Remodeled Duplex with Separate
New
For Sale
$210,000
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 Market4
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: Sep 3
Last Checked: Sep 3 at 2:27AM
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
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 = 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
$11,339
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
5.40%
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%
$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
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
$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 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%
$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 5.40%
Second Best
Apartment 5plus
$151.4K
$132.5K – $176.7K
NOI $10,600 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $210,000.
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
