Two-Unit Duplex with
170 Terrace Street, Carbondale, PA 18407
For Sale
$195,000
Residential Income, Carbondale, PA
Property Size2,200 SF
Lot Size0.05 Acres
Price / SF$88.64
Days on Market452
Property Features for 170 Terrace Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Basement
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Buildings
Listing Agency:
SIX PM LLC
Listed By:
Jeremy J Watson · License PA RM425357
(570) 352-5162
Added: Aug 16, 2025
Changed: Nov 9
Last Checked: Nov 10 at 10:06PM
MLS# PW-252686
Copyright © 2026 Pike/Wayne Association 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 2,200-square-foot duplex contains two occupied apartments. The first-floor unit has two bedrooms and a porch; the upper apartment has three bedrooms and a private balcony. The upper unit also features a newer kitchen with granite countertops and updated flooring. Hardwood and vinyl flooring are present in the property.
Key Highlights
- Two occupied apartments in a 2,200‑square‑foot duplex
- First‑floor unit has 2 bedrooms and a porch
- Upper apartment has 3 bedrooms, a balcony, and a newer kitchen with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,961
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,220
$339.2K
Cap Rate 7%
$242,300
$242.3K
Cap Rate 9%
$188,456
$188.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$32.7K $14.88/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$30.8K $14.02/SF
− OpEx
−$13.9K −$6.31/SF
NOI
$17.0K $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%
$339,220
Cap Rate 7%
$242,300
Cap Rate 9%
$188,456
Alternative Uses
Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K
NOI $18,143 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 20.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
597
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
$142,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lackawanna County, PA
Properties on Market for Duplexes in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied apartments offer two- and three-bedroom layouts, with a porch at the lower unit and a balcony upstairs.
Where is this duplex located?
The property is located at 170 Terrace Street Carbondale, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two occupied apartments in a 2,200‑square‑foot duplex; First‑floor unit has 2 bedrooms and a porch; Upper apartment has 3 bedrooms, a balcony, and a newer kitchen with granite countertops
