Two-Unit Duplex with
For Sale
$265,000
Pending
60 Rose Ave, Wilkes Barre, PA 18705
Two residences offer separate kitchens, laundry areas, and natural-gas heating.
Property Size2,236 SF
Days on Market27
Property Features for 60 Rose Ave
General Information
Standard status
Pending
Size
2,236 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,983
Listing Agency:
BHHS Fox & Roach Bethlehem
(484) 929-5458
Listed By:
Ileana S. Kozerski
(484) 929-5458
Source:
Exprealty
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 16 at 2:14PM
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 BHHS Fox & Roach Bethlehem
Investment Insights
Based on property information with market context.
This 2,236 SF duplex in Wilkes-Barre contains two distinct residences with complementary layouts. Unit 60 includes an eat-in kitchen, living room, dining room, three bedrooms, one full bathroom, and a mudroom with laundry. Unit 62 provides an eat-in kitchen, two bedrooms, two full bathrooms, and its own mudroom and laundry area. Both units are served by natural-gas heat and include basement access through Bilco doors.
The property occupies a shared, open backyard with outdoor access from both residences. Unit 62 also has a storm door adjoining the mudroom. The property is offered in its current AS IS condition and may accommodate an owner-occupant arrangement or continued use as a two-unit rental property.
The property occupies a shared, open backyard with outdoor access from both residences. Unit 62 also has a storm door adjoining the mudroom. The property is offered in its current AS IS condition and may accommodate an owner-occupant arrangement or continued use as a two-unit rental property.
Key Highlights
- 2,236 SF duplex with two separate residences
- Unit 60 includes 3 bedrooms and 1 full bathroom
- Unit 62 includes 2 bedrooms and 2 full bathrooms
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
$18,045
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
6.81%
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%
$360,900
$360.9K
Cap Rate 7%
$257,786
$257.8K
Cap Rate 9%
$200,500
$200.5K
Market Conditions
NOI Build-Up for 2,236 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
$28.2K $12.60/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$25.8K $11.53/SF
− OpEx
−$7.7K −$3.46/SF
NOI
$18.0K $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%
$360,900
Cap Rate 7%
$257,786
Cap Rate 9%
$200,500
Alternative Uses
Best Use
Multifamily LT 5
$257.8K
$225.6K – $300.8K
NOI $18,045 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$708.4K
$619.8K – $826.4K
NOI $49,586 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
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?
Duplex - Two residences offer separate kitchens, laundry areas, and natural-gas heating.
Where is this duplex located?
The property is located at 60 Rose Ave Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,236 SF duplex with two separate residences; Unit 60 includes 3 bedrooms and 1 full bathroom; Unit 62 includes 2 bedrooms and 2 full bathrooms
