Updated Two-Unit
New
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 Market6
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: Sep 20
Last Checked: Sep 20 at 2:50PM
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
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 = 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
$14,844
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
6.48%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
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 - 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
