Two-Unit Residential Income
132 134 Penn Avenue Exeter, PA 18643
New
MULTI_FAMILY - Exeter, PA
Property size:
2,323 SFLot size:
0.08 AcresPrice / SF:
$120/SF- Added:
- Jul 7, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 9 at 10:06 pm
Property Features for 132 134 Penn Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2
- Parking features
- On Street
- Fencing
- Fenced
- Basement
- Unfinished
- Appliances
- Dishwasher, Refrigerator, Gas Oven
- Standard status
- Active
- APN
- 16-E11NW3-001-009
- Size
- 2,323 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 16-2-125-1 132 Penn St
- Tax Annual Amount
- 1706
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Alexsis McGhee License #RS366599 (570) 520-8867
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date Jul 7, 2026
MLS# SC263250
Listing URL
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.
This two-unit residential income property features two separate homes at 132–134 Penn Avenue, configured so each unit includes two bedrooms plus bonus rooms. The layout provides room for everyday living with storage throughout, and a large fenced-in yard contributes practical outdoor space and added privacy.
The property is located in Exeter, Pennsylvania, in the Wyoming Area School District. It sits on a small lot with a total size of 2,323 square feet, and it is zoned R1, supporting residential use.
With utilities split between the units, the arrangement can fit a steady income model or a live-in option where rent can help offset expenses. The combination of separate units, additional bonus rooms, and an enclosed yard makes this property workable for tenants seeking more flexibility than a standard two-bedroom layout, while also offering owner-occupants space to live comfortably alongside a rental unit.
The property is located in Exeter, Pennsylvania, in the Wyoming Area School District. It sits on a small lot with a total size of 2,323 square feet, and it is zoned R1, supporting residential use.
With utilities split between the units, the arrangement can fit a steady income model or a live-in option where rent can help offset expenses. The combination of separate units, additional bonus rooms, and an enclosed yard makes this property workable for tenants seeking more flexibility than a standard two-bedroom layout, while also offering owner-occupants space to live comfortably alongside a rental unit.
Key Highlights
- Two‑unit property at 132‑134 Penn Ave in the Wyoming Area School District
- Each unit has 2 bedrooms plus bonus rooms, with additional space and storage
- Large fenced‑in yard for added privacy and outdoor usable space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $12.60 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $26.8k | $11.53 |
| − OpEx | −$8.0k | −$3.46 |
| NOI | $18.7k | $8.07 |
2,323 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.8K
$234.3K – $312.5K
NOI $18,747 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$248.4K
$217.3K – $289.8K
NOI $17,387 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$735.9K
$643.9K – $858.6K
NOI $51,515 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units offer two bedrooms plus bonus rooms, with split utilities and a fenced yard for added privacy.
Where is this duplex located?
The property is located at 132 134 Penn Avenue Exeter, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit property at 132‑134 Penn Ave in the Wyoming Area School District; Each unit has 2 bedrooms plus bonus rooms, with additional space and storage; Large fenced‑in yard for added privacy and outdoor usable space
