Two-Unit Duplex with
For Sale
$259,000
911 Lincoln Ave, Blakely, PA 18447
Rented units create a flexible setup for an owner occupant or residential income property buyer.
Property Size1,400 SF
Price / SF$185
Days on Market401
Property Features for 911 Lincoln Ave
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,528
Amenities
washer and dryer
in-unit laundry
front porch
back deck
Building Details
Tenancy
Multi
Listing Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Source:
Exprealty
Added: Jul 29, 2025
Changed: Aug 30
Last Checked: Sep 2 at 12:04AM
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 SIX PM LLC
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex offers an up-and-down layout with two separate residences. The first-floor apartment includes one bedroom, an upgraded bathroom, kitchen, dining room, living room, basement access, and laundry appliances. The second-floor unit provides two bedrooms, a living room, full kitchen, updated bathroom, and in-unit laundry.
Both apartments are currently rented. Exterior features include a front porch, large backyard, long driveway, newer rear deck, and newer staircase. The driveway supplies off-street parking, with additional on-street parking also available. Located at 911 Lincoln Ave in Blakely, PA, the property can accommodate an owner-occupied arrangement or continued use as a residential income property.
Both apartments are currently rented. Exterior features include a front porch, large backyard, long driveway, newer rear deck, and newer staircase. The driveway supplies off-street parking, with additional on-street parking also available. Located at 911 Lincoln Ave in Blakely, PA, the property can accommodate an owner-occupied arrangement or continued use as a residential income property.
Key Highlights
- 1,400‑square‑foot duplex with one first‑floor unit and one second‑floor unit
- First‑floor apartment has 1 bedroom, upgraded bathroom, formal dining room, and basement laundry access
- Second‑floor apartment includes 2 bedrooms, updated bathroom, and in‑unit laundry
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
$11,545
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
4.46%
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%
$230,900
$230.9K
Cap Rate 7%
$164,929
$164.9K
Cap Rate 9%
$128,278
$128.3K
Market Conditions
NOI Build-Up for 1,400 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
$17.6K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$16.5K $11.78/SF
− OpEx
−$4.9K −$3.53/SF
NOI
$11.5K $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%
$230,900
Cap Rate 7%
$164,929
Cap Rate 9%
$128,278
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$154.2K
$134.9K – $179.9K
NOI $10,793 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$355.3K
$310.9K – $414.6K
NOI $24,874 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Rented units create a flexible setup for an owner occupant or residential income property buyer.
Where is this duplex located?
The property is located at 911 Lincoln Ave Blakely, 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: 1,400‑square‑foot duplex with one first‑floor unit and one second‑floor unit; First‑floor apartment has 1 bedroom, upgraded bathroom, formal dining room, and basement laundry access; Second‑floor apartment includes 2 bedrooms, updated bathroom, and in‑unit laundry
