Remodeled Duplex with Separate
For Sale
$199,000
304-306 Jackson Street, Olyphant, PA 18447
Updated two-unit property with vacant residences, individual utilities, and washer/dryer hookups.
Property Size1,375 SF
Days on Market49
Property Features for 304-306 Jackson Street
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,487
Building Details
Building Size
1,375 SF
Year Built
1920
Listing Agency:
EXP Realty LLC
Listed By:
Amanda Wilson · License #2019007423
(866) 212-4991
Source:
Luxehomesnepa
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 3:50PM
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 LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this remodeled duplex contains two separate residences, each configured with two bedrooms and one bathroom. Both units are vacant and ready for occupancy, giving the next owner immediate flexibility for personal use, leasing, or a combination of both. Washer/dryer hookups are provided in each unit, and utilities are separately metered.
The property is located on Jackson Street in Olyphant, Pennsylvania, within a residential neighborhood. Its two-unit layout and independently serviced residences provide a straightforward configuration for residential income ownership or owner occupancy with a second unit.
The property is located on Jackson Street in Olyphant, Pennsylvania, within a residential neighborhood. Its two-unit layout and independently serviced residences provide a straightforward configuration for residential income ownership or owner occupancy with a second unit.
Key Highlights
- Two‑unit duplex with a 2‑bedroom, 1‑bath layout in each residence
- Fully remodeled and currently vacant
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,339
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,780
$226.8K
Cap Rate 7%
$161,986
$162.0K
Cap Rate 9%
$125,989
$126.0K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$17.3K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$16.2K $11.78/SF
− OpEx
−$4.9K −$3.53/SF
NOI
$11.3K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,780
Cap Rate 7%
$161,986
Cap Rate 9%
$125,989
Alternative Uses
Best Use
Multifamily LT 5
$162.0K
$141.7K – $189.0K
NOI $11,339 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$151.4K
$132.5K – $176.7K
NOI $10,600 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with vacant residences, individual utilities, and washer/dryer hookups.
Where is this duplex located?
The property is located at 304-306 Jackson Street Olyphant, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath layout in each residence; Fully remodeled and currently vacant; Separate utilities for each unit
