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: Oct 7 Last Checked: Oct 9 at 9:51PM

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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 / Yr

$13,945

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

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

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 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

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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