Remodeled Two-Unit
New
For Sale
$249,000
135 Cuba Street, Kingston, PA 18704
Residential Income, Kingston, PA
Property Size1,775 SF
Lot Size0.08 Acres
Price / SF$140.28
Days on Market2
Property Features for 135 Cuba Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Basement
Unfinished
Appliances
Range, Water Heater, Refrigerator
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Merge onto Highland Park Boulevard (PA-309 North) and continue for approximately two miles, crossing the bridge into Kingston. Once in Kingston, turn left onto Northampton Street, then make a right onto Center Street. Continue for a short distance before turning right onto Cuba Street. Proceed along Cuba Street until you reach 135 Cuba Street, which will be on the left-hand side.
Standard status
Active
APN
34-G9SE4 -001-038-000
Size
1,775 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
137 Cuba St
Tax Annual Amount
1270
Legal Description
137 Cuba St
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Zarah Hernandez
(201) 757-8181
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 15 at 6:06PM
MLS# SC264576
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 two-unit duplex contains 1,775 square feet on a 0.08-acre lot. The units are separately arranged, with one offering 2 bedrooms and 1 bathroom and the other offering 3 bedrooms and 1 bathroom. Both interiors have undergone extensive remodeling, and the property includes a range, refrigerator, and water heater. Construction dates to 1910, with public water service and public sewer supporting the building.
Located at 135 Cuba Street in Kingston, Pennsylvania, the property is designated R1. Its two-unit configuration can accommodate an owner-occupant arrangement or use as a residential income property, subject to applicable requirements. The separate layouts provide flexibility for occupancy while preserving the existing duplex format.
Located at 135 Cuba Street in Kingston, Pennsylvania, the property is designated R1. Its two-unit configuration can accommodate an owner-occupant arrangement or use as a residential income property, subject to applicable requirements. The separate layouts provide flexibility for occupancy while preserving the existing duplex format.
Key Highlights
- Two‑unit duplex with 1,775 square feet of building area
- Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom
- Both units have been fully remodeled
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
$14,325
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
5.75%
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%
$286,500
$286.5K
Cap Rate 7%
$204,643
$204.6K
Cap Rate 9%
$159,167
$159.2K
Market Conditions
NOI Build-Up for 1,775 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
$22.4K $12.60/SF
− Vacancy
−$1.9K −$1.07/SF
EGI
$20.5K $11.53/SF
− OpEx
−$6.1K −$3.46/SF
NOI
$14.3K $8.07/SF
Area
Luzerne County, PA
Vacancy
8.50%
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%
$286,500
Cap Rate 7%
$204,643
Cap Rate 9%
$159,167
Alternative Uses
Best Use
Multifamily LT 5
$204.6K
$179.1K – $238.8K
NOI $14,325 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$189.8K
$166.1K – $221.4K
NOI $13,286 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$562.3K
$492.0K – $656.0K
NOI $39,362 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
856
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 separate residences provide flexible living arrangements with updated interiors and distinct bedroom configurations.
Where is this duplex located?
The property is located at 135 Cuba Street Kingston, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,775 square feet of building area; Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom; Both units have been fully remodeled
