Updated Duplex with Fenced
For Sale
$233,000
151 Robert St, Nanticoke, PA 18634
Both residences are occupied and feature refreshed kitchens, newer heaters, and a private enclosed rear yard.
Property Size2,300 SF
Price / SF$101.30
Days on Market214
Property Features for 151 Robert St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
private rear fenced yard
Listing Agency:
Keller Williams Real Estate, Kingston
(570) 406-0572
Listed By:
Michael Nastasiak · License #RS362481
Source:
Nepahousehunt
Added: Jan 29
Changed: Aug 30
Last Checked: Aug 30 at 11:45PM
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 Keller Williams Real Estate, Kingston
Investment Insights
Based on property information with market context.
This duplex contains 2,300 square feet and is currently occupied in both units. Recent kitchen improvements include new cabinetry, countertops, and appliances, while newer heaters serve the residences. A fenced rear yard provides private outdoor space, and the property is being offered as-is.
The property is near downtown amenities, including shopping, dining, schools, and public transportation. Showings are limited to Saturday and Sunday from 12 p.m. to 2 p.m., require 24-hour advance notice, and require proof of funds.
The property is near downtown amenities, including shopping, dining, schools, and public transportation. Showings are limited to Saturday and Sunday from 12 p.m. to 2 p.m., require 24-hour advance notice, and require proof of funds.
Key Highlights
- 2,300‑square‑foot duplex with both units occupied
- Updated kitchens with new cabinetry, countertops, and brand‑new appliances
- Newer heaters in both units
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
$18,562
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
7.97%
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%
$371,240
$371.2K
Cap Rate 7%
$265,171
$265.2K
Cap Rate 9%
$206,244
$206.2K
Market Conditions
NOI Build-Up for 2,300 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
$29.0K $12.60/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$26.5K $11.53/SF
− OpEx
−$8.0K −$3.46/SF
NOI
$18.6K $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%
$371,240
Cap Rate 7%
$265,171
Cap Rate 9%
$206,244
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.0K – $309.4K
NOI $18,562 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$728.6K
$637.6K – $850.1K
NOI $51,005 @ 7.0% cap · market cap 21.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 18634, PA
13,702
Population
6,497
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
14.3 sq mi
ZIP Area
958
Density / Sq Mi
$60,482
Median Household Income
$38,280
Median Earnings
$798
Median Rent
$108,600
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?
Duplex - Both residences are occupied and feature refreshed kitchens, newer heaters, and a private enclosed rear yard.
Where is this duplex located?
The property is located at 151 Robert St Nanticoke, PA.
What is the asking price?
The asking price for this property is $233,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex with both units occupied; Updated kitchens with new cabinetry, countertops, and brand‑new appliances; Newer heaters in both units
