Two-Unit Duplex
For Sale
$180,000
Pending
14a E Oak St, Pittston, PA 18640
Fully occupied duplex with separate utilities and updated mechanical systems serving each unit.
Property Size1,872 SF
Days on Market61
Property Features for 14a E Oak St
General Information
Standard status
Pending
Size
1,872 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Listing Agency:
Century 21 Signature Properties
Listed By:
Ron Wilson/JenineFinarelli Team
(570) 371-7016
Source:
Nepahousehunt
Added: Aug 29
Changed: Oct 25
Last Checked: Oct 28 at 8:46AM
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 Century 21 Signature Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex at 14A E Oak St in Pittston, Pennsylvania contains 1,872 square feet. Each side has its own newer gas furnace and hot water heater, while utilities are separately metered. The property is currently fully occupied by month-to-month tenants and is being offered in as-is condition.
Showings require an appointment, and entry is not permitted without prior scheduling.
Showings require an appointment, and entry is not permitted without prior scheduling.
Key Highlights
- Two‑unit duplex totaling 1,872 square feet
- Newer gas furnace and hot water heater on each side
- Separate utilities for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,108
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,160
$302.2K
Cap Rate 7%
$215,829
$215.8K
Cap Rate 9%
$167,867
$167.9K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$23.6K $12.60/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$21.6K $11.53/SF
− OpEx
−$6.5K −$3.46/SF
NOI
$15.1K $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 Rate 5%
$302,160
Cap Rate 7%
$215,829
Cap Rate 9%
$167,867
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,108 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$200.2K
$175.2K – $233.5K
NOI $14,012 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 23.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separate utilities and updated mechanical systems serving each unit.
Where is this duplex located?
The property is located at 14a E Oak St Pittston, PA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,872 square feet; Newer gas furnace and hot water heater on each side; Separate utilities for both units
