Duplex with
For Sale
$212,000
207 Bauer Street, Hanover Township, PA 18706
Multi-Family, Hanover Township, PA
Property Size2,542 SF
Lot Size0.09 Acres
Price / SF$83.40
Days on Market71
Property Features for 207 Bauer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 2
Exterior features
Vinyl
Basement
Full
Elementary school district
Hanover
Middle school district
Hanover
High school district
Hanover
Directions
South Main St. Cross rt 29. Take 2nd left onto South St. Make a left on Front St. Right on Bauer.
Subdivision
Ashley-Nanticoke-Hanover Twp
Standard status
Active
APN
J8S2-4-15-T
Size
2,542 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2350
Utilities
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate, Kingston · Keller Williams Realty
(570) 585-5800
Listed By:
Michael Nastasiak · License #RS362481
(570) 406-0572
Added: Jun 29
Changed: Sep 5
Last Checked: Sep 7 at 3:06PM
MLS# 26-705
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains 2,542 square feet with five bedrooms, two bathrooms, and a basement. The property has vinyl exterior siding, a shingle roof, electric baseboard heating, and public water service. It is situated on a 0.093-acre lot and carries Multi-Family zoning.
The property is offered as-is. Showings are available Saturdays and Sundays from 12 p.m. to 2 p.m. with 24-hour advance notice, and proof of funds is required before scheduling.
The property is offered as-is. Showings are available Saturdays and Sundays from 12 p.m. to 2 p.m. with 24-hour advance notice, and proof of funds is required before scheduling.
Key Highlights
- 2,542‑square‑foot duplex on a 0.093‑acre lot
- Five bedrooms and two bathrooms
- Basement included
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
$19,026
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
8.97%
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%
$380,520
$380.5K
Cap Rate 7%
$271,800
$271.8K
Cap Rate 9%
$211,400
$211.4K
Market Conditions
NOI Build-Up for 2,542 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
$37.5K $14.76/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$34.6K $13.61/SF
− OpEx
−$15.6K −$6.12/SF
NOI
$19.0K $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 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%
$380,520
Cap Rate 7%
$271,800
Cap Rate 9%
$211,400
Alternative Uses
Best Use
Multifamily LT 5
$293.1K
$256.4K – $341.9K
NOI $20,515 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$271.8K
$237.8K – $317.1K
NOI $19,026 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$805.3K
$704.6K – $939.5K
NOI $56,371 @ 7.0% cap · market cap 26.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 18706, PA
16,338
Population
7,675
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
621
Density / Sq Mi
$57,546
Median Household Income
$38,381
Median Earnings
$883
Median Rent
$121,900
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?
Duplex - Tenant-occupied duplex with five bedrooms, two bathrooms, electric baseboard heat, and public water.
Where is this duplex located?
The property is located at 207 Bauer Street Hanover Township, PA.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: 2,542‑square‑foot duplex on a 0.093‑acre lot; Five bedrooms and two bathrooms; Basement included
