Duplex with One-Car
New
For Sale
$259,000
810 Gino Merli Drive, Peckville, PA 18452
Residential Income, Peckville, PA
Property Size1,550 SF
Lot Size0.43 Acres
Price / SF$167.10
Days on Market4
Property Features for 810 Gino Merli Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Basement
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Eat-in Kitchen, Granite Counters
Exterior features
Awning(s)
Basement
Walk-Out Access, Unfinished, Full, Walk-Up Access
Appliances
Dryer, Washer, Range, Refrigerator, Microwave
Elementary school district
Valley View
Middle school district
Valley View
High school district
Valley View
Directions
Driving on N. Blakely St, 347N, through Dunmore and Throop. It becomes Cypress St and S Valley Ave. Keep left at the fork onto W Lackawanna Ave. Make a right onto Main St. Main St becomes Gino Merli Dr. Stay to the right at the fork on Sturges Rd. Home is on the immediate right.
Standard status
Active
APN
10312020043
Size
1,550 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3340
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Natural Gas, Hot Water(Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate, Carpet
Building materials
Aluminum Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Jolen Brennan · License #RM424788
(570) 335-6601
Added: Oct 2
Last Checked: Oct 5 at 5:06AM
MLS# SC264939
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.
Investment Insights
Based on property information with market context.
Built in 1920, this 1,550-square-foot duplex contains two apartments on a 0.43-acre corner lot. The first-floor unit has three bedrooms, one full bathroom, an eat-in kitchen, and a living room. Upstairs, the one-bedroom apartment includes an additional room, a remodeled kitchen with granite counters and new appliances, and a remodeled bathroom. Both units are currently rented.
The property includes a one-car garage, driveway, off-street parking, and a shed. Electric meters are separate; gas and water service are combined. Public water and sewer serve the property, which is zoned R-2.
The property includes a one-car garage, driveway, off-street parking, and a shed. Electric meters are separate; gas and water service are combined. Public water and sewer serve the property, which is zoned R-2.
Key Highlights
- Two‑unit property totaling 1,550 square feet
- 0.43‑acre corner lot in Peckville, PA
- First‑floor unit has 3 bedrooms and 1 full bathroom
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
$12,782
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
4.94%
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%
$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
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
$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 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%
$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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units have separate electric meters, while gas and water service are shared.
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 totaling 1,550 square feet; 0.43‑acre corner lot in Peckville, PA; First‑floor unit has 3 bedrooms and 1 full bathroom
