Two-Unit Duplex with Fenced
For Sale
$249,500
61 Susquehanna Avenue, Wyoming, PA 18644
Multi-Family, Wyoming, PA
Property Size2,600 SF
Lot Size0.15 Acres
Price / SF$95.96
Days on Market39
Property Features for 61 Susquehanna Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 1, Bedroom 4
Parking features
Off Street
Exterior features
Vinyl
Basement
Full, Partially Finished
Elementary school district
Wyoming
Middle school district
Wyoming
High school district
Wyoming
Directions
From Wyoming Ave, turn onto 3rd St, head all the way down and home is on the left, at the corner of 3rd and Susquehanna
Subdivision
West Pittston-Exeter-Wyoming-Exeter Twp
Standard status
Active
APN
E11SW4001016-67
Size
2,600 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4260
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
level fenced yard
finished basement
private front and rear entry
Building Details
Roof type
Shingle
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS
(570) 283-9100
Listed By:
Edmund Poggi III · License #RM421804
5702839100x125
Added: Jul 17
Changed: Aug 20
Last Checked: Aug 24 at 3:06PM
MLS# 26-2695
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.
Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex includes two residential units within a vinyl-sided building on a 0.1515-acre lot. Each floor provides two bedrooms, with five rooms on the upper level and seven rooms below. The first-floor unit includes a finished basement, and the property has two full bathrooms overall.
Separate front and rear entrances serve the home, while the level yard is enclosed with fencing. Additional features include off-street parking, public water, shingle roofing, baseboard and hot-water heating, and wall-unit cooling. The property is zoned Residential and located on Susquehanna Avenue in Wyoming Borough, Pennsylvania.
Separate front and rear entrances serve the home, while the level yard is enclosed with fencing. Additional features include off-street parking, public water, shingle roofing, baseboard and hot-water heating, and wall-unit cooling. The property is zoned Residential and located on Susquehanna Avenue in Wyoming Borough, Pennsylvania.
Key Highlights
- 2,600‑square‑foot duplex with two residential units
- Each floor includes 2 bedrooms; upper level has 5 rooms and lower level has 7 rooms
- Finished basement associated with the first‑floor unit
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
$20,983
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
8.41%
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%
$419,660
$419.7K
Cap Rate 7%
$299,757
$299.8K
Cap Rate 9%
$233,144
$233.1K
Market Conditions
NOI Build-Up for 2,600 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
$32.8K $12.60/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$30.0K $11.53/SF
− OpEx
−$9.0K −$3.46/SF
NOI
$21.0K $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%
$419,660
Cap Rate 7%
$299,757
Cap Rate 9%
$233,144
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.3K – $349.7K
NOI $20,983 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.3K
NOI $19,460 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$823.7K
$720.7K – $961.0K
NOI $57,658 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 18644, PA
7,336
Population
3,670
Households
2
Avg Household Size
48
Median Age
33%
College-Educated
94%
High-School Grad
15.8 sq mi
ZIP Area
464
Density / Sq Mi
$72,803
Median Household Income
$53,618
Median Earnings
$920
Median Rent
$167,000
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 - Residential property with separate entrances, a finished basement, and off-street parking.
Where is this duplex located?
The property is located at 61 Susquehanna Avenue Wyoming, PA.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 2,600‑square‑foot duplex with two residential units; Each floor includes 2 bedrooms; upper level has 5 rooms and lower level has 7 rooms; Finished basement associated with the first‑floor unit
