Triplex with Rear
1665 Wyoming Avenue, Forty Fort, PA 18704
For Sale
$250,000
The three-apartment layout includes gas heat and a first-floor residence currently vacant.
Property Size2,625 SF
Days on Market10
Property Features for 1665 Wyoming Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Wychock Real Estate, LLC
Listed By:
Tanya Gilbert
(570) 709-1176
Source:
Luxehomesnepa
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 10 at 1:46PM
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 Wychock Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built triplex contains two one-bedroom apartments and one two-bedroom apartment. The first-floor unit is vacant, and the building is heated with gas. Utilities are not separately metered.
A shared driveway serves rear parking for up to four vehicles. The property is offered in as-is condition.
A shared driveway serves rear parking for up to four vehicles. The property is offered in as-is condition.
Key Highlights
- Three apartments: two one‑bedroom units and one two‑bedroom unit
- First‑floor apartment is vacant
- Gas heat; utilities are not separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,185
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,700
$423.7K
Cap Rate 7%
$302,643
$302.6K
Cap Rate 9%
$235,389
$235.4K
Market Conditions
NOI Build-Up for 2,625 SF
Gross rent
$33.1K $12.60/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$30.3K $11.53/SF
− OpEx
−$9.1K −$3.46/SF
NOI
$21.2K $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%
$423,700
Cap Rate 7%
$302,643
Cap Rate 9%
$235,389
Alternative Uses
Best Use
Multifamily LT 5
$302.6K
$264.8K – $353.1K
NOI $21,185 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$280.7K
$245.6K – $327.5K
NOI $19,648 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$831.6K
$727.7K – $970.2K
NOI $58,212 @ 7.0% cap · market cap 23.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
570
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
$154,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Luzerne County, PA
Properties on Market for Triplexes in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-apartment layout includes gas heat and a first-floor residence currently vacant.
Where is this triplex located?
The property is located at 1665 Wyoming Avenue Forty Fort, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three apartments: two one‑bedroom units and one two‑bedroom unit; First‑floor apartment is vacant; Gas heat; utilities are not separately metered
