Three-Story Brick Mixed-Use
For Sale
$630,000
342-344 Wyoming Avenue, Kingston, PA 18704
Multi-Family, Kingston, PA
Property Size4,800 SF
Lot Size0.17 Acres
Price / SF$131.25
Days on Market58
Property Features for 342-344 Wyoming Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Off Street
Exterior features
Brick
Basement
Full, Concrete
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Apartment building is next to the Valero on Wyoming Ave. Across the street from Kingston Veterinary Clinic. Private parking lot is on the left hand side adjacent to Tire Choice Auto.
Subdivision
Kingston-Forty Fort-Swoyersville
Standard status
Active
APN
G9SE4019013-34, G9SE4019014-34
Size
4,800 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4581
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Amenities
parking lot
Building Details
Roof type
Built-Up
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS
(570) 283-9100
Listed By:
Edmund H Poggi IV · License #RM421804
(570) 991-7944
Added: Jul 17
Changed: Sep 10
Last Checked: Sep 11 at 11:06PM
MLS# 26-2775
Copyright © 2026 Luzerne County Association of REALTORS®. 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.
Located at 342-344 Wyoming Avenue in Kingston, Pennsylvania, this three-level mixed-use property combines commercial and residential components within a 4,800-square-foot brick building. The ground floor contains 1,800 square feet suited for retail or office use, while four apartments occupy the upper two floors.
The property occupies a 0.1737-acre lot and includes an adjacent paved parking area accommodating 10+ cars. Building systems include five electrical services and five gas hot-water furnaces, with baseboard heating and wall-unit cooling. Public water serves the property, and the roof is built-up. Off-street parking is provided.
The property occupies a 0.1737-acre lot and includes an adjacent paved parking area accommodating 10+ cars. Building systems include five electrical services and five gas hot-water furnaces, with baseboard heating and wall-unit cooling. Public water serves the property, and the roof is built-up. Off-street parking is provided.
Key Highlights
- 4,800‑square‑foot three‑story brick mixed‑use building
- 1,800 square feet of first‑floor retail or office space
- Four apartments on the second and third floors
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
$47,520
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
7.54%
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%
$950,400
$950.4K
Cap Rate 7%
$678,857
$678.9K
Cap Rate 9%
$528,000
$528.0K
Market Conditions
NOI Build-Up for 4,800 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
$86.4K $18.00/SF
− Vacancy
−$10.4K −$2.16/SF
EGI
$76.0K $15.84/SF
− OpEx
−$28.5K −$5.94/SF
NOI
$47.5K $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%
$950,400
Cap Rate 7%
$678,857
Cap Rate 9%
$528,000
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,681 @ 7.0% cap · market cap 13.44%
Second Best
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,445 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,720
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with four apartments and paved off-street parking.
Where is this mixed-use property located?
The property is located at 342-344 Wyoming Avenue 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: 4,800‑square‑foot three‑story brick mixed‑use building; 1,800 square feet of first‑floor retail or office space; Four apartments on the second and third floors
