Two-Unit Home with Detached
For Sale
$270,000
Pending
321 Small Street, Blakely, PA 18452
Residential Income, Blakely, PA
Property Size2,408 SF
Lot Size0.20 Acres
Days on Market47
Property Features for 321 Small Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2
Parking features
Garage, Off Street
Patio and Porch features
Porch
Basement
Unfinished
Elementary school district
Valley View
Middle school district
Valley View
High school district
Valley View
Directions
Main Street Peckville to Maple St, parking is on the Maple St side, though the home fronts Small St.
Standard status
Pending
APN
10316060027
Size
2,408 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
40X75x40x75x80x150 W-03 B-0020 L-0120
Tax Annual Amount
2581
Legal Description
40X75x40x75x80x150 W-03 B-0020 L-0120
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
1st floor laundry
gas heat
some hardwood floors
modern kitchens & bath's
fenced yard
detached garage
off-street parking
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 29 at 12:06AM
MLS# SC263401
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,408 square feet on a 0.20-acre lot and was built in 1940. The property includes four bedrooms, three bathrooms, a basement, and a first-floor laundry area. Interior features include hardwood flooring in select areas, updated kitchens and bathrooms, and natural-gas heating.
A detached garage, additional off-street parking, a fenced yard, and a porch provide practical exterior amenities. The property is served by public water and public sewer and carries R-2 zoning. Located at 321 Small Street in Blakely, Pennsylvania, it offers a two-unit residential configuration with established site improvements.
A detached garage, additional off-street parking, a fenced yard, and a porch provide practical exterior amenities. The property is served by public water and public sewer and carries R-2 zoning. Located at 321 Small Street in Blakely, Pennsylvania, it offers a two-unit residential configuration with established site improvements.
Key Highlights
- Duplex with 2,408 square feet on a 0.20‑acre lot
- Four bedrooms, three bathrooms, and a basement
- Detached garage plus off‑street parking
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
$19,858
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
7.35%
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%
$397,160
$397.2K
Cap Rate 7%
$283,686
$283.7K
Cap Rate 9%
$220,644
$220.6K
Market Conditions
NOI Build-Up for 2,408 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
$30.3K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.4K $11.78/SF
− OpEx
−$8.5K −$3.53/SF
NOI
$19.9K $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%
$397,160
Cap Rate 7%
$283,686
Cap Rate 9%
$220,644
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.2K – $331.0K
NOI $19,858 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 18452, PA
4,950
Population
2,502
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
2,605
Density / Sq Mi
$58,526
Median Household Income
$32,234
Median Earnings
$960
Median Rent
$189,200
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 - R-2-zoned residential property with a fenced yard, porch, and off-street parking.
Where is this duplex located?
The property is located at 321 Small Street Blakely, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Duplex with 2,408 square feet on a 0.20‑acre lot; Four bedrooms, three bathrooms, and a basement; Detached garage plus off‑street parking
