4-Unit Quadplex with
New
For Sale
$414,900
1316-1318 Jefferson Avenue, Dunmore, PA 18509
Fully occupied quadplex with separate gas and electric meters, dedicated off-street parking, and a sizable yard.
Property Size2,924 SF
Days on Market5
Property Features for 1316-1318 Jefferson Avenue
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,475
Building Details
Building Size
2,924 SF
Year Built
1930
Listing Agency:
Christian Saunders Real Estate
(570) 914-8799
Listed By:
Felipe Rosero Salazar · License #RS364807
Source:
Luxehomesnepa
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:22PM
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 Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
Built in 1930, this four-unit quadplex includes one-bedroom apartments with living rooms, kitchens, and full bathrooms. The property is fully occupied, and separate gas and electric meters serve the units. Dedicated off-street parking is located along the left side, with a sizable yard providing additional outdoor space.
The property is located at 1316-1318 Jefferson Avenue in Dunmore, near local universities, hospitals, dining, and public transit. Its four-unit configuration and established residential setting provide a straightforward multifamily property profile for an owner-user or investor.
The property is located at 1316-1318 Jefferson Avenue in Dunmore, near local universities, hospitals, dining, and public transit. Its four-unit configuration and established residential setting provide a straightforward multifamily property profile for an owner-user or investor.
Key Highlights
- Four‑unit property with one‑bedroom apartments
- Fully occupied configuration
- Separate gas and electric meters for the units
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
$24,113
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
5.81%
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%
$482,260
$482.3K
Cap Rate 7%
$344,471
$344.5K
Cap Rate 9%
$267,922
$267.9K
Market Conditions
NOI Build-Up for 2,924 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
$36.8K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.4K $11.78/SF
− OpEx
−$10.3K −$3.53/SF
NOI
$24.1K $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%
$482,260
Cap Rate 7%
$344,471
Cap Rate 9%
$267,922
Alternative Uses
Best Use
Multifamily LT 5
$344.5K
$301.4K – $401.9K
NOI $24,113 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,542 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$742.2K
$649.4K – $865.9K
NOI $51,952 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
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?
Quadplex - Fully occupied quadplex with separate gas and electric meters, dedicated off-street parking, and a sizable yard.
Where is this quadplex located?
The property is located at 1316-1318 Jefferson Avenue Dunmore, PA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Four‑unit property with one‑bedroom apartments; Fully occupied configuration; Separate gas and electric meters for the units
