Two-Unit Duplex with Separate
656 McKinley Rear Street, Hazleton, PA 18201
For Sale
New
$299,900
Multi-Family, Hazleton, PA
Property Size2,236 SF
Lot Size0.06 Acres
Price / SF$134.12
Days on Market4
Property Features for 656 McKinley Rear Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Roof type
Listing Agency:
Action Real Estate
(570) 453-0303
Listed By:
Lisa Logan · License PA RS380018
(727) 247-3036
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 8:06PM
MLS# 26-5824
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.
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Investment Insights
Based on property information with market context.
This 2,236-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. The building dates to 1950 and has aluminum exterior siding, a shingle roof, and baseboard heating supplied by hot water. Public water serves the property, and each unit has separate utilities. Off-street parking is available.
The 0.0617-acre site is a fenced corner lot in Hazleton, Pennsylvania. Zoning is Residential.
The 0.0617-acre site is a fenced corner lot in Hazleton, Pennsylvania. Zoning is Residential.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,236 square feet of building area on a 0.0617‑acre lot
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,045
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,900
$360.9K
Cap Rate 7%
$257,786
$257.8K
Cap Rate 9%
$200,500
$200.5K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$28.2K $12.60/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$25.8K $11.53/SF
− OpEx
−$7.7K −$3.46/SF
NOI
$18.0K $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%
$360,900
Cap Rate 7%
$257,786
Cap Rate 9%
$200,500
Alternative Uses
Best Use
Multifamily LT 5
$257.8K
$225.6K – $300.8K
NOI $18,045 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$708.4K
$619.8K – $826.4K
NOI $49,586 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
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Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Luzerne County, PA
Properties on Market for Duplexes in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with off-street parking on a fenced corner parcel.
Where is this duplex located?
The property is located at 656 McKinley Rear Street Hazleton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,236 square feet of building area on a 0.0617‑acre lot; Separate utilities for each unit
