Two-Unit
For Sale
$250,000
Pending
623 Warren Avenue, Kingston, PA 18704
Each residence includes two bedrooms, one bathroom, and access to a shared yard.
Property Size1,980 SF
Days on Market61
Property Features for 623 Warren Avenue
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,780
Amenities
shared yard
Building Details
Building Size
1,980 SF
Listing Agency:
Wychock Real Estate, LLC
Listed By:
Tanya Gilbert
(570) 235-6722
Source:
Luxehomesnepa
Added: Aug 20
Changed: Oct 19
Last Checked: Oct 16 at 3:00PM
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 Wychock Real Estate, LLC
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains two separate residences, each configured with two bedrooms and one bathroom. Both units include living areas and share access to an outdoor yard.
Off-street parking serves residents and guests. The property is located at 623 Warren Avenue in Kingston, Pennsylvania.
Off-street parking serves residents and guests. The property is located at 623 Warren Avenue in Kingston, Pennsylvania.
Key Highlights
- Two‑unit up‑and‑down duplex
- Each unit has 2 bedrooms and 1 bathroom
- Shared yard for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,979
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,580
$319.6K
Cap Rate 7%
$228,271
$228.3K
Cap Rate 9%
$177,544
$177.5K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$24.9K $12.60/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$22.8K $11.53/SF
− OpEx
−$6.8K −$3.46/SF
NOI
$16.0K $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 Rate 5%
$319,580
Cap Rate 7%
$228,271
Cap Rate 9%
$177,544
Alternative Uses
Best Use
Multifamily LT 5
$228.3K
$199.7K – $266.3K
NOI $15,979 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$211.7K
$185.3K – $247.0K
NOI $14,820 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$627.3K
$548.9K – $731.8K
NOI $43,908 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, and access to a shared yard.
Where is this duplex located?
The property is located at 623 Warren Avenue Kingston, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex; Each unit has 2 bedrooms and 1 bathroom; Shared yard for both residences
