Remodeled Duplex With Private
For Sale
$275,000
69 Warner Street, Plains, PA 18705
Two-unit property with updated upper-level space, independent utilities, and three-zone heating.
Property Size2,094 SF
Days on Market40
Property Features for 69 Warner Street
General Information
Standard status
Active
Size
2,094 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,284
Amenities
private driveway
spacious front porch
large rear deck
Building Details
Building Size
2,094 SF
Listing Agency:
Century 21 Signature Properties
Listed By:
Ron Wilson/JenineFinarelli Team
(570) 371-7016
Source:
Luxehomesnepa
Added: Aug 3
Changed: Sep 8
Last Checked: Sep 10 at 8:30AM
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 Century 21 Signature Properties
Investment Insights
Based on property information with market context.
This duplex includes a remodeled upstairs unit along with a newer roof and separate utility systems. Heating is divided into three zones, providing distinct control across the property. Exterior features include a private driveway, a broad front porch, and a substantial rear deck with views.
The property’s two-unit layout and independent utilities provide a clearly defined residential configuration. The combination of recent improvements, dedicated access, and multiple outdoor areas adds practical functionality for occupants or ownership use.
The property’s two-unit layout and independent utilities provide a clearly defined residential configuration. The combination of recent improvements, dedicated access, and multiple outdoor areas adds practical functionality for occupants or ownership use.
Key Highlights
- Remodeled upstairs unit
- New roof
- Separate utilities with 3‑zone heating
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
$16,899
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
6.15%
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%
$337,980
$338.0K
Cap Rate 7%
$241,414
$241.4K
Cap Rate 9%
$187,767
$187.8K
Market Conditions
NOI Build-Up for 2,094 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
$26.4K $12.60/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$24.1K $11.53/SF
− OpEx
−$7.2K −$3.46/SF
NOI
$16.9K $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%
$337,980
Cap Rate 7%
$241,414
Cap Rate 9%
$187,767
Alternative Uses
Best Use
Multifamily LT 5
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,673 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$663.4K
$580.5K – $774.0K
NOI $46,437 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
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 updated upper-level space, independent utilities, and three-zone heating.
Where is this duplex located?
The property is located at 69 Warner Street Plains, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Remodeled upstairs unit; New roof; Separate utilities with 3‑zone heating
