Building Details

Building Size 4,284 SF

Listing Agency: Lewith & Freeman, Shavertown

Listed By: Rebecca Halbing Show Phone

Source: Luxehomesnepa

Added: Apr 6 Changed: Oct 20 Last Checked: Oct 21 at 5:00AM

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Investment Insights

Based on property information with market context.

This renovated duplex includes ground-floor space designed for business use, along with two residential apartments. The property is described as completely renovated and offered with generous parking to support tenant and customer access. The configuration supports mixed use under the same ownership, with the two apartments providing additional residential rental income potential.

The property is located on Courtdale Ave in Courtdale, Pennsylvania, and is noted as zoned for business uses. Public remarks also indicate potential for a detached garage, which may provide additional on-site utility or storage depending on how the property is developed.

As presented, this is a turnkey, renovated mixed-use duplex designed to combine a ground-floor business operation with apartment living on the same site.

Key Highlights

• Renovated duplex with ground‑floor business space and two residential apartments
• Includes generous parking
• Property is zoned for business uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,573

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$691,460 $691.5K

Cap Rate 7%

$493,900 $493.9K

Cap Rate 9%

$384,144 $384.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,284 SF

Gross rent

$54.0K $12.60/SF

− Vacancy

−$4.6K −$1.07/SF

EGI

$49.4K $11.53/SF

− OpEx

−$14.8K −$3.46/SF

NOI

$34.6K $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%

$691,460

Cap Rate 7%

$493,900

Cap Rate 9%

$384,144

Alternative Uses

Best Use

Multifamily LT 5

$493.9K

$432.2K – $576.2K (±1% cap)

NOI $34,573 @ 7.0% cap · market cap 8.75%

Second Best

Apartment 5plus

$458.1K

$400.8K – $534.4K (±1% cap)

NOI $32,065 @ 7.0% cap · market cap 8.12%

Theoretical Best

Office A

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $95,002 @ 7.0% cap · market cap 24.05%

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

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

107

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Renovated duplex offering ground-floor business space and two residential apartments, with generous parking and business zoning.

Where is this duplex located?

The property is located at 197 Courtdale Avenue Courtdale, PA.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Renovated duplex with ground‑floor business space and two residential apartments; Includes generous parking; Property is zoned for business uses