6:21AM
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
Investment Insights
Based on property information with market context.
This two-unit residential property includes an upper and lower apartment, with each residence offering two bedrooms and one bathroom. Interior improvements include refreshed kitchens and bathrooms, generous living areas, washer and dryer hookups, central air conditioning, and forced hot air heating. Both units are occupied, providing an established rental arrangement.
The building sits on a level lot with a spacious yard and off-street parking. Built in 1958, the property is located near schools, retail, dining, and major highways in Olyphant, Pennsylvania.
The building sits on a level lot with a spacious yard and off-street parking. Built in 1958, the property is located near schools, retail, dining, and major highways in Olyphant, Pennsylvania.
Key Highlights
- Two 2‑bedroom, 1‑bath units in an up‑and‑down duplex configuration
- Both apartments are currently occupied
- Updated kitchens, bathrooms, and spacious living areas
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
$16,733
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
6.31%
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%
$334,660
$334.7K
Cap Rate 7%
$239,043
$239.0K
Cap Rate 9%
$185,922
$185.9K
Market Conditions
NOI Build-Up for 2,029 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
$25.6K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$23.9K $11.78/SF
− OpEx
−$7.2K −$3.53/SF
NOI
$16.7K $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%
$334,660
Cap Rate 7%
$239,043
Cap Rate 9%
$185,922
Alternative Uses
Best Use
Multifamily LT 5
$239.0K
$209.2K – $278.9K
NOI $16,733 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$223.5K
$195.5K – $260.7K
NOI $15,642 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$515.0K
$450.6K – $600.8K
NOI $36,050 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
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 leased residential units offer updated interiors, private laundry hookups, climate control, yard space, and off-street parking.
Where is this duplex located?
The property is located at 131 Lynch Street Olyphant, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in an up‑and‑down duplex configuration; Both apartments are currently occupied; Updated kitchens, bathrooms, and spacious living areas
