Duplex with Detached
9 Atlantic Avenue, Edwardsville, PA 18704
For Sale
$220,000
Separate utilities, a driveway, and a backyard serve the two-unit residential property.
Property Size1,990 SF
Days on Market33
Property Features for 9 Atlantic Avenue
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Building Details
Building Size
Year Built
Listing Agency:
Avanti Real Estate Group
Listed By:
Tivon Buckner
(917) 528-7851
Source:
Luxehomesnepa
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 8 at 3:33PM
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 Avanti Real Estate Group
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Investment Insights
Based on property information with market context.
This duplex dates to 1920 and contains five bedrooms and two bathrooms. The property includes a driveway, a detached one-car garage, and a backyard. Utilities are separately metered, and the roof was replaced in 2024. The sale is as-is, with tenants in place.
The property is at 9 Atlantic Avenue in Edwardsville, Pennsylvania, minutes from shopping centers.
The property is at 9 Atlantic Avenue in Edwardsville, Pennsylvania, minutes from shopping centers.
Key Highlights
- Five bedrooms and two bathrooms
- Roof replaced in 2024
- Detached one‑car garage, driveway, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,060
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,200
$321.2K
Cap Rate 7%
$229,429
$229.4K
Cap Rate 9%
$178,444
$178.4K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$25.1K $12.60/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$22.9K $11.53/SF
− OpEx
−$6.9K −$3.46/SF
NOI
$16.1K $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%
$321,200
Cap Rate 7%
$229,429
Cap Rate 9%
$178,444
Alternative Uses
Best Use
Multifamily LT 5
$229.4K
$200.8K – $267.7K
NOI $16,060 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.3K
NOI $14,895 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$630.4K
$551.6K – $735.5K
NOI $44,130 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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Business Placement
Demographics for 18704, PA
31,138
Population
14,531
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
10.1 sq mi
ZIP Area
3,083
Density / Sq Mi
$62,907
Median Household Income
$39,349
Median Earnings
$935
Median Rent
$154,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Luzerne County, PA
Properties on Market for Duplexes in Luzerne County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, a driveway, and a backyard serve the two-unit residential property.
Where is this duplex located?
The property is located at 9 Atlantic Avenue Edwardsville, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Five bedrooms and two bathrooms; Roof replaced in 2024; Detached one‑car garage, driveway, and backyard
