Duplex with Storage
New
For Sale
$450,000
695-701 Main Street, Dallas, PA 18612
Multi-Family, Dallas, PA
Property Size1,600 SF
Lot Size1.11 Acres
Price / SF$281.25
Days on Market2
Property Features for 695-701 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking features
Off Street
Exterior features
Metal, Vinyl
Elementary school district
Dallas
Middle school district
Dallas
High school district
Dallas
Directions
Route 309 North from Wilkes Barre to right turn onto Main St, Dallas First residential building on left side, look for sign. On corner of Main St and E Overbrook Roads.
Subdivision
Back Mountain
Standard status
Active
APN
E8S400414A-10, E8S4004015-10
Size
1,600 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4709
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Roof type
Shingle, Metal
Listing Agency:
Berkshire Hathaway HomeServices Poggi, REALTORS
(570) 283-9100
Listed By:
Edmund Poggi III · License #RM421804
5702839100x125
Added: Sep 24
Last Checked: Sep 25 at 6:06AM
MLS# 26-4917
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 Dallas property brings together a duplex and 39 metal storage units across 1.11 acres. Both apartments are fully occupied and have two bedrooms, four rooms, and off-street parking. Storage units vary in size, providing multiple configurations within the same property. The parcel is zoned Multi-Family.
Access is available from Memorial Highway, with the property situated in the Dallas area.
Access is available from Memorial Highway, with the property situated in the Dallas area.
Key Highlights
- Fully occupied duplex with two‑bedroom apartments
- 39 metal storage units in varying sizes
- 1.11 acres combined
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
$15,960
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
3.55%
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%
$319,200
$319.2K
Cap Rate 7%
$228,000
$228.0K
Cap Rate 9%
$177,333
$177.3K
Market Conditions
NOI Build-Up for 1,600 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
$24.0K $15.00/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$22.8K $14.25/SF
− OpEx
−$6.8K −$4.27/SF
NOI
$16.0K $9.98/SF
Area
Luzerne County, PA
Vacancy
5.00%
Lease Rate
$15.00 /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%
$319,200
Cap Rate 7%
$228,000
Cap Rate 9%
$177,333
Alternative Uses
Best Use
Self Storage
$228.0K
$199.5K – $266.0K
NOI $15,960 @ 7.0% cap · market cap 3.55%
Second Best
Mixed Use
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines a fully occupied duplex with 39 metal storage units on 1.11 acres.
Where is this duplex located?
The property is located at 695-701 Main Street Dallas, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully occupied duplex with two‑bedroom apartments; 39 metal storage units in varying sizes; 1.11 acres combined
