Duplex with Detached
For Sale
$289,999
660-662 Spruce Street, Kulpmont, PA 17834
Residential Income, Kulpmont, PA
Property Size3,774 SF
Lot Size0.16 Acres
Price / SF$76.84
Days on Market9
Property Features for 660-662 Spruce Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
5
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 4, Basement, Bathroom 2
Parking
10
Patio and Porch features
Porch
Pool private
1
Interior features
Open Floorplan
Exterior features
Private Yard
Fencing
Chain Link
Basement
Full, Interior Entry, Exterior Entry
Appliances
Refrigerator, Dishwasher, Microwave, Trash Compactor, Dryer
Lot features
Back Yard, Cleared, Few Trees, Landscaped
Elementary school district
Mount Carmel Area
Middle school district
Mount Carmel Area
High school district
Mount Carmel Area
Subdivision
Kulpmont Borough
Standard status
Active
APN
002-00-004-085
Size
3,774 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
660: 3077 / 124 4/5/2021 (085) 662: 3077 / 124 4/5/2021 (087)
Tax Annual Amount
1717
Legal Description
660: 3077 / 124 4/5/2021 (085) 662: 3077 / 124 4/5/2021 (087)
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Baseboard, Electric (Heating), Oil
Cooling system
Wall Unit(s)
Water source
Public
Amenities
pool
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Flooring type
Carpet, Linoleum, Vinyl, Hardwood
Building materials
Shake Siding, Shingle Siding
Roof type
Asphalt, Shingle
Architectural style
Colonial
Listing Agency:
Realty One Group Next Door
(908) 777-0599
Listed By:
Doreen Jean Emory · License #RS352691
(908) 294-1171
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 12 at 5:06PM
MLS# PM-144638
Copyright © 2026 Pocono Mountains 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 Colonial duplex, built in 1928, contains approximately 3,774 square feet across two residential units. The property includes five bedrooms, five bathrooms, a basement, an open floorplan, and a detached 2 car garage. Interior finishes include carpet, linoleum, vinyl, and hardwood flooring, while appliances include a refrigerator, dishwasher, microwave, trash compactor, and dryer. Heating includes propane, baseboard, electric, and oil systems, with wall-unit cooling.
The property occupies a combined residential parcel at 660-662 Spruce Street in Kulpmont, Pennsylvania, and is zoned R. A private pool, fenced yard, porch, public water, and public sewer are also included. The property is being sold As-Is, with additional work remaining for a buyer to complete.
The property occupies a combined residential parcel at 660-662 Spruce Street in Kulpmont, Pennsylvania, and is zoned R. A private pool, fenced yard, porch, public water, and public sewer are also included. The property is being sold As-Is, with additional work remaining for a buyer to complete.
Key Highlights
- Approximately 3,774 square feet across two residential units
- Detached 2 car garage
- Private pool with fenced 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
$26,084
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
8.99%
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%
$521,680
$521.7K
Cap Rate 7%
$372,629
$372.6K
Cap Rate 9%
$289,822
$289.8K
Market Conditions
NOI Build-Up for 3,774 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
$50.7K $13.44/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$47.4K $12.57/SF
− OpEx
−$21.3K −$5.65/SF
NOI
$26.1K $6.91/SF
Area
Northumberland County, PA
Vacancy
6.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
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%
$521,680
Cap Rate 7%
$372,629
Cap Rate 9%
$289,822
Alternative Uses
Best Use
Multifamily LT 5
$403.7K
$353.2K – $471.0K
NOI $28,258 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$372.6K
$326.1K – $434.7K
NOI $26,084 @ 7.0% cap · market cap 8.99%
Theoretical Best
Warehouse
$4.59M
$4.02M – $5.36M
NOI $321,452 @ 7.0% cap · market cap 110.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 17834, PA
3,411
Population
1,669
Households
2
Avg Household Size
49
Median Age
19%
College-Educated
94%
High-School Grad
5.6 sq mi
ZIP Area
609
Density / Sq Mi
$58,750
Median Household Income
$43,576
Median Earnings
$807
Median Rent
$86,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a private pool, porch, and detached parking structure.
Where is this duplex located?
The property is located at 660-662 Spruce Street Kulpmont, PA.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: Approximately 3,774 square feet across two residential units; Detached 2 car garage; Private pool with fenced yard
