Duplex with Four-Car
New
For Sale
$239,000
66 Sharpe Street, Kingston, PA 18704
MULTI_FAMILY - Kingston, PA
Property Size1,950 SF
Lot Size0.14 Acres
Price / SF$122.56
Days on Market2
Property Features for 66 Sharpe Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 2, Basement
Parking features
Off Street
Exterior features
Aluminum
Basement
Concrete, Full
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
Route 11 S - turn right on Sharpe Street - home is on the left.
Subdivision
Kingston-Forty Fort-Swoyersville
Standard status
Active
APN
G9SE2017005-34
Size
1,950 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tenant personal property.
Tax Annual Amount
3029
Legal Description
Tenant personal property.
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
updated kitchens
Building Details
Year built
1940
Roof type
Shingle
Listing Agency:
Jonathan J. Nelson Real Estate
(570) 212-9583
Listed By:
David Joyce · License #RS368281
(570) 954-7816
Added: Aug 12
Last Checked: Aug 13 at 12:06AM
MLS# 26-1855
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 duplex at 66 Sharpe Street contains two residential units totaling 1,950 square feet. The unit mix includes one two-bedroom, one-bath apartment and one three-bedroom, one-bath apartment, with updated kitchens in both residences. The property also includes a basement and a four-car garage.
Built in 1940, the building features aluminum exterior siding, a shingle roof, baseboard electric heating, public water, and off-street parking. The 0.1446-acre parcel is located in Kingston, Pennsylvania, within residential zoning.
Built in 1940, the building features aluminum exterior siding, a shingle roof, baseboard electric heating, public water, and off-street parking. The 0.1446-acre parcel is located in Kingston, Pennsylvania, within residential zoning.
Key Highlights
- Two‑unit duplex with 1,950 square feet of property area
- Unit mix includes 2‑bedroom and 3‑bedroom residences, each with 1 bath
- Updated kitchens in both units
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
$15,737
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
6.58%
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%
$314,740
$314.7K
Cap Rate 7%
$224,814
$224.8K
Cap Rate 9%
$174,856
$174.9K
Market Conditions
NOI Build-Up for 1,950 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
$24.6K $12.60/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$22.5K $11.53/SF
− OpEx
−$6.7K −$3.46/SF
NOI
$15.7K $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%
$314,740
Cap Rate 7%
$224,814
Cap Rate 9%
$174,856
Alternative Uses
Best Use
Multifamily LT 5
$224.8K
$196.7K – $262.3K
NOI $15,737 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$208.5K
$182.4K – $243.3K
NOI $14,595 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$617.8K
$540.5K – $720.7K
NOI $43,243 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,193
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
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 - Residentially zoned duplex with two updated kitchens, off-street parking, and a four-car garage.
Where is this duplex located?
The property is located at 66 Sharpe Street Kingston, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,950 square feet of property area; Unit mix includes 2‑bedroom and 3‑bedroom residences, each with 1 bath; Updated kitchens in both units
