Building Details

Year Built 1920

Listing Agency: EXP Realty LLC

Listed By: Christine Ives Polizzi · License #RS360064 Show Phone

Source: Revolvepa

Added: Aug 18 Changed: Oct 2 Last Checked: Oct 6 at 12:34AM

Report an Issue

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 EXP Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1920, this 2,393-square-foot duplex contains two residential units with a practical, repeatable layout. Both units offer two bedrooms, one full bathroom, a living room, dining room, and kitchen. A basement provides additional storage, while the property also includes several outdoor areas: a porch, covered patio, and balcony.

The property is located at 1711 Electric St in Dunmore, Pennsylvania, with access to local amenities and major roadways. Its two-unit configuration supports a range of ownership arrangements, including occupying one residence while retaining the second for separate use, subject to applicable requirements.

Key Highlights

• Two‑unit duplex with 2,393 square feet
• Each unit has 2 bedrooms and 1 full bathroom
• Living room, dining room, and kitchen in each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,734

Cap Rate

6.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$394,680 $394.7K

Cap Rate 7%

$281,914 $281.9K

Cap Rate 9%

$219,267 $219.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,393 SF

Gross rent

$30.2K $12.60/SF

− Vacancy

−$2.0K −$0.82/SF

EGI

$28.2K $11.78/SF

− OpEx

−$8.5K −$3.53/SF

NOI

$19.7K $8.25/SF

Area

Lackawanna County, PA

Vacancy

6.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$394,680

Cap Rate 7%

$281,914

Cap Rate 9%

$219,267

Alternative Uses

Best Use

Multifamily LT 5

$281.9K

$246.7K – $328.9K (±1% cap)

NOI $19,734 @ 7.0% cap · market cap 6.83%

Second Best

Apartment 5plus

$263.5K

$230.6K – $307.5K (±1% cap)

NOI $18,448 @ 7.0% cap · market cap 6.38%

Theoretical Best

Office A

$607.4K

$531.5K – $708.6K (±1% cap)

NOI $42,517 @ 7.0% cap · market cap 14.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Catering Service Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

802

Businesses Nearby

Explore this area Business Placement

Demographics for 18509, PA

13,720

Population

6,017

Households

2.3

Avg Household Size

39

Median Age

28%

College-Educated

90%

High-School Grad

3.0 sq mi

ZIP Area

4,573

Density / Sq Mi

$52,206

Median Household Income

$31,657

Median Earnings

$991

Median Rent

$176,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Side-by-Side Duplex

308 Church Street, Dunmore, PA 18512

$312,000

2,744 SF

View details

Duplex with Commercial Space

327 Chestnut Street, Dunmore, PA 18512

$174,900

1,400 SF

View details

Four-Unit Stucco Quadplex

1 3 Ferguson Place, Dunmore, PA 18509

$339,000

2,800 SF

View details

Three-Unit Multifamily Building

710 Smith Street, Dunmore, PA 18512

$275,000

3,344 SF

View details

Restaurant with Bar and Catering Kitchen

411 Chestnut Street, Dunmore, PA 18512

$700,000

3,900 SF

View details

5-Unit Apartment Building with Garage

343 Smith Street, Dunmore, PA 18512

$529,900

4,700 SF

View details

Multifamily Property with Separate Electric

535 Chestnut Street, Dunmore, PA 18512

$489,900

4,962 SF

View details

Signalized-Intersection Retail Space

302-306 S. Blakely Street, Dunmore, PA 18512

Contact for pricing

6,600 SF

View details

Corner Retail and Restaurant Building

300-306 S Blakely St, Dunmore, PA 18512

Contact for pricing

6,610 SF

View details

Office Building Near Civic Center

1416 Monroe Avenue, Dunmore, PA 18509

Contact for pricing

18,000 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Each unit includes two bedrooms, a full bath, and dedicated living, dining, and kitchen areas.

Where is this duplex located?

The property is located at 1711 Electric St Dunmore, PA.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,393 square feet; Each unit has 2 bedrooms and 1 full bathroom; Living room, dining room, and kitchen in each unit