Renovated Duplex with Separate
New
For Sale
$240,000
36 Oneill Avenue, Wilkes Barre, PA 18702
Residential Income, Wilkes Barre, PA
Property Size2,588 SF
Lot Size0.04 Acres
Price / SF$92.74
Days on Market5
Property Features for 36 Oneill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Basement, Bedroom 1
Patio and Porch features
Porch
Basement
Unfinished, Block, Full
Appliances
Electric Oven, Refrigerator
Elementary school district
Wilkes-Barre Area
Middle school district
Wilkes-Barre Area
High school district
Wilkes-Barre Area
Subdivision
Wilkes Barre City
Standard status
Active
APN
73-H10NW1-005-013-000
Size
2,588 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
38 O'Neill Ave
Tax Annual Amount
379
Legal Description
38 O'Neill Ave
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
basement
yard
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Softwood
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
I-Do Real Estate
Listed By:
Basel Ido
(484) 951-1655
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 27 at 1:06PM
MLS# PM-144990
Copyright © 2026 Pocono Mountains 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.
Renovated duplex containing 2,588 square feet across two residential units. Each unit offers two bedrooms, one full bathroom, a living room, dining area, and kitchen, with electric baseboard heating and a mix of vinyl, softwood, and carpet flooring. Electric ovens and refrigerators are included.
Built in 1925 with Colonial styling and vinyl siding, the property includes a full unfinished basement, porch, and yard. Separate hot water heaters, water meters, and electrical panels serve the individual units. The 0.04-acre property is connected to public water and public sewer and is located near shopping, dining, local amenities, and major roadways in Wilkes-Barre, Pennsylvania.
Built in 1925 with Colonial styling and vinyl siding, the property includes a full unfinished basement, porch, and yard. Separate hot water heaters, water meters, and electrical panels serve the individual units. The 0.04-acre property is connected to public water and public sewer and is located near shopping, dining, local amenities, and major roadways in Wilkes-Barre, Pennsylvania.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- 2,588 square feet on a 0.04‑acre lot
- Separate hot water heaters, water meters, and electrical panels for each unit
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
$20,886
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
8.70%
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%
$417,720
$417.7K
Cap Rate 7%
$298,371
$298.4K
Cap Rate 9%
$232,067
$232.1K
Market Conditions
NOI Build-Up for 2,588 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
$32.6K $12.60/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$29.8K $11.53/SF
− OpEx
−$9.0K −$3.46/SF
NOI
$20.9K $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 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%
$417,720
Cap Rate 7%
$298,371
Cap Rate 9%
$232,067
Alternative Uses
Best Use
Multifamily LT 5
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$819.9K
$717.4K – $956.5K
NOI $57,391 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
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?
Duplex - Two two-bedroom units include individual water meters and electrical panels.
Where is this duplex located?
The property is located at 36 Oneill Avenue Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; 2,588 square feet on a 0.04‑acre lot; Separate hot water heaters, water meters, and electrical panels for each unit
