Triplex on Corner
For Sale
$337,000
601-603 W Main Street, Plymouth, PA 18651
MULTI_FAMILY - Plymouth, PA
Property Size3,350 SF
Lot Size0.10 Acres
Price / SF$100.60
Days on Market92
Property Features for 601-603 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MixUse
Bedrooms
8
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 7, Bedroom 2
Basement
Full, Concrete
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Pass Valley West High School, Property on the right on Corner of Main St. and Franklin St.
Standard status
Active
APN
48-I8NW2-024-014
Size
3,350 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
603 W Main St
Tax Annual Amount
3168
Legal Description
603 W Main St
Building Details
Year built
1930
Floors in Building
3
Number of units
3
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
Thomas Meyer · License #RS346125
(570) 793-5284
Added: May 13
Changed: Aug 1
Last Checked: Aug 12 at 3:06AM
MLS# SC262135
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex features three units in a corner-lot setting. The building includes two larger units, including a 3-bedroom unit and a 5-bedroom unit, plus an additional first-floor unit. Separate electric and heat are provided for the units, supporting independent utility management.
The property is located at 601-603 W Main Street in Plymouth, Pennsylvania (Luzerne County), on a 0.1-acre lot. The building was constructed in 1930 and totals 3,350 square feet. Zoning is listed as MixUse.
The bedroom mix makes the property suitable for tenants seeking more space, while the separate electric and heat can simplify how individual tenants manage their utilities.
The property is located at 601-603 W Main Street in Plymouth, Pennsylvania (Luzerne County), on a 0.1-acre lot. The building was constructed in 1930 and totals 3,350 square feet. Zoning is listed as MixUse.
The bedroom mix makes the property suitable for tenants seeking more space, while the separate electric and heat can simplify how individual tenants manage their utilities.
Key Highlights
- 0.1‑acre corner lot triplex with 3 units at 601‑603 W Main Street, Plymouth, PA
- Two larger units include a 3‑bedroom and a 5‑bedroom layout
- First‑floor unit included in the 3‑unit configuration
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
$27,036
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
8.02%
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%
$540,720
$540.7K
Cap Rate 7%
$386,229
$386.2K
Cap Rate 9%
$300,400
$300.4K
Market Conditions
NOI Build-Up for 3,350 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
$42.2K $12.60/SF
− Vacancy
−$3.6K −$1.07/SF
EGI
$38.6K $11.53/SF
− OpEx
−$11.6K −$3.46/SF
NOI
$27.0K $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%
$540,720
Cap Rate 7%
$386,229
Cap Rate 9%
$300,400
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$338.0K – $450.6K
NOI $27,036 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.06M
$928.6K – $1.24M
NOI $74,290 @ 7.0% cap · market cap 22.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 18651, PA
8,723
Population
4,586
Households
1.9
Avg Household Size
41
Median Age
11%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
727
Density / Sq Mi
$43,639
Median Household Income
$34,673
Median Earnings
$930
Median Rent
$90,400
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 - Corner lot triplex with three units, separate electric and heat, and a mix of 3- and 5-bedroom layouts
Where is this triplex located?
The property is located at 601-603 W Main Street Plymouth, PA.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: 0.1‑acre corner lot triplex with 3 units at 601‑603 W Main Street, Plymouth, PA; Two larger units include a 3‑bedroom and a 5‑bedroom layout; First‑floor unit included in the 3‑unit configuration
