Duplex with One-Car
New
For Sale
$259,000
810 Gino Merli Drive, Peckville, PA 18452
The property is fully rented, with a three-bedroom lower unit and an upper unit offering one bedroom plus an additional room.
Property Size1,550 SF
Days on Market5
Property Features for 810 Gino Merli Drive
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,340
Amenities
shed
ductless AC
granite countertops
new appliances
Building Details
Building Size
1,550 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Iron Valley Real Estate Greater Scranton
Listed By:
Jolen Brennan · License #RM424788
(570) 335-6601
Source:
Luxehomesnepa
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 6 at 12:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Valley Real Estate Greater Scranton
Investment Insights
Based on property information with market context.
Built in 1920, this two-unit property has a three-bedroom, one-bathroom first-floor residence with an eat-in kitchen and living room. Ductless air conditioning serves the primary bedroom. The second-floor unit includes one bedroom and an additional room, along with a remodeled kitchen featuring granite countertops and new appliances, and a remodeled bathroom.
The corner parcel includes a shed, driveway, off-street parking, and a one-car garage. Electric service is separately metered; gas and water are shared between the units. Both residences are currently rented.
The corner parcel includes a shed, driveway, off-street parking, and a one-car garage. Electric service is separately metered; gas and water are shared between the units. Both residences are currently rented.
Key Highlights
- Two‑unit property with both residences currently rented
- First‑floor unit has 3 bedrooms, 1 bathroom, an eat‑in kitchen, and a living room
- Second‑floor unit includes 1 bedroom and an additional room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,782
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,640
$255.6K
Cap Rate 7%
$182,600
$182.6K
Cap Rate 9%
$142,022
$142.0K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$19.5K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.3K $11.78/SF
− OpEx
−$5.5K −$3.53/SF
NOI
$12.8K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,640
Cap Rate 7%
$182,600
Cap Rate 9%
$142,022
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.8K – $213.0K
NOI $12,782 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$170.7K
$149.4K – $199.2K
NOI $11,949 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$393.4K
$344.2K – $459.0K
NOI $27,539 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 18452, PA
4,950
Population
2,502
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
2,605
Density / Sq Mi
$58,526
Median Household Income
$32,234
Median Earnings
$960
Median Rent
$189,200
Median Home Value
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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 - The property is fully rented, with a three-bedroom lower unit and an upper unit offering one bedroom plus an additional room.
Where is this duplex located?
The property is located at 810 Gino Merli Drive Peckville, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit property with both residences currently rented; First‑floor unit has 3 bedrooms, 1 bathroom, an eat‑in kitchen, and a living room; Second‑floor unit includes 1 bedroom and an additional room
