Renovated Duplex With Detached
For Sale
$199,000
156 W SPRUCE Street, Tamaqua, PA 18252
Multi-Family, TAMAQUA, PA
Property Size1,197 SF
Lot Size0.04 Acres
Price / SF$166.25
Days on Market18
Property Features for 156 W SPRUCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Garage - Detached
Elementary school district
TAMAQUA AREA
Middle school district
TAMAQUA AREA
High school district
TAMAQUA AREA
Standard status
Active
Size
1,197 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1727
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Bold Realty
(610) 373-8701
Listed By:
Trent L Stauffer · License #RM422216
(717) 821-0336
Added: Sep 4
Changed: Sep 18
Last Checked: Sep 21 at 7:06AM
MLS# PASK2029272
Copyright © 2026 Bright 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 duplex contains 1,197 square feet across two residential units, each configured with approximately two bedrooms and one bathroom. Renovated finishes are noted in both the property description and the unit layout, while vinyl siding, hot water heating, and a basement are among the physical features. A detached garage provides additional on-site parking or storage space.
The first-floor apartment is occupied, and the second-floor apartment is vacant for a new tenant or owner use. Built in 1900, the property sits on a 0.04-acre lot in Tamaqua, Pennsylvania. Showings are by appointment, with notice required for access to the occupied unit.
The first-floor apartment is occupied, and the second-floor apartment is vacant for a new tenant or owner use. Built in 1900, the property sits on a 0.04-acre lot in Tamaqua, Pennsylvania. Showings are by appointment, with notice required for access to the occupied unit.
Key Highlights
- Two‑unit duplex with 1,197 square feet of property size
- Approximately 2 bedrooms and 1 bath in each unit
- First‑floor unit occupied; second‑floor unit vacant
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
$7,051
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
3.54%
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%
$141,020
$141.0K
Cap Rate 7%
$100,729
$100.7K
Cap Rate 9%
$78,344
$78.3K
Market Conditions
NOI Build-Up for 1,197 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
$10.8K $9.00/SF
− Vacancy
−$700 −$0.59/SF
EGI
$10.1K $8.42/SF
− OpEx
−$3.0K −$2.52/SF
NOI
$7.1K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /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%
$141,020
Cap Rate 7%
$100,729
Cap Rate 9%
$78,344
Alternative Uses
Best Use
Multifamily LT 5
$100.7K
$88.1K – $117.5K
NOI $7,051 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$93.6K
$81.9K – $109.2K
NOI $6,549 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$179.6K
$157.1K – $209.5K
NOI $12,569 @ 7.0% cap · market cap 6.32%
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
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 18252, PA
11,016
Population
5,152
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
90%
High-School Grad
68.0 sq mi
ZIP Area
162
Density / Sq Mi
$61,020
Median Household Income
$37,835
Median Earnings
$922
Median Rent
$153,000
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 renovated finishes, a detached garage, and one apartment available for occupancy.
Where is this duplex located?
The property is located at 156 W SPRUCE Street Tamaqua, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,197 square feet of property size; Approximately 2 bedrooms and 1 bath in each unit; First‑floor unit occupied; second‑floor unit vacant
