Two-Unit Duplex with Fenced
New
For Sale
$240,000
132 Penn Avenue, Exeter, PA 18643
Residential Income, Exeter, PA
Property Size2,048 SF
Lot Size0.08 Acres
Price / SF$117.19
Days on Market1
Property Features for 132 Penn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 2, Bedroom 1, Bedroom 4
Fencing
Fenced
Basement
Unfinished
Lot features
Level
Elementary school district
Wyoming Area
Middle school district
Wyoming Area
High school district
Wyoming Area
Directions
From Wyoming Ave Turn right/left on to Penn Ave. Double block is on the left.
Standard status
Active
APN
16-E11NW3-001-009-000
Size
2,048 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
16-2-125-1 132 Penn St
Tax Annual Amount
1972
Legal Description
16-2-125-1 132 Penn St
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Water source
Public
Amenities
fenced yard
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee
(570) 520-8867
Added: Oct 20
Last Checked: Oct 20 at 6:06PM
MLS# SC265287
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.
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Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex contains two units, each with two bedrooms and bonus rooms. The property was built in 1940 and includes a basement, shingle roof, and fenced yard. Heating is provided by natural gas and hot water through baseboard systems.
The 0.08-acre property is served by public water and public sewer and is zoned R1. It is located in Exeter within the Wyoming Area School District.
The 0.08-acre property is served by public water and public sewer and is zoned R1. It is located in Exeter within the Wyoming Area School District.
Key Highlights
- Two units, each with two bedrooms and bonus rooms
- 2,048 square feet on a 0.08‑acre lot
- Utilities are split between the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,528
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,560
$330.6K
Cap Rate 7%
$236,114
$236.1K
Cap Rate 9%
$183,644
$183.6K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$25.8K $12.60/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$23.6K $11.53/SF
− OpEx
−$7.1K −$3.46/SF
NOI
$16.5K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,560
Cap Rate 7%
$236,114
Cap Rate 9%
$183,644
Alternative Uses
Best Use
Multifamily LT 5
$236.1K
$206.6K – $275.5K
NOI $16,528 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,329 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$648.8K
$567.7K – $756.9K
NOI $45,416 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, bonus rooms, and shared outdoor space support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 132 Penn Avenue Exeter, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and bonus rooms; 2,048 square feet on a 0.08‑acre lot; Utilities are split between the units
