4-Unit Quadplex with Private
For Sale
$355,000
440 Washington Ave, Jermyn, PA 18433
Fully occupied residential income property with varied unit layouts and shared outdoor amenities.
Property Size3,375 SF
Price / SF$105.19
Days on Market399
Property Features for 440 Washington Ave
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,863
Listing Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Source:
Exprealty
Added: Jul 29, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:09PM
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 SIX PM LLC
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains three 1-bedroom apartments and one 2-bedroom apartment, totaling 3,375 square feet. All units are occupied, with long-term tenants in place. The property includes a large private parking lot and multiple outdoor areas, including a front porch, rear deck, and back porch.
A basement provides washer/dryer hookups and dedicated storage space for tenant use. Located at 440 Washington Ave in Jermyn, Pennsylvania, the property combines four residential units with practical shared amenities and existing occupancy.
A basement provides washer/dryer hookups and dedicated storage space for tenant use. Located at 440 Washington Ave in Jermyn, Pennsylvania, the property combines four residential units with practical shared amenities and existing occupancy.
Key Highlights
- Four‑unit configuration with three 1‑bedroom units and one 2‑bedroom unit
- 3,375 square feet of residential income property
- Fully occupied with long‑term tenants in place
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
$27,833
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
7.84%
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%
$556,660
$556.7K
Cap Rate 7%
$397,614
$397.6K
Cap Rate 9%
$309,256
$309.3K
Market Conditions
NOI Build-Up for 3,375 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
$42.5K $12.60/SF
− Vacancy
−$2.8K −$0.82/SF
EGI
$39.8K $11.78/SF
− OpEx
−$11.9K −$3.53/SF
NOI
$27.8K $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%
$556,660
Cap Rate 7%
$397,614
Cap Rate 9%
$309,256
Alternative Uses
Best Use
Multifamily LT 5
$397.6K
$347.9K – $463.9K
NOI $27,833 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$856.6K
$749.6K – $999.4K
NOI $59,965 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 18433, PA
6,416
Population
3,390
Households
1.9
Avg Household Size
45
Median Age
31%
College-Educated
96%
High-School Grad
28.8 sq mi
ZIP Area
223
Density / Sq Mi
$76,847
Median Household Income
$57,924
Median Earnings
$929
Median Rent
$201,800
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?
Quadplex - Fully occupied residential income property with varied unit layouts and shared outdoor amenities.
Where is this quadplex located?
The property is located at 440 Washington Ave Jermyn, PA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Four‑unit configuration with three 1‑bedroom units and one 2‑bedroom unit; 3,375 square feet of residential income property; Fully occupied with long‑term tenants in place
