Three-Unit Triplex with Rental
New
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 Market2
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) 489-8080
Source:
Revolvepa
Added: Sep 9
Last Checked: Sep 9 at 3:04PM
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
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 = 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
$18,502
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
8.85%
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%
$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
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
$35.7K $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 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%
$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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
