3-Unit Triplex
For Sale
$330,000
Pending
132 S Ridge St, Taylor, PA 18517
Income-producing triplex in the Riverside School District with three residential units and rental upside from below-market rents.
Property Size2,817 SF
Days on Market58
Property Features for 132 S Ridge St
General Information
Standard status
Pending
Size
2,817 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,892
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 840-9361
Listed By:
Michelle Viscomi
(570) 840-9361
Source:
Exprealty
Added: Jun 9
Changed: Aug 4
Last Checked: Aug 4 at 8:20AM
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 Iron Valley Real Estate Greater Scranton
Investment Insights
Based on property information with market context.
This 2,817-square-foot triplex contains three residential units and is currently operated as a rental property. Existing rents are below market value, providing a clear distinction between current performance and the stated rental position. The property may also support an owner-occupant arrangement, with one unit available for personal use while the other units generate rental income.
Located at 132 S Ridge St in Taylor, Pennsylvania, the property is within the Riverside School District. Lot-size and tax information apply to both parcels associated with the property.
Located at 132 S Ridge St in Taylor, Pennsylvania, the property is within the Riverside School District. Lot-size and tax information apply to both parcels associated with the property.
Key Highlights
- Three‑unit triplex configuration
- 2,817 square feet of property size
- Current rents are below market value
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 | $35.5k | $12.60 |
| − Vacancy | −$2.3k | −$0.82 |
| EGI | $33.2k | $11.78 |
| − OpEx | −$10.0k | −$3.53 |
| NOI | $23.2k | $8.25 |
2,817 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$310.2K
$271.5K – $362.0K
NOI $21,717 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$715.0K
$625.6K – $834.2K
NOI $50,050 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 18517, PA
5,253
Population
2,117
Households
2.5
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
4.2 sq mi
ZIP Area
1,251
Density / Sq Mi
$70,996
Median Household Income
$41,141
Median Earnings
$1,163
Median Rent
$176,000
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?
Triplex - Income-producing triplex in the Riverside School District with three residential units and rental upside from below-market rents.
Where is this triplex located?
The property is located at 132 S Ridge St Taylor, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 2,817 square feet of property size; Current rents are below market value
