Duplex Residential
For Sale
$289,900
Pending
682 N Locust St, Hazleton, PA 18201
Two-unit residential income property with 2,646 square feet of building area.
Property Size2,646 SF
Days on Market70
Property Features for 682 N Locust St
General Information
Standard status
Pending
Size
2,646 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Needs TLC
Listing Agency:
Mecka Real Estate
Listed By:
Madelyn Colon
(570) 497-1337
Source:
Nepahousehunt
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 16 at 9:11AM
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 Mecka Real Estate
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Investment Insights
Based on property information with market context.
This duplex residential property contains 2,646 square feet of building area and is configured for residential income use. The property is located at 682 N Locust St in Hazleton, Pennsylvania 18201.
Key Highlights
- Duplex configuration for residential income use
- 2,646 square feet of building area
- Located at 682 N Locust St, Hazleton, PA 18201
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,354
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,080
$427.1K
Cap Rate 7%
$305,057
$305.1K
Cap Rate 9%
$237,267
$237.3K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$33.3K $12.60/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$30.5K $11.53/SF
− OpEx
−$9.2K −$3.46/SF
NOI
$21.4K $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 Rate 5%
$427,080
Cap Rate 7%
$305,057
Cap Rate 9%
$237,267
Alternative Uses
Best Use
Multifamily LT 5
$305.1K
$266.9K – $355.9K
NOI $21,354 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$282.9K
$247.6K – $330.1K
NOI $19,805 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$838.3K
$733.5K – $978.0K
NOI $58,678 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
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
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 - Two-unit residential income property with 2,646 square feet of building area.
Where is this duplex located?
The property is located at 682 N Locust St Hazleton, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex configuration for residential income use; 2,646 square feet of building area; Located at 682 N Locust St, Hazleton, PA 18201
