Remodeled Triplex with Off-Street
For Sale
$449,000
Pending
2027 Green Ridge St, Dunmore, PA 18512
Three updated apartments feature private laundry, refreshed kitchens and bathrooms, hardwood flooring, and closet storage.
Property Size4,383 SF
Days on Market144
Property Features for 2027 Green Ridge St
General Information
Standard status
Pending
Size
4,383 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,936
Amenities
off street parking garage
in unit laundry
yard
Listing Agency:
ERA One Source Realty
(570) 947-9250
Listed By:
Leah Gianacopoulos · License #RM061605A
(570) 947-9250
Source:
Exprealty
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 7:44PM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This triplex contains three fully remodeled apartments with updated kitchens and bathrooms, in-unit laundry, hardwood floors, and closet storage. The property also includes off-street parking, a garage, and a yard. All three units are currently rented.
Located on Green Ridge St in Dunmore, the property is near downtown, universities, and the medical college. Its three-unit configuration and existing rental occupancy provide a straightforward multifamily layout with dedicated residential amenities.
Located on Green Ridge St in Dunmore, the property is near downtown, universities, and the medical college. Its three-unit configuration and existing rental occupancy provide a straightforward multifamily layout with dedicated residential amenities.
Key Highlights
- Three fully remodeled apartment units
- All three units are currently rented
- In‑unit laundry in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,900
$722.9K
Cap Rate 7%
$516,357
$516.4K
Cap Rate 9%
$401,611
$401.6K
Market Conditions
NOI Build-Up for 4,383 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.2K $12.60/SF
− Vacancy
−$3.6K −$0.82/SF
EGI
$51.6K $11.78/SF
− OpEx
−$15.5K −$3.53/SF
NOI
$36.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,900
Cap Rate 7%
$516,357
Cap Rate 9%
$401,611
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.8K – $602.4K
NOI $36,145 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$482.7K
$422.4K – $563.2K
NOI $33,790 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$1.11M
$973.4K – $1.30M
NOI $77,874 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated apartments feature private laundry, refreshed kitchens and bathrooms, hardwood flooring, and closet storage.
Where is this triplex located?
The property is located at 2027 Green Ridge St Dunmore, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three fully remodeled apartment units; All three units are currently rented; In‑unit laundry in each apartment
