Side-by-Side Duplex
For Sale
$239,000
Pending
208-210 Dickson Street, Duryea, PA 18642
Side-by-side duplex with two units, including a full basement, public water and sewer, and natural gas heat.
Property Size2,818 SF
Days on Market63
Property Features for 208-210 Dickson Street
General Information
Standard status
Pending
Size
2,818 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,060
Building Details
Building Size
2,818 SF
Year Built
1930
Listing Agency:
eXp Realty- Scranton/Wilkes-Barre
Listed By:
Jason Giomboni Team
Source:
Luxehomesnepa
Added: Jun 29
Changed: Aug 13
Last Checked: Aug 29 at 2:13PM
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 eXp Realty- Scranton/Wilkes-Barre
Investment Insights
Based on property information with market context.
Located at 208-210 Dickson Street in Duryea, this side-by-side duplex offers two separate units with a combined 5 bedrooms and 2 full bathrooms. The unit mix includes one 2-bedroom, 1-bath layout and one 3-bedroom, 1-bath layout, with over 2,100 square feet of living space total. The property also includes a full basement, aluminum siding, and a level lot with convenient on-street parking.
Utilities and heating include public water and sewer plus natural gas heat. The location is described as just minutes from shopping, schools, major highways, and local amenities, supporting practical day-to-day access for tenants or an owner-occupant.
Utilities and heating include public water and sewer plus natural gas heat. The location is described as just minutes from shopping, schools, major highways, and local amenities, supporting practical day-to-day access for tenants or an owner-occupant.
Key Highlights
- Side‑by‑side duplex with two separate units and over 2,100 SF of living space
- Total of 5 bedrooms and 2 full bathrooms: Unit 1 has 2BR/1BA; Unit 2 has 3BR/1BA
- Full basement plus public water and sewer
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
$16,948
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
7.09%
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%
$338,960
$339.0K
Cap Rate 7%
$242,114
$242.1K
Cap Rate 9%
$188,311
$188.3K
Market Conditions
NOI Build-Up for 2,100 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
$26.5K $12.60/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$24.2K $11.53/SF
− OpEx
−$7.3K −$3.46/SF
NOI
$16.9K $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 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%
$338,960
Cap Rate 7%
$242,114
Cap Rate 9%
$188,311
Alternative Uses
Best Use
Multifamily LT 5
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$224.5K
$196.5K – $262.0K
NOI $15,718 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$665.3K
$582.1K – $776.2K
NOI $46,570 @ 7.0% cap · market cap 19.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 18642, PA
4,547
Population
2,062
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
93%
High-School Grad
5.4 sq mi
ZIP Area
842
Density / Sq Mi
$61,587
Median Household Income
$39,091
Median Earnings
$1,122
Median Rent
$154,100
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 - Side-by-side duplex with two units, including a full basement, public water and sewer, and natural gas heat.
Where is this duplex located?
The property is located at 208-210 Dickson Street Duryea, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two separate units and over 2,100 SF of living space; Total of 5 bedrooms and 2 full bathrooms: Unit 1 has 2BR/1BA; Unit 2 has 3BR/1BA; Full basement plus public water and sewer
