Updated Two-Unit
For Sale
$229,000
934 Cottage Street, Peckville, PA 18452
Fully occupied apartments include washer/dryer hookups and off-street parking.
Property Size1,800 SF
Days on Market52
Property Features for 934 Cottage Street
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
1
Property subtype
Multi Family
Occupancy
100%
Financials
Gross Income
$30,000
Average Monthly Rent
$1,250
Units
Unit Mix
1 x 1BR/1BA, 1 x 1BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,452
Amenities
washer/dryer hookup
Building Details
Building Size
1,800 SF
Year Built
1940
Tenancy
Multi
Listing Agency:
Coldwell Banker Town & Country Properties
Listed By:
Ashley Williams · License #RS356714
(570) 800-8450
Source:
Luxehomesnepa
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 4 at 9:51PM
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 Coldwell Banker Town & Country Properties
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Investment Insights
Based on property information with market context.
This duplex, built in 1940, contains two occupied residential apartments. Each unit includes 1 bedroom and a washer/dryer hookup. The upper apartment has 1 full bath, while the lower apartment provides 1 full bath and 1 half bath. Tenants are currently in place, and the property includes one driveway space for off-street parking.
Recent work includes fresh paint, reglazed bathroom surfaces, drywall updates, new furnaces, and new water heaters. The property is located at 934 Cottage Street in Peckville, Pennsylvania, with access to shopping, dining, local amenities, and major roadways.
Recent work includes fresh paint, reglazed bathroom surfaces, drywall updates, new furnaces, and new water heaters. The property is located at 934 Cottage Street in Peckville, Pennsylvania, with access to shopping, dining, local amenities, and major roadways.
Key Highlights
- Two occupied residential units, each with 1 bedroom
- Upper apartment has 1 full bath; lower apartment has 1 full bath and 1 half bath
- Washer/dryer hookup provided in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,844
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,880
$296.9K
Cap Rate 7%
$212,057
$212.1K
Cap Rate 9%
$164,933
$164.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$22.7K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.2K $11.78/SF
− OpEx
−$6.4K −$3.53/SF
NOI
$14.8K $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%
$296,880
Cap Rate 7%
$212,057
Cap Rate 9%
$164,933
Alternative Uses
Best Use
Multifamily LT 5
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$198.2K
$173.5K – $231.3K
NOI $13,877 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied apartments include washer/dryer hookups and off-street parking.
Where is this duplex located?
The property is located at 934 Cottage Street Peckville, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two occupied residential units, each with 1 bedroom; Upper apartment has 1 full bath; lower apartment has 1 full bath and 1 half bath; Washer/dryer hookup provided in each unit
