Triplex with Shared Basement
For Sale
$239,500
680 Main Road, Dallas, PA 18612
MULTI_FAMILY - Dallas, PA
Property Size2,400 SF
Lot Size0.51 Acres
Price / SF$99.79
Days on Market43
Property Features for 680 Main Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3
Parking features
Off Street
Exterior features
Vinyl
Basement
Dirt Floor, Concrete, Full
Elementary school district
Dallas
Middle school district
Dallas
High school district
Dallas
Directions
Route 309 from Wilkes Barre to traffic light by Taco Bell. Turn right onto Main Road, Property located directly behind former Offset Paperback Building.
Subdivision
Back Mountain
Standard status
Active
APN
E8S114A007-10
Size
2,400 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Tenant's personal property
Tax Annual Amount
1929
Legal Description
Tenant's personal property
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
shared laundry facility
Building Details
Roof type
Rubber
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS
(570) 283-9100
Listed By:
Edmund H Poggi IV · License #RM421804
(570) 991-7944
Added: Jun 25
Changed: Aug 5
Last Checked: Aug 6 at 12:06PM
MLS# 26-491
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 triplex investment property is centrally located in Dallas Township and includes two larger 5-room, 2-bedroom apartments plus a first-floor efficiency apartment. Each unit offers semi-modern kitchens and baths. A shared laundry facility is located in the basement.
The property features a large, level yard with a grassy lawn and ample off-street parking. Zoning is B-1, offering potential for commercial uses. Exterior features include vinyl, and the home is heated with hot water (heating) and baseboard systems.
On-site improvements include a rubber roof and public water. The lot size is 0.51 acres, and the property size is 2,400 square feet.
The property features a large, level yard with a grassy lawn and ample off-street parking. Zoning is B-1, offering potential for commercial uses. Exterior features include vinyl, and the home is heated with hot water (heating) and baseboard systems.
On-site improvements include a rubber roof and public water. The lot size is 0.51 acres, and the property size is 2,400 square feet.
Key Highlights
- Two 5‑room, 2‑bedroom apartments plus a first‑floor efficiency unit
- Shared basement laundry facility for the three units
- Utilities included in the rent
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
$19,369
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
8.09%
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%
$387,380
$387.4K
Cap Rate 7%
$276,700
$276.7K
Cap Rate 9%
$215,211
$215.2K
Market Conditions
NOI Build-Up for 2,400 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 $12.60/SF
− Vacancy
−$2.6K −$1.07/SF
EGI
$27.7K $11.53/SF
− OpEx
−$8.3K −$3.46/SF
NOI
$19.4K $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%
$387,380
Cap Rate 7%
$276,700
Cap Rate 9%
$215,211
Alternative Uses
Best Use
Multifamily LT 5
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$256.6K
$224.6K – $299.4K
NOI $17,964 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 18612, PA
18,210
Population
6,713
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
54.5 sq mi
ZIP Area
334
Density / Sq Mi
$97,022
Median Household Income
$44,841
Median Earnings
$1,150
Median Rent
$250,700
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?
Triplex - Triplex in Dallas Township with shared basement laundry, semi-modern kitchens and baths, and utilities included in rent.
Where is this triplex located?
The property is located at 680 Main Road Dallas, PA.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Two 5‑room, 2‑bedroom apartments plus a first‑floor efficiency unit; Shared basement laundry facility for the three units; Utilities included in the rent
