Four-Unit Quadplex with Off-Street
New
For Sale
$414,900
1316-1318 Jefferson Avenue, Dunmore, PA 18509
Residential Income, Dunmore, PA
Property Size2,924 SF
Lot Size0.05 Acres
Price / SF$141.89
Days on Market2
Property Features for 1316-1318 Jefferson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Basement, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Parking features
On Street, Off Street
Basement
Unfinished
Appliances
Electric Range, Refrigerator
Lot features
Rectangular Lot
Elementary school district
Dunmore
Middle school district
Dunmore
High school district
Dunmore
Directions
From Larch Street, Turn into Jefferson Ave. Home on the right
Standard status
Active
APN
14610020032
Size
2,924 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50X118 W-06 B-031 L-008D P-011
Tax Annual Amount
3475
Legal Description
50X118 W-06 B-031 L-008D P-011
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Natural Gas
Water source
Public
Amenities
off-street parking
yard
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile, Laminate
Roof type
Composition
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Felipe Rosero Salazar · License #RS364807
(570) 914-8799
Added: Aug 28
Last Checked: Aug 29 at 10:06AM
MLS# SC264271
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.
Located at 1316-1318 Jefferson Avenue in Dunmore, Pennsylvania, this four-unit residential income property contains 2,924 square feet on a 0.05-acre lot. Built in 1930, the building offers one-bedroom units with living areas, kitchens, and full bathrooms. Interior finishes include carpet, tile, and laminate flooring, while heating is provided through natural gas and space heaters. Electric ranges and refrigerators are included.
Each unit has separate gas and electric metering. Parking is available both off street and on street, with additional yard space on the left side of the property. Public water and public sewer serve the building, and the roof is composition. The property is positioned near local universities, hospitals, dining, and public transit in Dunmore.
Each unit has separate gas and electric metering. Parking is available both off street and on street, with additional yard space on the left side of the property. Public water and public sewer serve the building, and the roof is composition. The property is positioned near local universities, hospitals, dining, and public transit in Dunmore.
Key Highlights
- Four‑unit property with 2,924 square feet of building area
- Each unit includes 1 bedroom, a living room, kitchen, and full bathroom
- Separate gas and electric meters serve the individual 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
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with separately metered utilities, public water and sewer, and dedicated off-street parking.
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 2,924 square feet of building area; Each unit includes 1 bedroom, a living room, kitchen, and full bathroom; Separate gas and electric meters serve the individual units
