Duplex with Separate Utility
For Sale
$297,000
1209 Stafford Avenue, Scranton, PA 18505
MULTI_FAMILY - Other - Scranton, PA
Property Size2,472 SF
Lot Size0.27 Acres
Price / SF$120.15
Days on Market12
Property Features for 1209 Stafford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 4
Parking
4
Parking features
Driveway, On Street
Patio and Porch features
Patio, Porch, Deck
Interior features
Eat-in Kitchen
Basement
Partially Finished, Walk-Up Access, Storage Space, Walk-Out Access, Full
Appliances
Dishwasher, Refrigerator, Microwave, Exhaust Fan, Electric Oven
Lot features
Back Yard, Views, Level, Open Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Moosic Street turn onto Stafford Avenue, House is situated on the last block on the left.
Standard status
Active
APN
16712040015
Size
2,472 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3317
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Wood, Carpet, Vinyl
Building materials
Frame, Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
DEBORAH T KOHUT · License #RS203925L
(570) 947-5565
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 10 at 1:06AM
MLS# SC263741
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.
Duplex on R2 zoning, built in 1913, set on one of two 80x75 lots with yard space and the option to build another structure. The property includes off-street parking and rear alley access.
The first-floor unit features two bedrooms, 1.5 baths, living room and dining room, a kitchen, and a main-floor laundry room. It also has additional finished living space in the walk-out lower level, including a family room and a 1/2 bath, along with additional unfinished space for utilities in the lower level.
The second-floor unit is occupied by a long-term tenant and includes two bedrooms, a living room, an eat-in kitchen, and one bath, with a stackable washer/dryer hookup. The units have separate electrical, separate heat and hot water, and separate water line. Each unit uses a gas forced-air system with two separate hot air systems located in the attic. Public water and public sewer are available.
The roof is shingle/composition. Appliances listed include dishwasher, refrigerator, microwave, exhaust fan, and electric oven.
The first-floor unit features two bedrooms, 1.5 baths, living room and dining room, a kitchen, and a main-floor laundry room. It also has additional finished living space in the walk-out lower level, including a family room and a 1/2 bath, along with additional unfinished space for utilities in the lower level.
The second-floor unit is occupied by a long-term tenant and includes two bedrooms, a living room, an eat-in kitchen, and one bath, with a stackable washer/dryer hookup. The units have separate electrical, separate heat and hot water, and separate water line. Each unit uses a gas forced-air system with two separate hot air systems located in the attic. Public water and public sewer are available.
The roof is shingle/composition. Appliances listed include dishwasher, refrigerator, microwave, exhaust fan, and electric oven.
Key Highlights
- R2 zoning duplex built in 1913
- On one of two 80x75 lots with 0.27 acres total lot size
- Two‑unit layout: first‑floor owner‑occupied plus long‑term tenant on second floor
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
$20,386
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
6.86%
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%
$407,720
$407.7K
Cap Rate 7%
$291,229
$291.2K
Cap Rate 9%
$226,511
$226.5K
Market Conditions
NOI Build-Up for 2,472 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
$31.1K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.1K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.4K $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%
$407,720
Cap Rate 7%
$291,229
Cap Rate 9%
$226,511
Alternative Uses
Best Use
Multifamily LT 5
$291.2K
$254.8K – $339.8K
NOI $20,386 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,057 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,921 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
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 - Duplex on R2-zoned lot with off-street parking and rear alley access, offering two separate units.
Where is this duplex located?
The property is located at 1209 Stafford Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: R2 zoning duplex built in 1913; On one of two 80x75 lots with 0.27 acres total lot size; Two‑unit layout: first‑floor owner‑occupied plus long‑term tenant on second floor
