Duplex With Separate
New
For Sale
$209,900
226 St Clair, Wilkes Barre, PA 18705
Multi-Family, Wilkes-Barre, PA
Property Size2,240 SF
Lot Size0.17 Acres
Price / SF$93.71
Days on Market4
Property Features for 226 St Clair
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Parking features
Off Street
Exterior features
Vinyl
Basement
Partial, Unfinished
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From WB, take Wilkes-Barre Blvd, stay straight onto N Washington St, right on E Thomas, left onto Saint Clair, home on left.
Subdivision
Wilkes Barre
Standard status
Active
APN
73-G10SE1-003-010
Size
2,240 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1914
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Rubbico Real Estate · Realty World
(570) 826-1600
Listed By:
Stacey L Lauer · License #RS272611
(570) 826-1600
Added: Aug 27
Last Checked: Aug 30 at 1:06PM
MLS# 26-4371
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 residential duplex contains 2,240 square feet across two units, with each offering three bedrooms, a living room, kitchen, dining area, and full bathroom. Both kitchens have been updated with center islands and granite countertops, while the bathrooms also feature updates. Separate utilities serve each unit, supporting distinct residential occupancy arrangements.
The property sits on 0.1722 acres and includes a basement, vinyl exterior, shingle roofing, and off-street parking. Heating is provided by baseboard and hot water systems, with public water service and residential zoning. Located in Wilkes-Barre, the property provides a two-unit configuration suited to an owner-occupant or residential income strategy.
The property sits on 0.1722 acres and includes a basement, vinyl exterior, shingle roofing, and off-street parking. Heating is provided by baseboard and hot water systems, with public water service and residential zoning. Located in Wilkes-Barre, the property provides a two-unit configuration suited to an owner-occupant or residential income strategy.
Key Highlights
- Two‑unit duplex totaling 2,240 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
- Updated kitchens with center islands and granite countertops
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
$18,077
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
8.61%
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%
$361,540
$361.5K
Cap Rate 7%
$258,243
$258.2K
Cap Rate 9%
$200,856
$200.9K
Market Conditions
NOI Build-Up for 2,240 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
$28.2K $12.60/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$25.8K $11.53/SF
− OpEx
−$7.7K −$3.46/SF
NOI
$18.1K $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%
$361,540
Cap Rate 7%
$258,243
Cap Rate 9%
$200,856
Alternative Uses
Best Use
Multifamily LT 5
$258.2K
$226.0K – $301.3K
NOI $18,077 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,766 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$709.6K
$620.9K – $827.9K
NOI $49,674 @ 7.0% cap · market cap 23.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
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 - Two residential units offer updated kitchens, full bathrooms, and off-street parking.
Where is this duplex located?
The property is located at 226 St Clair Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,240 square feet; Each unit includes 3 bedrooms and 1 full bathroom; Updated kitchens with center islands and granite countertops
