Duplex with Renovation
1024 Maple Street Scranton, PA 18505
New
1024 Maple Street, Scranton, PA, 18505
$220,000
For Sale
$220,000
MULTI_FAMILY - Other - Scranton, PA
Property Size1,725 SF
Lot Size0.21 Acres
Price / SF$127.54
Days on Market4
Property Features for 1024 Maple Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bedroom 2, Bedroom 3
- Parking
- 5
- Patio and Porch features
- Porch
- Interior features
- Entrance Foyer, Open Floorplan
- Exterior features
- Awning(s), Balcony
- Fencing
- Chain Link
- Basement
- Unfinished
- Appliances
- Dryer, Washer, Refrigerator, Electric Oven, Electric Cooktop
- Standard status
- Active
- APN
- 16712050058
- Size
- 1,725 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 56X160 Bldg & Land W-19 B-0460 L-0250 P-02900
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Hardwood, Tile
- Architectural style
- Other
Listing agency
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed by
Samantha E. Jankowski
(570) 815-3391
Added: Jul 19 Updated: Jul 20 at 11:11PM Checked: Jul 22 at 9:06AM
MLS# SC263543
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 duplex offers two apartments with different renovation stages. The downstairs apartment is described as move-in ready, with only a few cosmetic updates needed. The upstairs unit has been taken down to the studs and is framed to support the same layout as the downstairs, including two bedrooms and one bathroom.
The property is located at 1024 Maple Street in Scranton, Pennsylvania 18505, within a R2 zoning designation.
With its mirrored two-bedroom, one-bath framing between units, the building presents an opportunity to complete the upstairs renovation while the downstairs unit remains positioned for near-term occupancy after light cosmetic work.
The property is located at 1024 Maple Street in Scranton, Pennsylvania 18505, within a R2 zoning designation.
With its mirrored two-bedroom, one-bath framing between units, the building presents an opportunity to complete the upstairs renovation while the downstairs unit remains positioned for near-term occupancy after light cosmetic work.
Key Highlights
- Duplex with two units: downstairs is move‑in ready with only a few cosmetic updates
- Upstairs is down to the studs and framed for the same 2 bed, 1 bathroom layout as the downstairs unit
- Year built 1940
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $12.60 |
| − Vacancy | −$1.4k | −$0.82 |
| EGI | $20.3k | $11.78 |
| − OpEx | −$6.1k | −$3.53 |
| NOI | $14.2k | $8.25 |
1,725 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$437.8K
$383.1K – $510.8K
NOI $30,649 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex in Scranton with a move-in-ready downstairs unit and an upstairs interior framed for renovation.
Where is this duplex located?
The property is located at 1024 Maple Street Scranton, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with two units: downstairs is move‑in ready with only a few cosmetic updates; Upstairs is down to the studs and framed for the same 2 bed, 1 bathroom layout as the downstairs unit; Year built 1940
