Three-Unit Multifamily
New
For Sale
$285,000
710 Smith Street, Dunmore, PA 18512
Multi-Family, Dunmore, PA
Property Size3,344 SF
Lot Size0.19 Acres
Price / SF$85.23
Days on Market2
Property Features for 710 Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Residential
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 5
Parking features
On Street
Exterior features
Stucco
Basement
Full
Elementary school district
Dunmore
Middle school district
Dunmore
High school district
Dunmore
Directions
81N to E Drinker St exit, left on E Drinker, left on Meade St, left onto Smith, property on right.
Subdivision
Misc Out of County
Standard status
Active
APN
14620010051
Size
3,344 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3539
Utilities
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1930
Roof type
Shingle, Rubber
Listing Agency:
Rubbico Real Estate · Realty World
(570) 826-1600
Listed By:
Stacey L Lauer · License #RS272611
(570) 826-1600
Added: Aug 23
Last Checked: Aug 24 at 7:06PM
MLS# 26-759
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 3,344-square-foot triplex, built in 1930, contains three separate residential units with a combined seven bedrooms and three bathrooms. Unit 1 offers five rooms, two bedrooms, and one bathroom; Unit 2 includes five rooms, three bedrooms, and one bathroom; Unit 3 provides four rooms, two bedrooms, and one bathroom. The property also includes a basement and extensive closet space in the third unit.
Situated on a 0.1942-acre lot, the building features stucco exterior construction, shingle and rubber roofing, baseboard electric heating, public water service, and on-street parking. The property is located in Dunmore, Pennsylvania, within a Residential-zoned setting.
Situated on a 0.1942-acre lot, the building features stucco exterior construction, shingle and rubber roofing, baseboard electric heating, public water service, and on-street parking. The property is located in Dunmore, Pennsylvania, within a Residential-zoned setting.
Key Highlights
- Three residential units totaling 3,344 square feet
- Unit mix includes 2‑bedroom, 3‑bedroom, and 2‑bedroom layouts
- Combined configuration includes 7 bedrooms and 3 bathrooms
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
$25,780
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
9.05%
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%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 3,344 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
$49.8K $14.88/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$46.9K $14.02/SF
− OpEx
−$21.1K −$6.31/SF
NOI
$25.8K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /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%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Multifamily LT 5
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$848.8K
$742.7K – $990.2K
NOI $59,414 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with varied unit layouts, public water, and on-street parking.
Where is this triplex located?
The property is located at 710 Smith Street Dunmore, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three residential units totaling 3,344 square feet; Unit mix includes 2‑bedroom, 3‑bedroom, and 2‑bedroom layouts; Combined configuration includes 7 bedrooms and 3 bathrooms
