Two-Family Home: Investment
For Sale
$329,000
610 1st Street, Matamoras, PA 18336
MULTI_FAMILY - Other - Matamoras, PA
Property Size1,864 SF
Lot Size0.11 Acres
Price / SF$176.50
Days on Market363
Property Features for 610 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
Parking
2
Parking features
Off Street, Driveway
Window features
Double Pane Windows, Storm Window(s), Screens, Wood Frames
Patio and Porch features
Porch, Deck
Interior features
Built-in Features, Attic Storage, Walk-In Closet(s), On Site Septic, Eat-in Kitchen, Ceiling Fan(s)
Exterior features
Private Entrance, Private Yard
Basement
Exterior Entry, Partial, Unfinished
Appliances
Electric Oven, Range Hood, Water Heater, Refrigerator, Gas Range, Gas Oven, Electric Water Heater, Electric Range
Lot features
Back Yard, Level, Not In Development, Corner Lot, Cleared
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
From Pennsylvania Ave to Second St Rt on Ave F then left on First St to 610 First St on corner
Standard status
Active
APN
083.06-02-18 007674
Size
1,864 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5035
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Zoned, Baseboard, Forced Air, Varies by Unit (Heating), Natural Gas, Radiant, Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Asphalt, Vinyl Siding, Stone, Frame, Block
Roof type
Asphalt, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Century 21 Geba Realty
(570) 296-8881
Listed By:
Joyce Klimkiewicz · License #10491209677
(845) 665-5074
Added: Aug 20, 2025
Changed: Jun 20
Last Checked: Aug 17 at 2:06PM
MLS# PW-252744
Copyright © 2026 Pike/Wayne Association 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 two-family home presents an investment opportunity, suitable for living in one unit and renting out the other for additional income. Each unit features 2 bedrooms, 1 bath, and an eat-in kitchen. The units vary in amenities, including porches, decks, flooring, and driveway space. Situated on a spacious corner lot with a side yard, the property is conveniently located close to town, offering access to restaurants, parks, schools, shopping, and all essential services. It provides easy access to I-84 highway and is near the Port Jervis NY Metro North train station. Located in Matamoras, PA, a desirable borough in Pike County, the property is situated along the Delaware River, offering opportunities for river activities such as canoeing, kayaking, rafting, and fishing, as well as hiking trails. The location hosts seasonal community events throughout the year. This multi-family home offers potential in an area with high rental demand. The property size is 1864 square feet and the lot size is 0.11 acres.
Key Highlights
- Two‑family home built in 1960 with each unit offering 2 bedrooms and 1 bath
- Eat‑in kitchens in both units, with appliances including refrigerator, electric range, gas range, electric oven, and gas oven
- Utilities include cable available; water is public and sewer is via septic tank
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property in Matamoras, PA, ideal for investment.
Where is this duplex located?
The property is located at 610 1st Street 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‑family home built in 1960 with each unit offering 2 bedrooms and 1 bath; Eat‑in kitchens in both units, with appliances including refrigerator, electric range, gas range, electric oven, and gas oven; Utilities include cable available; water is public and sewer is via septic tank
