Building Details

Year Built 1920

Buildings 1

Listing Agency: RE/MAX Of Reading i***@goberkscounty.com Show Phone

Listed By: Rose Marie Beck · License #AB068448 Show Phone

Source: Cummingsrealtors

Added: Oct 20 Changed: Oct 25 Last Checked: Oct 24 at 6:26PM

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Investment Insights

Based on property information with market context.

This 1920-built duplex contains two distinct residences totaling 1,272 square feet. The 209 side has been mostly renovated, with living and dining rooms, an eat-in kitchen, two bedrooms, and two full bathrooms. Porch and patio areas provide additional outdoor space. The 207 side has been stripped to its framing and is ready for interior completion, with electrical work begun and replacement windows installed except in the enclosed porch. Its layout can accommodate two or three bedrooms, including a possible first-floor bedroom and full bath. Select materials on site may be negotiated; this unit is offered as-is.

The 209 residence has new roofs and replacement windows, while the 207 unit has a replaced rear rubber roof. Heating systems include an EFM Stoker oil hot-water system at 209 and a winterized oil furnace at 207. The property is minutes from downtown Jim Thorpe and historic downtown Tamaqua, with regional recreation including the Lehigh Gorge Scenic Railway, D&L Trail, Mauch Chunk Lake Park, and Lehigh River activities.

Key Highlights

• Two‑residence duplex with 1,272 square feet, built in 1920
• 209 side is mostly renovated with two bedrooms, two full bathrooms, and multiple porch and patio areas
• 207 side is stripped to the framing; electrical wiring has been started and replacement windows are installed except in the enclosed porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,343

Cap Rate

6.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,860 $266.9K

Cap Rate 7%

$190,614 $190.6K

Cap Rate 9%

$148,256 $148.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,272 SF

Gross rent

$20.6K $16.20/SF

− Vacancy

−$1.5K −$1.22/SF

EGI

$19.1K $14.99/SF

− OpEx

−$5.7K −$4.50/SF

NOI

$13.3K $10.49/SF

Area

Carbon County, PA

Vacancy

7.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,860

Cap Rate 7%

$190,614

Cap Rate 9%

$148,256

Alternative Uses

Best Use

Multifamily LT 5

$190.6K

$166.8K – $222.4K (±1% cap)

NOI $13,343 @ 7.0% cap · market cap 6.84%

Second Best

Apartment 5plus

$167.7K

$146.7K – $195.6K (±1% cap)

NOI $11,736 @ 7.0% cap · market cap 6.02%

Theoretical Best

Specialty Retail

$249.9K

$218.7K – $291.6K (±1% cap)

NOI $17,493 @ 7.0% cap · market cap 8.97%

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

16

Businesses Nearby

Explore this area Business Placement

Demographics for 18240, PA

3,838

Population

1,783

Households

2.2

Avg Household Size

47

Median Age

20%

College-Educated

91%

High-School Grad

24.3 sq mi

ZIP Area

158

Density / Sq Mi

$56,510

Median Household Income

$31,274

Median Earnings

$970

Median Rent

$135,200

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 - One residence is largely updated, while its adjoining counterpart is opened to the framing for a custom finish.

Where is this duplex located?

The property is located at 207-209 YARD STREET Nesquehoning, PA.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: Two‑residence duplex with 1,272 square feet, built in 1920; 209 side is mostly renovated with two bedrooms, two full bathrooms, and multiple porch and patio areas; 207 side is stripped to the framing; electrical wiring has been started and replacement windows are installed except in the enclosed porch