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    Renovated Duplex Near University Title is generated by Realmo AI

    1028 N Webster Avenue, Scranton, PA 18510

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    Pending
    $295,000

    MULTI_FAMILY - Other - Scranton, PA

    Property size:
    4,360 SF
    Lot size:
    0.25 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 1028 N Webster Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2
    Parking
    3
    Window features
    Vinyl Frames
    Patio and Porch features
    Deck, Porch
    Interior features
    High Ceilings
    Basement
    Full, Dirt Floor, Unfinished
    Appliances
    Electric Range, Refrigerator
    Standard status
    Pending
    APN
    14618040009
    Size
    4,360 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    40X88x40x92 Li&C Town Plot L 7 B 148 W-10 B-011 L-007 P-009
    Tax Annual Amount
    3145

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Floors in Building
    4
    Number of units
    2
    Flooring type
    Vinyl, Laminate, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Heidi N Maturana Benites

    Listing agent Heidi N Maturana Benites

    Listing office WEICHERT Realtors Acclaim - Tannersville 2920 Route 611, Tannersville, PA

    Listing date Mar 4, 2026

    MLS# PM-139280 Listing URL

    Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home configuration with potential to finish the attic and create a third unit (possible doorway entries already in place).
    • Reported total rents of approximately $2,735 per month (previously generated).
    • Both units have been recently renovated and are described as move‑in ready for immediate renting.
    • Convenient location less than one mile from University of Scranton (about a 5‑minute drive).
    • Unit 1 offers two separate entrances (front porch and rear ground‑level) plus a laundry hookup and gray luxury vinyl flooring.
    • Each unit has its own electric meter; owner pays for water. Exterior includes vinyl siding upgrades and newer shingles.

    Overview

    This two-family home presents an opportunity for investors or owner-occupants seeking rental income. Located less than one mile from the University of Scranton, the property offers rental potential in a desirable area. The property is configured as a two-family home, with the potential to finish the attic and create a third unit, with two possible doorway entries already in place. High ceilings and oversized doorways add character. Both units have been recently renovated and are move-in ready. The property previously generated total rents of approximately $2,735 per month. Unit 1 features two separate entrances, one from the front porch and another from the rear at ground level, providing one-level living. The layout includes a small office area at the entrance, two bedrooms, a family room, kitchen, bathroom, and laundry room. The unit is finished with gray luxury vinyl flooring throughout and includes kitchen appliances and a laundry hookup. Basement access is available through this ground-level unit. Unit 2 also has two entrances. The front entry is accessed through a shared entrance from the front porch with stairs leading to the second floor, while the rear entry is accessible via the back deck and stairs to the second level. This unit features luxury vinyl flooring with carpet in the bedrooms and family room. Attic access is currently through a pull-down ladder in Unit 2. Exterior vinyl siding upgrades and newer shingles help provide lower maintenance. The owner currently pays for water, while each unit has its own separate electric meter. The property is situated on a lot of approximately 0.25 acres and the building size is approximately 4,360 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.644051
    Latitude
    41.413052

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with income potential near the University of Scranton.
    Where is this duplex located?
    The property is located at 1028 N Webster Avenue Scranton, PA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Two‑family home configuration with potential to finish the attic and create a third unit (possible doorway entries already in place).; Reported total rents of approximately $2,735 per month (previously generated).; Both units have been recently renovated and are described as move‑in ready for immediate renting.
    (570) 629-6100
    We can help!
    Listing Contact
    Heidi N Maturana Benites
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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