Three-Story Brick Mixed-Use
For Sale
$695,000
342-344 Wyoming Ave, Kingston, PA 18704
Brick construction combines first-floor commercial space with four apartments arranged across the upper floors.
Property Size4,500 SF
Price / SF$154.44
Days on Market140
Property Features for 342-344 Wyoming Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi-Family
Zoning
C-2
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Building Details
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS
(570) 283-9100
Listed By:
Edmund H Poggi IV · License #RM421804
Source:
Nepahousehunt
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 7:58PM
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 Berkshire Hathaway HomeServices Poggi, REALTORS
Investment Insights
Based on property information with market context.
This three-story, all-brick mixed-use building combines commercial space and multifamily housing in one property. The first floor contains 1,800 Sq Ft configured for retail or office use, while four apartments occupy the second and third floors. The building includes five electrical services and five gas hot water furnaces.
Located at 342-344 Wyoming Ave in Kingston, the property includes an adjacent paved parking lot with capacity for 10+ cars. C-2 zoning supports the property’s mixed commercial and residential configuration.
Located at 342-344 Wyoming Ave in Kingston, the property includes an adjacent paved parking lot with capacity for 10+ cars. C-2 zoning supports the property’s mixed commercial and residential configuration.
Key Highlights
- 1,800 Sq Ft of first‑floor retail or office space
- Four apartments across the second and third floors
- Three‑story, all‑brick construction
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
$44,550
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
6.41%
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%
$891,000
$891.0K
Cap Rate 7%
$636,429
$636.4K
Cap Rate 9%
$495,000
$495.0K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$9.7K −$2.16/SF
EGI
$71.3K $15.84/SF
− OpEx
−$26.7K −$5.94/SF
NOI
$44.6K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$891,000
Cap Rate 7%
$636,429
Cap Rate 9%
$495,000
Alternative Uses
Best Use
Mixed Use
$636.4K
$556.9K – $742.5K
NOI $44,550 @ 7.0% cap · market cap 6.41%
Second Best
Retail
$534.6K
$467.8K – $623.7K
NOI $37,422 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines first-floor commercial space with four apartments arranged across the upper floors.
Where is this mixed-use property located?
The property is located at 342-344 Wyoming Ave Kingston, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,800 Sq Ft of first‑floor retail or office space; Four apartments across the second and third floors; Three‑story, all‑brick construction
