Building Details

Year Built 1892

Listing Agency: Pro Real Estate Services, Inc. m***@yahoo.com Show Phone

Listed By: Mark E Humphreys · License #RM425322 Show Phone

Source: Cummingsrealtors

Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 2:39PM

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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 Pro Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

This Nescopeck duplex contains 1,728 square feet across two separate residences. Both units have two bedrooms and one full bathroom. The building dates to 1892 and is located at 317-319 Broad Street in Nescopeck, Pennsylvania.

Key Highlights

• Two separate residential units
• Each unit includes 2 bedrooms and 1 full bath
• 1,728 square feet

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

$13,945

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

5.93%

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%

$278,900 $278.9K

Cap Rate 7%

$199,214 $199.2K

Cap Rate 9%

$154,944 $154.9K

Market Conditions

NOI Build-Up for 1,728 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

$21.8K $12.60/SF

− Vacancy

−$1.9K −$1.07/SF

EGI

$19.9K $11.53/SF

− OpEx

−$6.0K −$3.46/SF

NOI

$13.9K $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%

$278,900

Cap Rate 7%

$199,214

Cap Rate 9%

$154,944

Alternative Uses

Best Use

Multifamily LT 5

$199.2K

$174.3K – $232.4K (±1% cap)

NOI $13,945 @ 7.0% cap · market cap 5.93%

Second Best

Apartment 5plus

$184.8K

$161.7K – $215.6K (±1% cap)

NOI $12,934 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$547.4K

$479.0K – $638.7K (±1% cap)

NOI $38,320 @ 7.0% cap · market cap 16.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop HVAC Service Real Estate Agency Kitchen & Bath Showroom Bakery Skin Care Clinic

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has two bedrooms and one full bathroom.

Where is this duplex located?

The property is located at 317-319 BROAD STREET Nescopeck, PA.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Two separate residential units; Each unit includes 2 bedrooms and 1 full bath; 1,728 square feet