Duplex with Separate Electric
For Sale
$249,000
302 Chestnut Avenue, Hawley, PA 18428
MULTI_FAMILY - Contemporary - Hawley, PA
Property Size1,400 SF
Lot Size0.12 Acres
Price / SF$177.86
Days on Market48
Property Features for 302 Chestnut Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Basement, Bedroom 2, Bedroom 3
Parking
4
Parking features
On Street
Interior features
Ceiling Fan(s)
Basement
Full
Appliances
Electric Oven, Washer/Dryer, Range, Refrigerator, Free-Standing Range
Lot features
Not In Development, Paved, Open Lot
Elementary school district
Wallenpaupack School District
Middle school district
Wallenpaupack School District
High school district
Wallenpaupack School District
Directions
Rt 6 West into Hawley, Left on Keystone, Left on Chestnut, Home on Right. Units 302A & 302B
Standard status
Active
APN
10-0-0004-0090
Size
1,400 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
R-4086/187
Tax Annual Amount
2911
Legal Description
R-4086/187
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
stove
refrigerator
washer
dryer
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Laminate, Vinyl
Building materials
Vinyl Siding
Roof type
Asbestos Shingle
Architectural style
Contemporary
Listing Agency:
CENTURY 21 Country Lake Homes - Hawley
(570) 226-4000
Listed By:
Robert McGinnis · License #RS130275A
(570) 226-2131
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 11 at 9:06PM
MLS# PW-262078
Copyright © 2026 Pike/Wayne Association of Realtors MLS. 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 1,400-square-foot duplex at 302 Chestnut Avenue contains two two-bedroom residences. One apartment has one bathroom and is vacant, while the other includes one-and-a-half bathrooms and is tenant-occupied. Both units are equipped with kitchens, electric ovens or ranges, refrigerators, and washers and dryers. Separate electric meters serve the apartments.
The property occupies 0.12 acres in Hawley, near downtown, shopping, Hawley Park, and restaurants. Construction includes vinyl siding, with ceramic tile, carpet, laminate, and vinyl flooring across the building. Forced-air natural gas heat, ceiling fans, public water, public sewer, and cable availability are among the property features. On-street parking is provided, and the building was constructed in 1900.
The property occupies 0.12 acres in Hawley, near downtown, shopping, Hawley Park, and restaurants. Construction includes vinyl siding, with ceramic tile, carpet, laminate, and vinyl flooring across the building. Forced-air natural gas heat, ceiling fans, public water, public sewer, and cable availability are among the property features. On-street parking is provided, and the building was constructed in 1900.
Key Highlights
- Two‑unit duplex with 1,400 square feet of property size
- 0.12‑acre lot at 302 Chestnut Avenue, Hawley, PA 18428
- One 2‑bedroom, 1‑bath unit is vacant; second 2‑bedroom, 1.5‑bath unit is tenant‑occupied
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
$15,229
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
6.12%
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%
$304,580
$304.6K
Cap Rate 7%
$217,557
$217.6K
Cap Rate 9%
$169,211
$169.2K
Market Conditions
NOI Build-Up for 1,400 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
$23.5K $16.80/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$21.8K $15.54/SF
− OpEx
−$6.5K −$4.66/SF
NOI
$15.2K $10.88/SF
Area
Wayne County, PA
Vacancy
7.50%
Lease Rate
$16.80 /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%
$304,580
Cap Rate 7%
$217,557
Cap Rate 9%
$169,211
Alternative Uses
Best Use
Multifamily LT 5
$217.6K
$190.4K – $253.8K
NOI $15,229 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$188.4K
$164.9K – $219.9K
NOI $13,191 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$341.4K
$298.7K – $398.3K
NOI $23,896 @ 7.0% cap · market cap 9.60%
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
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 18428, PA
12,314
Population
9,606
Households
1.3
Avg Household Size
52
Median Age
30%
College-Educated
95%
High-School Grad
151.1 sq mi
ZIP Area
81
Density / Sq Mi
$75,463
Median Household Income
$37,573
Median Earnings
$1,195
Median Rent
$263,300
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 - One residence is vacant while the other is occupied, supporting immediate owner use or leasing flexibility.
Where is this duplex located?
The property is located at 302 Chestnut Avenue Hawley, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,400 square feet of property size; 0.12‑acre lot at 302 Chestnut Avenue, Hawley, PA 18428; One 2‑bedroom, 1‑bath unit is vacant; second 2‑bedroom, 1.5‑bath unit is tenant‑occupied
