Duplex with Two Spacious
For Sale
$395,900
211 Wilkes Barre Street, Easton, PA 18042
Occupied duplex with separate utilities, flexible leases, private basement access, yard space, and off-street parking.
Property Size1,952 SF
Price / SF$202.82
Days on Market9
Property Features for 211 Wilkes Barre Street
General Information
Standard status
Active
Size
1,952 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR, 1 x 4BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,470
Amenities
laundry hookups
Building Details
Buildings
1
Listing Agency:
Allentown City Realty
(484) 626-3842
Listed By:
Luis Romano
(484) 626-3842
Source:
Exprealty
Added: Aug 2
Changed: Aug 8
Last Checked: Aug 9 at 12:04PM
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 Allentown City Realty
Investment Insights
Based on property information with market context.
This 1,952-square-foot duplex contains two occupied units under month-to-month leases. The lower residence offers three bedrooms, private access to the basement, and sliding-door access to a generous yard. The upper residence includes four bedrooms and a bonus room, providing distinct layouts across both levels.
Separate gas and electric utilities serve the units. Both residences include laundry hookups, and the property provides off-street parking for four vehicles. Located at 211 Wilkes Barre Street in Easton, Pennsylvania, the property is configured for continued use as a two-unit residential asset.
Separate gas and electric utilities serve the units. Both residences include laundry hookups, and the property provides off-street parking for four vehicles. Located at 211 Wilkes Barre Street in Easton, Pennsylvania, the property is configured for continued use as a two-unit residential asset.
Key Highlights
- 1,952 SF duplex with two occupied residential units
- Lower unit includes 3 bedrooms, private basement access, and yard access
- Upper unit offers 4 bedrooms plus a bonus room
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
$12,905
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
3.26%
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%
$258,100
$258.1K
Cap Rate 7%
$184,357
$184.4K
Cap Rate 9%
$143,389
$143.4K
Market Conditions
NOI Build-Up for 1,952 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
$19.9K $10.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$18.4K $9.44/SF
− OpEx
−$5.5K −$2.83/SF
NOI
$12.9K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /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%
$258,100
Cap Rate 7%
$184,357
Cap Rate 9%
$143,389
Alternative Uses
Best Use
Multifamily LT 5
$184.4K
$161.3K – $215.1K
NOI $12,905 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$169.7K
$148.5K – $198.0K
NOI $11,878 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$370.2K
$324.0K – $431.9K
NOI $25,916 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
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 - Occupied duplex with separate utilities, flexible leases, private basement access, yard space, and off-street parking.
Where is this duplex located?
The property is located at 211 Wilkes Barre Street Easton, PA.
What is the asking price?
The asking price for this property is $395,900.
What are key features of this property?
This property features: 1,952 SF duplex with two occupied residential units; Lower unit includes 3 bedrooms, private basement access, and yard access; Upper unit offers 4 bedrooms plus a bonus room
