Duplex with Private
New
For Sale
$229,000
134 E State, Larksville, PA 18704
Multi-Family, Larksville, PA
Property Size2,784 SF
Lot Size0.17 Acres
Price / SF$82.26
Days on Market2
Property Features for 134 E State
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Off Street
Exterior features
Aluminum, Brick
Basement
Full
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Wilson to State Street.
Subdivision
Kingston Surrounds
Standard status
Active
APN
38-G9S1 -001-012-000
Size
2,784 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3151
Utilities
Heating system
Baseboard, Steam, Electric (Heating)
Water source
Public
Amenities
private patio
large yard
private driveway
expansive parking area
detached workshop/shed
second storage shed
Building Details
Year built
1930
Roof type
Shingle
Listing Agency:
Gerald L. Busch Real Estate, Inc.
(570) 288-2514
Listed By:
Gerald J. Busch, Jr. · License #AB068419
(570) 709-7798
Added: Sep 11
Last Checked: Sep 12 at 10:06AM
MLS# 26-4672
Copyright © 2026 Luzerne County Association of REALTORS®. 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 duplex at 134 E State in Larksville, Pennsylvania, offers 2,784 square feet within a 0.1722-acre parcel. The 1930 property has aluminum and brick exterior materials, a shingle roof, and electric baseboard and steam heating. The layout includes six bedrooms, two bathrooms, and a basement, providing separate residential space suited to an owner-occupant or rental arrangement.
Exterior features include a private patio, large yard, private driveway, and an expansive parking area. A detached workshop or shed and a second storage shed add utility and storage capacity. The property is served by public water and includes off-street parking.
Exterior features include a private patio, large yard, private driveway, and an expansive parking area. A detached workshop or shed and a second storage shed add utility and storage capacity. The property is served by public water and includes off-street parking.
Key Highlights
- 2,784‑square‑foot duplex on a 0.1722‑acre lot
- Six bedrooms, two bathrooms, and a basement
- Private patio, large yard, and private driveway
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
$20,838
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
9.10%
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%
$416,760
$416.8K
Cap Rate 7%
$297,686
$297.7K
Cap Rate 9%
$231,533
$231.5K
Market Conditions
NOI Build-Up for 2,784 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
$41.1K $14.76/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$37.9K $13.61/SF
− OpEx
−$17.0K −$6.12/SF
NOI
$20.8K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /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%
$416,760
Cap Rate 7%
$297,686
Cap Rate 9%
$231,533
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.5K
NOI $22,468 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$882.0K
$771.7K – $1.03M
NOI $61,738 @ 7.0% cap · market cap 26.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with off-street parking, a private patio, detached storage, and a large yard.
Where is this duplex located?
The property is located at 134 E State Larksville, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2,784‑square‑foot duplex on a 0.1722‑acre lot; Six bedrooms, two bathrooms, and a basement; Private patio, large yard, and private driveway
