Commercial-Residential
For Sale
$290,000
5 N Church St, Carbondale, PA 18407
Three-unit property with two vacant units and commercial/residential zoning flexibility.
Property Size3,276 SF
Price / SF$88.52
Days on Market122
Property Features for 5 N Church St
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Residential Income
Zoning
Commercial\/Combination Commercial \/Residential
Property Condition
Severity
Repairs Needed
Evidence
waiting for a refresh
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,218
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(570) 906-7259
Listed By:
Robin Lynn Decker
(570) 906-7259
Source:
Exprealty
Added: May 1
Changed: Aug 30
Last Checked: Jul 4 at 10:30PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 3,276-square-foot triplex contains three units and was constructed in 1940. Two units are currently vacant and are identified as needing a refresh, creating a property with both existing residential configuration and near-term improvement considerations.
The building is located at 5 N Church St in Carbondale, Pennsylvania. Its Commercial/Combination Commercial/Residential zoning supports the property’s combined commercial and residential designation. The three-unit layout and zoning profile provide a flexible framework for evaluating residential occupancy, owner use, or business-related applications, subject to applicable requirements.
The building is located at 5 N Church St in Carbondale, Pennsylvania. Its Commercial/Combination Commercial/Residential zoning supports the property’s combined commercial and residential designation. The three-unit layout and zoning profile provide a flexible framework for evaluating residential occupancy, owner use, or business-related applications, subject to applicable requirements.
Key Highlights
- 3,276‑square‑foot triplex with three units
- Two of the three units are vacant and need a refresh
- Zoned Commercial/Combination Commercial/Residential
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
$25,256
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
8.71%
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%
$505,120
$505.1K
Cap Rate 7%
$360,800
$360.8K
Cap Rate 9%
$280,622
$280.6K
Market Conditions
NOI Build-Up for 3,276 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
$48.7K $14.88/SF
− Vacancy
−$2.8K −$0.86/SF
EGI
$45.9K $14.02/SF
− OpEx
−$20.7K −$6.31/SF
NOI
$25.3K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$505,120
Cap Rate 7%
$360,800
Cap Rate 9%
$280,622
Alternative Uses
Best Use
Multifamily LT 5
$385.9K
$337.7K – $450.3K
NOI $27,016 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$360.8K
$315.7K – $420.9K
NOI $25,256 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$831.5K
$727.6K – $970.1K
NOI $58,206 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 18407, PA
14,047
Population
7,028
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
41.5 sq mi
ZIP Area
338
Density / Sq Mi
$57,261
Median Household Income
$40,174
Median Earnings
$826
Median Rent
$142,600
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?
Triplex - Three-unit property with two vacant units and commercial/residential zoning flexibility.
Where is this triplex located?
The property is located at 5 N Church St Carbondale, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 3,276‑square‑foot triplex with three units; Two of the three units are vacant and need a refresh; Zoned Commercial/Combination Commercial/Residential
