Listing Agency: Harvey Z Raad Real Estate m***@gmail.com Show Phone

Listed By: Montana A. Youssef Show Phone

Source: Exprealty

Added: Jul 27 Changed: Aug 21 Last Checked: Aug 23 at 3:10AM

Report an Issue

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 Harvey Z Raad Real Estate

Investment Insights

Based on property information with market context.

This duplex combines a two-story front residence with a separate apartment positioned above the rear garage. The front home includes 3 bedrooms and 2 full bathrooms, while the upstairs apartment provides 2 bedrooms and additional residential space.

The rear garage measures 40' x 23' and features 14-foot ceilings. Its size and configuration support storage, workshop, contractor, or hobby use, subject to applicable requirements. Located at 46 E Hazard St in Summit Hill, PA, the property brings residential space, a second living unit, and substantial enclosed garage capacity together in one asset.

Key Highlights

• Two‑unit layout with a 3‑bedroom front home and 2‑bedroom apartment
• Front residence offers 2 stories and 2 full bathrooms
• Rear garage measures 40' x 23' with 14‑foot ceilings

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

$14,098

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

6.71%

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%

$281,960 $282.0K

Cap Rate 7%

$201,400 $201.4K

Cap Rate 9%

$156,644 $156.6K

Market Conditions

NOI Build-Up for 1,344 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

$21.8K $16.20/SF

− Vacancy

−$1.6K −$1.22/SF

EGI

$20.1K $14.99/SF

− OpEx

−$6.0K −$4.50/SF

NOI

$14.1K $10.49/SF

Area

Carbon County, PA

Vacancy

7.50%

Lease Rate

$16.20 /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%

$281,960

Cap Rate 7%

$201,400

Cap Rate 9%

$156,644

Alternative Uses

Best Use

Multifamily LT 5

$201.4K

$176.2K – $235.0K (±1% cap)

NOI $14,098 @ 7.0% cap · market cap 6.71%

Second Best

Apartment 5plus

$177.2K

$155.0K – $206.7K (±1% cap)

NOI $12,401 @ 7.0% cap · market cap 5.91%

Theoretical Best

Specialty Retail

$264.0K

$231.0K – $308.1K (±1% cap)

NOI $18,483 @ 7.0% cap · market cap 8.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Pharmacy (Bike/Boat/Book/etc) Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area Business Placement

Demographics for 18250, PA

3,046

Population

1,312

Households

2.3

Avg Household Size

43

Median Age

8%

College-Educated

94%

High-School Grad

10.5 sq mi

ZIP Area

290

Density / Sq Mi

$66,685

Median Household Income

$38,981

Median Earnings

$1,172

Median Rent

$99,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Turn-Key Sports Bar and Restaurant

10 Lehigh Street, Summit Hill, PA 18250

$480,000

1,148 SF

View details

Duplex with Oversized Garage

46 E Hazard Street, Summit Hill, PA 18250

$210,000

1,344 SF

View details

Restaurant and Bar with Apartment

10 E LEHIGH STREET, Summit Hill, PA 18250

$480,000

0.45 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-story front residence pairs with a two-bedroom apartment above a 14-foot-ceiling garage.

Where is this duplex located?

The property is located at 46 E Hazard St Summit Hill, PA.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Two‑unit layout with a 3‑bedroom front home and 2‑bedroom apartment; Front residence offers 2 stories and 2 full bathrooms; Rear garage measures 40' x 23' with 14‑foot ceilings