Three-Unit Triplex with Rental
For Sale
$209,000
133-135 Washington St, Carbondale, PA 18407
Tenants pay separate electric and heat, while the landlord covers water, sewer, and garbage.
Property Size2,400 SF
Price / SF$87.08
Days on Market47
Property Features for 133-135 Washington St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1930
Listing Agency:
ERA One Source Realty, Peckville
Listed By:
Danielle2Sell Realty Team
(570) 466-5205
Source:
Revolvepa
Added: Sep 9
Changed: Oct 6
Last Checked: Oct 5 at 7:44PM
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 ERA One Source Realty, Peckville
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Investment Insights
Based on property information with market context.
This 2,400-square-foot triplex, built in 1930, contains three residential units. The spacious half-double side includes four bedrooms and 1.75 baths and was previously owner occupied. The remaining two units are arranged across the upstairs and downstairs levels and are currently rented, producing income.
Utility responsibility is divided between the units and ownership. Tenants pay their own electric and heat, while the landlord pays water, sewer, and garbage. The property has one incoming water line and three water heaters, providing separate water-heating equipment for the three-unit configuration. Located at 133-135 Washington St in Carbondale, the property offers an established multifamily layout with a mix of occupied and previously owner-used space.
Utility responsibility is divided between the units and ownership. Tenants pay their own electric and heat, while the landlord pays water, sewer, and garbage. The property has one incoming water line and three water heaters, providing separate water-heating equipment for the three-unit configuration. Located at 133-135 Washington St in Carbondale, the property offers an established multifamily layout with a mix of occupied and previously owner-used space.
Key Highlights
- Three residential units within a 2,400 SF triplex
- Spacious half‑double unit with 4 bedrooms and 1.75 baths
- Two upstairs/downstairs units are rented and producing income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,502
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,040
$370.0K
Cap Rate 7%
$264,314
$264.3K
Cap Rate 9%
$205,578
$205.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$35.7K $14.88/SF
− Vacancy
−$2.1K −$0.86/SF
EGI
$33.6K $14.02/SF
− OpEx
−$15.1K −$6.31/SF
NOI
$18.5K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,040
Cap Rate 7%
$264,314
Cap Rate 9%
$205,578
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,502 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$609.2K
$533.0K – $710.7K
NOI $42,642 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 18407, PA
14,047
Population
7,028
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
41.5 sq mi
ZIP Area
338
Density / Sq Mi
$57,261
Median Household Income
$40,174
Median Earnings
$826
Median Rent
$142,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Tenants pay separate electric and heat, while the landlord covers water, sewer, and garbage.
Where is this triplex located?
The property is located at 133-135 Washington St Carbondale, PA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Three residential units within a 2,400 SF triplex; Spacious half‑double unit with 4 bedrooms and 1.75 baths; Two upstairs/downstairs units are rented and producing income
