Two-Unit Duplex with Updated
New
For Sale
$179,900
18 Grove St, Carbondale, PA 18407
An up-and-down layout pairs a four-bedroom residence with a two-bedroom unit and washer/dryer hookups.
Property Size2,000 SF
Price / SF$89.95
Days on Market4
Property Features for 18 Grove St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
a little TLC
Units
Unit Mix
1 x 4BR upper unit, 1 x 2BR lower unit
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,954
Amenities
washer/dryer hookups
Listing Agency:
Cobblestone Real Estate LLC
(570) 500-5254
Listed By:
John Zuby · License #AB069740
(570) 493-9943
Source:
Exprealty
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 7 at 3:55PM
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 Cobblestone Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,000 square feet arranged as two vertically stacked residences. The upper unit has four bedrooms, while the lower unit has two. Updated flooring, sizable living areas, and washer/dryer hookups are among the interior features.
Key Highlights
- 2,000‑square‑foot duplex with an up‑and‑down configuration
- Upper residence offers four bedrooms; lower residence has two
- Updated flooring and generous living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,493
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.2K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.6K $11.78/SF
− OpEx
−$7.1K −$3.53/SF
NOI
$16.5K $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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$220.3K
$192.7K – $257.0K
NOI $15,419 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$507.6K
$444.2K – $592.3K
NOI $35,535 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
325
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
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 - An up-and-down layout pairs a four-bedroom residence with a two-bedroom unit and washer/dryer hookups.
Where is this duplex located?
The property is located at 18 Grove St Carbondale, PA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2,000‑square‑foot duplex with an up‑and‑down configuration; Upper residence offers four bedrooms; lower residence has two; Updated flooring and generous living areas
