Duplex with Two-Bedroom
For Sale
$329,000
610 1st St, Matamoras, PA 18336
Corner-lot property with two residential units, each offering an eat-in kitchen and one full bathroom.
Property Size1,864 SF
Price / SF$176.50
Days on Market378
Property Features for 610 1st St
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,034
Amenities
porch
deck
Building Details
Buildings
1
Listing Agency:
Century 21 Geba Realty
(845) 665-5074
Listed By:
Joyce Klimkiewicz · License #10491209677
(845) 665-5074
Source:
Exprealty
Added: Aug 20, 2025
Changed: Aug 30
Last Checked: Aug 31 at 7:33PM
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 Century 21 Geba Realty
Investment Insights
Based on property information with market context.
This 1,864-square-foot duplex contains two residential units, with each unit arranged with two bedrooms, one bathroom, and an eat-in kitchen. Unit features vary and include combinations of porches, decks, flooring, and driveway space. The property occupies a spacious corner lot with a side yard.
Located at 610 1st St in Matamoras, Pennsylvania, the property is near restaurants, parks, schools, shopping, and other services. Interstate 84 provides highway access, while the Port Jervis, NY Metro-North train station is nearby. The property is also situated near the Delaware River, with access to area activities including canoeing, kayaking, rafting, fishing, and hiking.
Located at 610 1st St in Matamoras, Pennsylvania, the property is near restaurants, parks, schools, shopping, and other services. Interstate 84 provides highway access, while the Port Jervis, NY Metro-North train station is nearby. The property is also situated near the Delaware River, with access to area activities including canoeing, kayaking, rafting, fishing, and hiking.
Key Highlights
- Two‑unit duplex with 1,864 square feet of property size
- Each unit includes 2 bedrooms, 1 bathroom, and an eat‑in kitchen
- Corner lot with a spacious side yard
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
$19,764
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
6.01%
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%
$395,280
$395.3K
Cap Rate 7%
$282,343
$282.3K
Cap Rate 9%
$219,600
$219.6K
Market Conditions
NOI Build-Up for 1,864 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
$30.2K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$28.2K $15.15/SF
− OpEx
−$8.5K −$4.54/SF
NOI
$19.8K $10.60/SF
Area
Pike County, PA
Vacancy
6.50%
Lease Rate
$16.20 /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%
$395,280
Cap Rate 7%
$282,343
Cap Rate 9%
$219,600
Alternative Uses
Best Use
Multifamily LT 5
$282.3K
$247.1K – $329.4K
NOI $19,764 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$262.7K
$229.8K – $306.5K
NOI $18,387 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$454.9K
$398.0K – $530.7K
NOI $31,841 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 18336, PA
3,707
Population
2,002
Households
1.9
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
322
Density / Sq Mi
$71,420
Median Household Income
$41,849
Median Earnings
$1,215
Median Rent
$244,700
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 - Corner-lot property with two residential units, each offering an eat-in kitchen and one full bathroom.
Where is this duplex located?
The property is located at 610 1st St Matamoras, 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 1,864 square feet of property size; Each unit includes 2 bedrooms, 1 bathroom, and an eat‑in kitchen; Corner lot with a spacious side yard
