Three-Story Brick Mixed-Use
For Sale
$630,000
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$140
Days on Market146
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
Listed By:
Edmund H Poggi IV · License #RM421804
(570) 283-9100
Source:
Nepahousehunt
Added: May 23
Changed: Oct 1
Last Checked: Oct 14 at 11:38PM
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 / Yr
$44,550
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
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
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 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 7.07%
Second Best
Retail
$534.6K
$467.8K – $623.7K
NOI $37,422 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 $630,000.
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
