Two-Unit
New
For Sale
$159,000
16 Hospital Street, Carbondale, PA 18407
Residential Income, Carbondale, PA
Property Size1,892 SF
Lot Size0.06 Acres
Price / SF$84.04
Days on Market4
Property Features for 16 Hospital Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Porch
Basement
Dirt Floor, Full
Appliances
Built-In Refrigerator, Electric Range
Elementary school district
Carbondale Area
Middle school district
Carbondale Area
High school district
Carbondale Area
Directions
Take Dundaff St which runs into Route 106 (Fallbrook St) and then take a left on Hospital St., Home is on the right
Standard status
Active
APN
04416020052
Size
1,892 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
32X90x30x90 W-01 B-013 L-041 P-000
Tax Annual Amount
1776
Legal Description
32X90x30x90 W-01 B-013 L-041 P-000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Asbestos, Frame
Roof type
Fiberglass
Architectural style
Colonial
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
ROBERT REBER
(570) 687-0050
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 9:06PM
MLS# SC265330
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,892 square feet, with a three-bedroom, one-bathroom layout on each floor. Each residence has a larger kitchen, and the first-floor unit includes a deck; an open deck faces the front. Recent work includes painting and updates. Natural gas heat serves each unit, and occupants pay their own utilities.
The 1930 property sits on a 0.06-acre lot and has off-street parking. Public water and public sewer serve the building.
The 1930 property sits on a 0.06-acre lot and has off-street parking. Public water and public sewer serve the building.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,892 square feet on a 0.06‑acre lot
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,586
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,720
$291.7K
Cap Rate 7%
$208,371
$208.4K
Cap Rate 9%
$162,067
$162.1K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$28.2K $14.88/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$26.5K $14.02/SF
− OpEx
−$11.9K −$6.31/SF
NOI
$14.6K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,720
Cap Rate 7%
$208,371
Cap Rate 9%
$162,067
Alternative Uses
Best Use
Multifamily LT 5
$222.9K
$195.0K – $260.1K
NOI $15,603 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$208.4K
$182.3K – $243.1K
NOI $14,586 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$480.2K
$420.2K – $560.3K
NOI $33,616 @ 7.0% cap · market cap 21.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 18407, PA
14,047
Population
7,028
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
41.5 sq mi
ZIP Area
338
Density / Sq Mi
$57,261
Median Household Income
$40,174
Median Earnings
$826
Median Rent
$142,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have separate gas heat, with utilities paid by occupants.
Where is this duplex located?
The property is located at 16 Hospital Street Carbondale, PA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,892 square feet on a 0.06‑acre lot; Both units are vacant
