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    Renovated Multi-Family Home Title is generated by Realmo AI

    79 - 81 W Enterprise Street, Glen Lyon, PA 18617

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    Claim this Listing
    Pending
    $245,000

    MULTI_FAMILY - Other - Glen Lyon, PA

    Property size:
    1,900 SF
    Lot size:
    0.19 Acres
    Added:
    May 1, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 14 at 5:06 pm

    Property Features for 79 - 81 W Enterprise Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
    Parking
    2
    Parking features
    Driveway, Off Street
    Window features
    Wood Frames
    Interior features
    Eat-in Kitchen, Open Floorplan, Recessed Lighting, Attic Finished
    Exterior features
    Balcony, Private Yard
    Basement
    Concrete, Unfinished
    Appliances
    Electric Water Heater
    Standard status
    Pending
    APN
    46-K6S1-015-009
    Size
    1,900 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    79 - 81 W Enterprise St
    Tax Annual Amount
    1368

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Zoned, Ductless (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Bobby Jo Engle

    Listing agent Bobby Jo Engle

    Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA

    Listing date May 1, 2026

    MLS# SC261925 Listing URL

    Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑family home built in 1980 with central air cooling and zoned, ductless heating
    • Unit 1: 2 bedrooms, 1.5 baths, with a private deck
    • Unit 2: 3 bedrooms, 1.5 baths, with a separate deck
    • Interior features include eat‑in kitchen, open floorplan, recessed lighting, and finished attic
    • Exterior features include a private yard and balcony
    • Public utilities: water available with public water and public sewer; roof is shingle; aluminum siding

    Overview

    This freshly renovated multi-family home is situated in the desirable neighborhood of Glen Lyon. It presents an opportunity to either reside in one unit while renting out the other, or to expand an investment portfolio. Unit 1 features 2 bedrooms, 1.5 baths, and a private deck with views. Unit 2 includes 3 bedrooms, 1.5 baths, and a separate deck overlooking scenic surroundings. Both units have been updated with modern finishes and spacious layouts, and offer outdoor spaces. The property size is 1900 square feet, situated on a 0.19-acre lot. The zoning is R1.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $23.9k $12.60
    − Vacancy −$2.0k −$1.07
    EGI $21.9k $11.53
    − OpEx −$6.6k −$3.46
    NOI $15.3k $8.07
    1,900 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $219.1K
    $191.7K – $255.6K (±1% cap)
    NOI $15,334 @ 7.0% cap · market cap 6.26%
    Second Best
    Apartment 5plus
    $203.2K
    $177.8K – $237.0K (±1% cap)
    NOI $14,221 @ 7.0% cap · market cap 5.80%
    Theoretical Best
    Office A
    $601.9K
    $526.7K – $702.2K (±1% cap)
    NOI $42,134 @ 7.0% cap · market cap 17.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Bar & Pub Electrical Service Grocery & Convenience Store Pet Grooming Service Pet Store Pet Store & Service Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Lyon
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -76.077976
    Latitude
    41.175065

    FAQs

    What type of property is this?
    Duplex - Recently renovated multi-family home with strong rental potential.
    Where is this duplex located?
    The property is located at 79 - 81 W Enterprise Street Glen Lyon, PA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Multi‑family home built in 1980 with central air cooling and zoned, ductless heating; Unit 1: 2 bedrooms, 1.5 baths, with a private deck; Unit 2: 3 bedrooms, 1.5 baths, with a separate deck
    More about this property
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