Remodeled Two-Unit
New
For Sale
$240,000
75 Penn Avenue, Luzerne, PA 18643
Residential, Luzerne, PA
Property Size1,265 SF
Lot Size0.04 Acres
Price / SF$189.72
Days on Market3
Property Features for 75 Penn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Dining Room, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bathroom 1
Parking features
Garage
Interior features
DiningArea, SeparateFormalDiningRoom
Appliances
ElectricWaterHeater, GasOven, GasRange, Refrigerator
Subdivision
Not in Development
Elementary school
Wyoming Area Primary Center
Middle school
Wyoming Area Intermediate Center
High school
Wyoming Area Secondary Center
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
From Wyoming Avenue, proceed toward Exeter. Turn onto Lincoln Street, then turn left onto Mundy Court. Turn left onto Penn Avenue. The property will be located at 75 Penn Avenue.
Standard status
Active
APN
16-E11NW3-009-030-000
Size
1,265 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2032
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Laminate, Resilient, Vinyl
Building materials
AluminumSiding
Roof type
Wood, Shingle
Architectural style
Colonial
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Alexis B. Jaquez
(315) 991-0414
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 6:06AM
MLS# 787485
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This remodeled duplex contains two distinct residences, each configured with two bedrooms. The building totals 1,265 square feet on a 0.038-acre lot and includes a garage. Its Colonial-style construction dates to 1900, with aluminum siding and laminate, resilient, and vinyl flooring. Interior features include dining areas, and the property is equipped with a gas range, gas oven, refrigerator, and electric water heater. Baseboard heat serves the building.
Public water and public sewer serve the property, which is zoned Residential. Supermarkets, restaurants, shopping, and other everyday services are described as nearby.
Public water and public sewer serve the property, which is zoned Residential. Supermarkets, restaurants, shopping, and other everyday services are described as nearby.
Key Highlights
- Two separate units, each with 2 bedrooms
- 1,265 square feet of building area on a 0.038‑acre lot
- Garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,209
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,180
$204.2K
Cap Rate 7%
$145,843
$145.8K
Cap Rate 9%
$113,433
$113.4K
Market Conditions
NOI Build-Up for 1,265 SF
Gross rent
$15.9K $12.60/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$14.6K $11.53/SF
− OpEx
−$4.4K −$3.46/SF
NOI
$10.2K $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%
$204,180
Cap Rate 7%
$145,843
Cap Rate 9%
$113,433
Alternative Uses
Best Use
Multifamily LT 5
$145.8K
$127.6K – $170.2K
NOI $10,209 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$135.3K
$118.4K – $157.8K
NOI $9,468 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,053 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
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Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom residences provide a flexible layout within a compact residential property.
Where is this duplex located?
The property is located at 75 Penn Avenue Luzerne, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms; 1,265 square feet of building area on a 0.038‑acre lot; Garage parking
