Two-Unit Duplex with Updated
New
For Sale
$229,000
934 Cottage Street, Peckville, PA 18452
Residential Income, Peckville, PA
Property Size1,800 SF
Lot Size0.17 Acres
Price / SF$127.22
Days on Market6
Property Features for 934 Cottage Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement
Parking features
On Street, Off Street
Patio and Porch features
Deck
Interior features
Natural Woodwork
Basement
Interior Entry, Unfinished
Elementary school district
Valley View
Middle school district
Valley View
High school district
Valley View
Directions
Main Ave to Brundage. Right onto Cottage. House is at the end of the street on right-hand side.
Standard status
Active
APN
10316080022
Size
1,800 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
82X94x47 Winton A Brundage Ptl 4 W-03 B-003 L-051
Tax Annual Amount
1453
Legal Description
82X94x47 Winton A Brundage Ptl 4 W-03 B-003 L-051
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Water source
Public
Amenities
washer/dryer hookup
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Coldwell Banker Town & Country Properties · Coldwell Banker Real Estate
(570) 586-9636
Listed By:
Ashley Williams · License #RS356714
(570) 800-8450
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 20 at 5:06PM
MLS# SC264664
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.
This 1,800-square-foot duplex contains two one-bedroom apartments, each with a washer/dryer hookup. The upper residence has one full bathroom, while the lower residence includes one full bathroom and an additional half bath. Natural woodwork, aluminum siding, and a basement add to the property’s existing features.
Recent work includes interior painting, reglazed bathroom surfaces, drywall improvements, new furnaces, and new water heaters. The building dates to 1940 and is served by public water and public sewer. Parking includes one driveway space along with on-street availability, and the property also has a deck. Both units are occupied, providing an established rental setup.
Recent work includes interior painting, reglazed bathroom surfaces, drywall improvements, new furnaces, and new water heaters. The building dates to 1940 and is served by public water and public sewer. Parking includes one driveway space along with on-street availability, and the property also has a deck. Both units are occupied, providing an established rental setup.
Key Highlights
- Two one‑bedroom apartments, each with a washer/dryer hookup
- 1,800‑square‑foot duplex on a 0.17‑acre lot
- Upper unit has 1 full bath; lower unit has 1 full bath and 1 half bath
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
451
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments include one bedroom and washer/dryer hookups, with public water and sewer service.
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 one‑bedroom apartments, each with a washer/dryer hookup; 1,800‑square‑foot duplex on a 0.17‑acre lot; Upper unit has 1 full bath; lower unit has 1 full bath and 1 half bath
