Two-Unit Duplex with Separate
520 Peace Street, Hazleton, PA 18201
For Sale
New
$329,000
Multi-Family, Hazleton, PA
Property Size2,695 SF
Lot Size0.02 Acres
Price / SF$122.08
Days on Market3
Property Features for 520 Peace Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Roof type
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Cindy Jacome · License PA RS376781
(570) 578-5224
Added: Nov 10
Last Checked: Nov 12 at 6:06PM
MLS# 26-5885
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.
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Investment Insights
Based on property information with market context.
This 2,695-square-foot duplex contains two units: one with 2 bedrooms and the other with 4 bedrooms. The property was built in 1920 and has separate utilities, gas heat, and public water. Exterior materials include aluminum siding and a shingle roof. A basement is also listed among the property’s rooms.
The 0.0221-acre property occupies a corner lot at 520 Peace Street in Hazleton. Parking is available on the street.
The 0.0221-acre property occupies a corner lot at 520 Peace Street in Hazleton. Parking is available on the street.
Key Highlights
- Two‑unit duplex with separate utilities
- Unit mix: one 2‑bedroom unit and one 4‑bedroom unit
- 2,695 square feet on a 0.0221‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,749
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,980
$435.0K
Cap Rate 7%
$310,700
$310.7K
Cap Rate 9%
$241,656
$241.7K
Market Conditions
NOI Build-Up for 2,695 SF
Gross rent
$34.0K $12.60/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$31.1K $11.53/SF
− OpEx
−$9.3K −$3.46/SF
NOI
$21.7K $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 Rate 5%
$434,980
Cap Rate 7%
$310,700
Cap Rate 9%
$241,656
Alternative Uses
Best Use
Multifamily LT 5
$310.7K
$271.9K – $362.5K
NOI $21,749 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$288.2K
$252.2K – $336.2K
NOI $20,172 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
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Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Luzerne County, PA
Properties on Market for Duplexes in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The corner-lot property has gas heat and on-street parking.
Where is this duplex located?
The property is located at 520 Peace Street Hazleton, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities; Unit mix: one 2‑bedroom unit and one 4‑bedroom unit; 2,695 square feet on a 0.0221‑acre corner lot
