Two-Unit Duplex with Full
New
For Sale
$289,900
803 McKinley Street, Hazleton, PA 18201
Residential Income, Hazleton, PA
Property Size3,087 SF
Lot Size0.11 Acres
Price / SF$93.91
Days on Market6
Property Features for 803 McKinley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Window features
Vinyl Frames
Patio and Porch features
Porch, Deck
Interior features
Eat-in Kitchen, Walk-In Closet(s), Natural Woodwork, Storage
Basement
Full, Unfinished
Appliances
Gas Range
View
City
Elementary school district
Hazleton Area
Middle school district
Hazleton Area
High school district
Hazleton Area
Subdivision
Hazleton City
Standard status
Active
APN
71T7NE32010020
Size
3,087 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
71-12-1-D1-11 803 McKinley St
Tax Annual Amount
2565
Legal Description
71-12-1-D1-11 803 McKinley St
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Radiant Floor, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
full basement
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile, Parquet Wood, Carpet
Building materials
Vinyl Siding
Roof type
Composition, Shingle
Architectural style
Cape Cod
Additional Structures
Storage
Listing Agency:
exp Realty, LLC - Philadelphia
Listed By:
Christopher Anthony Latoff
(888) 397-7352
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 16 at 3:06PM
MLS# PM-144754
Copyright © 2026 Pocono Mountains 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 Cape Cod-style duplex at 803 McKinley Street contains two separate residential units within a 3,087-square-foot building. Each unit includes a large kitchen, while interior features include hardwood, tile, parquet wood, and carpet flooring. The property also offers a full basement, porch, deck, storage, and walk-in closet space.
Built in 1940 on a 0.11-acre lot, the home has vinyl siding, a composition shingle roof, natural-gas radiant and radiant-floor heating, and wall-unit cooling. The roof is 7 years old, and both units have new water heaters. Public water and public sewer serve the property. Grocery stores, restaurants, and schools are accessible from the Hazleton location. R zoning applies.
Built in 1940 on a 0.11-acre lot, the home has vinyl siding, a composition shingle roof, natural-gas radiant and radiant-floor heating, and wall-unit cooling. The roof is 7 years old, and both units have new water heaters. Public water and public sewer serve the property. Grocery stores, restaurants, and schools are accessible from the Hazleton location. R zoning applies.
Key Highlights
- Two separate residential units in a 3,087‑square‑foot duplex
- Full basement with additional storage space
- Roof is 7 years old
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
$24,913
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
8.59%
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%
$498,260
$498.3K
Cap Rate 7%
$355,900
$355.9K
Cap Rate 9%
$276,811
$276.8K
Market Conditions
NOI Build-Up for 3,087 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
$38.9K $12.60/SF
− Vacancy
−$3.3K −$1.07/SF
EGI
$35.6K $11.53/SF
− OpEx
−$10.7K −$3.46/SF
NOI
$24.9K $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%
$498,260
Cap Rate 7%
$355,900
Cap Rate 9%
$276,811
Alternative Uses
Best Use
Multifamily LT 5
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,106 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$978.0K
$855.7K – $1.14M
NOI $68,457 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
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 - Residential duplex with two separate units, updated water heaters, and convenient access to groceries, restaurants, and schools.
Where is this duplex located?
The property is located at 803 McKinley Street Hazleton, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two separate residential units in a 3,087‑square‑foot duplex; Full basement with additional storage space; Roof is 7 years old
