Three-Unit Cape Cod
For Sale
$330,000
Pending
132 S Ridge Street, Taylor, PA 18517
Residential Income, Taylor, PA
Property Size2,817 SF
Lot Size0.15 Acres
Days on Market95
Property Features for 132 S Ridge Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Off Street, Alley
Patio and Porch features
Porch
Basement
Full
Appliances
Dryer, Washer, Refrigerator, Electric Oven
Lot features
Rectangular Lot
Elementary school district
Riverside
Middle school district
Riverside
High school district
Riverside
Directions
South on Main St in Taylor, right on Union St, left on S. Ridge. Property on right
Standard status
Pending
APN
16614070027
Size
2,817 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
45X90 Dl&W Plot #1 L 176 B 15 W-04 B-016 L-198 P-000
Tax Annual Amount
2892
Legal Description
45X90 Dl&W Plot #1 L 176 B 15 W-04 B-016 L-198 P-000
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl, Hardwood
Building materials
Asbestos, Wood Siding
Architectural style
Cape Cod
Additional Structures
Residence
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Michelle Viscomi
(570) 840-9361
Added: Jun 8
Changed: Sep 2
Last Checked: Sep 10 at 7:06AM
MLS# SC262711
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 2,817-square-foot residential income property contains three units within a Cape Cod-style building constructed in 1940. The property includes a basement, four bathrooms, six bedrooms, a porch, and off-street parking with alley access. Interior finishes include carpet, vinyl, and hardwood flooring, while the building has wood siding and asbestos construction materials. Heating is provided by natural gas steam, with ceiling fans for cooling. Included appliances are a washer, dryer, refrigerator, and electric oven.
The property occupies 0.15 acres in Taylor, Pennsylvania, within the Riverside School District. Public water and public sewer serve the property, which is zoned R2. The sale includes lot and tax information associated with both parcels.
The property occupies 0.15 acres in Taylor, Pennsylvania, within the Riverside School District. Public water and public sewer serve the property, which is zoned R2. The sale includes lot and tax information associated with both parcels.
Key Highlights
- Three‑unit property with 2,817 square feet
- 0.15‑acre parcel in Taylor, PA
- R2 zoning and public water and sewer
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
$23,231
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
7.04%
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%
$464,620
$464.6K
Cap Rate 7%
$331,871
$331.9K
Cap Rate 9%
$258,122
$258.1K
Market Conditions
NOI Build-Up for 2,817 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
$35.5K $12.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$33.2K $11.78/SF
− OpEx
−$10.0K −$3.53/SF
NOI
$23.2K $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%
$464,620
Cap Rate 7%
$331,871
Cap Rate 9%
$258,122
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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - R2-zoned property with off-street parking, public utilities, and a covered porch.
Where is this triplex located?
The property is located at 132 S Ridge Street 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 property with 2,817 square feet; 0.15‑acre parcel in Taylor, PA; R2 zoning and public water and sewer
