1-2 Loomis Park Rd · Nanticoke, PA 18706

$279,000

6 bd · 2.0 ba · 2,880 sqft · MultiFamily · 44 Days on market

Built 1950 Good condition 0.34 ac lot $97/sqft · 102% above area

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +5.3/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

A recently renovated, TurnKey Duplex w/ $2,700/m rent income on a . 34 acre lot. The tenants pay ALL utilities. Both units are spacious, 3BR 1Bath & 3BR 1.5 Bath. This very low tax solid brick property in Loomis Park is a highly stable and lucrative investment that is expected to perform well in the long term. Whether you are a novice investor embarking on your first venture or an experienced investor seeking to expand your portfolio, this opportunity presents a compelling choice.

Key facts

• Turnkey duplex
• Lucrative investment
• Acre lot

Tags

• RECENTLY RENOVATED
• TURNKEY DUPLEX
• ACRE LOT
• TENANTS PAY UTILITIES
• SOLID BRICK PROPERTY
• LUCRATIVE INVESTMENT

What this means for you Summary

Snapshot

• This is a 1×3.0bd/1.0ba + 1×3.0bd/1.5ba units multifamily listed at $279k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive. Per door: $140/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $279k).
• Recommended offer: $271k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 6.3% in Nanticoke — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 74/100 on livability (#520 in PA, #4,791 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F, employment D-.
• Hanover Area SD (suburban): math 19% / reading 25% proficiency, ranked #484 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 81 active listings in the ZIP; 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).
• At $2,878/mo this rent would consume 59% of the median local household income ($59k/yr) (locally 568% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $270,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 7.78%
• Cash-on-cash: 5.31%
• DSCR: 1.24
• GRM: 8.1

CMA / ARV

• ARV (median comp): $137,994
• List price: $279,000
• Delta: 102.18%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.65×
• Total profit: $-27,353
• Equity at exit: $41,600

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-590
• Equity at exit: $24,123

Cash invested: $78,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18706

• Active inventory: 81
• Price-to-rent: 16.2×

Monthly cashflow live

• Estimated rent: $2,878 high
• Mortgage (P&I): −$1,463
• Tax est. 1.5%: −$349 /mo · $4,185/yr
• Insurance: −$116
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $279

Break-even live

Break-even rent $2,525

Max offer price $279,000

Occupancy floor 85%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3.0	1	$1,439
1× unit	3.0	1.5	$1,439
Total (2 units)			$2,878

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-10
   status $279,000 Pending 44 DOM
2. 2026-06-09
   days on market $279,000 Active 44 DOM
3. 2026-06-08
   days on market $279,000 Active 43 DOM
4. 2026-06-07
   days on market $279,000 Active 42 DOM
5. 2026-06-02
   days on market $279,000 Active 37 DOM
6. 2026-06-01
   days on market $279,000 Active 36 DOM
7. 2026-05-31
   days on market $279,000 Active 35 DOM
8. 2026-05-30
   days on market $279,000 Active 34 DOM
9. 2026-05-01
   price $279,000 491-char remark

   Show marketing remark (491 chars)

   A recently renovated, TurnKey Duplex w/ $2,700/m rent income on a . 34 acre lot. The tenants pay ALL utilities. Both units are spacious, 3BR 1Bath & 3BR 1.5 Bath. This very low tax solid brick property in Loomis Park is a highly stable and lucrative investment that is expected to perform well in the long term. Whether you are a novice investor embarking on your first venture or an experienced investor seeking to expand your portfolio, this opportunity presents a compelling choice.

10. 2026-04-30
    status Active 491-char remark

    Show marketing remark (491 chars)

    A recently renovated, TurnKey Duplex w/ $2,700/m rent income on a . 34 acre lot. The tenants pay ALL utilities. Both units are spacious, 3BR 1Bath & 3BR 1.5 Bath. This very low tax solid brick property in Loomis Park is a highly stable and lucrative investment that is expected to perform well in the long term. Whether you are a novice investor embarking on your first venture or an experienced investor seeking to expand your portfolio, this opportunity presents a compelling choice.

11. 2026-02-02
    historical 491-char remark

    Show marketing remark (491 chars)

    A recently renovated, TurnKey Duplex w/ $2,700/m rent income on a . 34 acre lot. The tenants pay ALL utilities. Both units are spacious, 3BR 1Bath & 3BR 1.5 Bath. This very low tax solid brick property in Loomis Park is a highly stable and lucrative investment that is expected to perform well in the long term. Whether you are a novice investor embarking on your first venture or an experienced investor seeking to expand your portfolio, this opportunity presents a compelling choice.

12. 2026-01-29
    listed $275,000 Active 491-char remark

    Show marketing remark (491 chars)

    A recently renovated, TurnKey Duplex w/ $2,700/m rent income on a . 34 acre lot. The tenants pay ALL utilities. Both units are spacious, 3BR 1Bath & 3BR 1.5 Bath. This very low tax solid brick property in Loomis Park is a highly stable and lucrative investment that is expected to perform well in the long term. Whether you are a novice investor embarking on your first venture or an experienced investor seeking to expand your portfolio, this opportunity presents a compelling choice.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 79% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,536
• − Mortgage interest: −$15,628
• − Property taxes: −$4,185
• − Insurance: −$2,192
• − Repairs & maintenance: −$2,763
• − Management: −$2,763
• − Depreciation: −$8,116
• Taxable loss: −$1,112
• Est. tax savings @ 24.0%: +$267
• After-tax cash flow: $3,616/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

A recently renovated, move-in-ready TurnKey Duplex with excellent condition and high rental income potential.

Value-add opportunities

• Both Painting exterior brick — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Both Replace old light fixtures — Modernizes and improves curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior brick — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Both Replace old light fixtures — Modernizes and improves curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hanover Area SD
• NCES district ID: 4211420
• Math proficiency: 19% ▼ -3.00%
• Reading proficiency: 25% ▼ -21.00%
• Median HH income: $40,015
• Composite: 18.6/100
• National rank: #8903
• State rank: #484 of 539 in PA

Livability — Nanticoke

• Score: 74/100
• State rank: #520
• US rank: #4791

Category grades

Amenities C Commute F Cost of living A+ Crime B- Employment D- Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Luzerne County · 118,885 people
• Metro: Scranton--Wilkes-Barre, PA
• Population (ZIP): 16,387
• Household income: $58,558
• Rent vs Own: 33.7% rent · 66.3% own
• Severe rent burden: 568.0

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 11% Black 3%
• Hispanic origin (detail): Puerto Rican 9% Dominican 4%
• Common ancestry: Romanian 18% Scotch-Irish 3% Subsaharan African 1%
• Foreign-born: 6% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Asian/Pacific 1%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.02%
• Current HPI: 196.19
• Rent YoY: —
• Metro: Scranton--Wilkes-Barre, PA
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+1.5% since first listed

4 events — show timeline

• 2026-05-01 Price Changed $279,000 BRIGHT MLS
• 2026-04-30 Relisted — BRIGHT MLS
• 2026-02-02 Listing Removed — BRIGHT MLS
• 2026-01-29 Listed $275,000 BRIGHT MLS