Two-Unit
For Sale
$199,900
177 Gracedale Ave, Mountain Top, PA 18707
Top-and-bottom layout includes one vacant floor and one occupied floor.
Property Size2,340 SF
Price / SF$85.43
Days on Market84
Property Features for 177 Gracedale Ave
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
BOWEN AGENCY INC., REALTORS SELINSGROVE
(570) 743-2165
Listed By:
DWIGHT D LAUVER · License #RS319171
(570) 863-8530
Source:
Exprealty
Added: Jul 24
Changed: Oct 2
Last Checked: Oct 13 at 1:21AM
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 BOWEN AGENCY INC., REALTORS SELINSGROVE
Investment Insights
Based on property information with market context.
This duplex at 177 Gracedale Ave in Mountain Top, PA contains 2,340 square feet arranged as two separate residential units, with one positioned above the other. The first-floor unit is vacant, while the second-floor unit is occupied.
Showings require at least 24 hours’ notice. Property size information is based on tax assessment records.
Showings require at least 24 hours’ notice. Property size information is based on tax assessment records.
Key Highlights
- Two‑unit duplex with top‑and‑bottom configuration
- 2,340 square feet of property size
- First‑floor unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,514
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,280
$350.3K
Cap Rate 7%
$250,200
$250.2K
Cap Rate 9%
$194,600
$194.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$34.5K $14.76/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$31.8K $13.61/SF
− OpEx
−$14.3K −$6.12/SF
NOI
$17.5K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,280
Cap Rate 7%
$250,200
Cap Rate 9%
$194,600
Alternative Uses
Best Use
Multifamily LT 5
$269.8K
$236.1K – $314.8K
NOI $18,885 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$250.2K
$218.9K – $291.9K
NOI $17,514 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 18707, PA
16,042
Population
6,554
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
96%
High-School Grad
51.0 sq mi
ZIP Area
315
Density / Sq Mi
$105,281
Median Household Income
$55,669
Median Earnings
$864
Median Rent
$277,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Top-and-bottom layout includes one vacant floor and one occupied floor.
Where is this duplex located?
The property is located at 177 Gracedale Ave Mountain Top, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with top‑and‑bottom configuration; 2,340 square feet of property size; First‑floor unit is vacant
