Listing Agency: EXP Realty, LLC m***@gmail.com Show Phone

Listed By: MARC NESPOLI · License #RS336155 Show Phone

Source: Exprealty

Added: Jun 12 Changed: Aug 30 Last Checked: Aug 30 at 4:46AM

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Investment Insights

Based on property information with market context.

This duplex in Nescopeck, Pennsylvania contains two separate residential units within approximately 1,646 square feet of property. The configuration supports independent living spaces under one ownership structure and is suited to continued multifamily rental use.

The property is located at 316 W 3rd St and sits adjacent to 308-314 W Third Street, another property offered by the same owner. Acquiring both properties would create an assemblage totaling 8 rental units with additional garage and storage space. Current rents, lease details, operating expenses, and package pricing are available through the listing representative.

Key Highlights

• Two‑unit duplex configuration with separate living spaces
• Approximately 1,646 square feet of property
• Located at 316 W 3rd St in Nescopeck, PA

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

$13,284

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

6.36%

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%

$265,680 $265.7K

Cap Rate 7%

$189,771 $189.8K

Cap Rate 9%

$147,600 $147.6K

Market Conditions

NOI Build-Up for 1,646 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

$20.7K $12.60/SF

− Vacancy

−$1.8K −$1.07/SF

EGI

$19.0K $11.53/SF

− OpEx

−$5.7K −$3.46/SF

NOI

$13.3K $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%

$265,680

Cap Rate 7%

$189,771

Cap Rate 9%

$147,600

Alternative Uses

Best Use

Multifamily LT 5

$189.8K

$166.1K – $221.4K (±1% cap)

NOI $13,284 @ 7.0% cap · market cap 6.36%

Second Best

Apartment 5plus

$176.0K

$154.0K – $205.3K (±1% cap)

NOI $12,320 @ 7.0% cap · market cap 5.89%

Theoretical Best

Office A

$521.5K

$456.3K – $608.4K (±1% cap)

NOI $36,502 @ 7.0% cap · market cap 17.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Real Estate Agency Kitchen & Bath Showroom Skin Care Clinic Plumbing Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Explore this area Business Placement

Demographics for 18635, PA

3,773

Population

1,727

Households

2.2

Avg Household Size

46

Median Age

21%

College-Educated

94%

High-School Grad

37.8 sq mi

ZIP Area

100

Density / Sq Mi

$70,774

Median Household Income

$45,814

Median Earnings

$900

Median Rent

$187,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate living spaces provide a straightforward multifamily rental configuration in a Pennsylvania community.

Where is this duplex located?

The property is located at 316 W 3rd St Nescopeck, PA.

What is the asking price?

The asking price for this property is $209,000.

What are key features of this property?

This property features: Two‑unit duplex configuration with separate living spaces; Approximately 1,646 square feet of property; Located at 316 W 3rd St in Nescopeck, PA