Tenant-Occupied Duplex with
For Sale
$349,000
1705 1707 Capouse Avenue, Scranton, PA 18509
Residential Income, Scranton, PA
Property Size2,542 SF
Lot Size0.25 Acres
Price / SF$137.29
Days on Market24
Property Features for 1705 1707 Capouse Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Basement, Bathroom 1
Parking features
Carport, Off Street
Patio and Porch features
Porch
Interior features
Kitchen Island
Exterior features
Private Yard
Basement
Full, Unfinished
Appliances
Dishwasher, Refrigerator, Washer/Dryer, Electric Oven
Elementary school district
Scranton School District
Middle school district
Scranton School District
High school district
Scranton School District
Directions
From N. Main Ave, take Green Ridge St toward Dunmore. Turn left onto Capouse Ave. Continue approximately 2 blocks. Property will be on the left at Capouse Ave.
Standard status
Active
APN
13517050044
Size
2,542 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
304
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
covered carport
enclosed rear patio
backyard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Architectural style
Other
Listing Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Added: Aug 10
Changed: Aug 31
Last Checked: Sep 2 at 1:06AM
MLS# PW-262727
Copyright © 2026 Pike/Wayne Association 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.
Built in 1920, this tenant-occupied duplex contains 2,542 square feet on a 0.25-acre parcel. The property includes hardwood and carpet flooring, kitchen islands, dishwashers, refrigerators, electric ovens, and washer/dryer appliances. Natural-gas forced-air heating and ceiling fans serve the interior, while public water and public sewer provide the utility infrastructure.
Exterior features include a covered carport, additional off-street parking, a porch, an enclosed rear patio, and a private yard. The property is located at 1705 1707 Capouse Avenue in Scranton, Pennsylvania, within postal code 18509. A basement is also included among the listed rooms.
Exterior features include a covered carport, additional off-street parking, a porch, an enclosed rear patio, and a private yard. The property is located at 1705 1707 Capouse Avenue in Scranton, Pennsylvania, within postal code 18509. A basement is also included among the listed rooms.
Key Highlights
- Duplex built in 1920 with 2,542 square feet of property size
- Situated on a 0.25‑acre parcel in Scranton, PA 18509
- Tenant‑occupied residential income property
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
$20,963
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
6.01%
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%
$419,260
$419.3K
Cap Rate 7%
$299,471
$299.5K
Cap Rate 9%
$232,922
$232.9K
Market Conditions
NOI Build-Up for 2,542 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
$32.0K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$29.9K $11.78/SF
− OpEx
−$9.0K −$3.53/SF
NOI
$21.0K $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%
$419,260
Cap Rate 7%
$299,471
Cap Rate 9%
$232,922
Alternative Uses
Best Use
Multifamily LT 5
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$280.0K
$245.0K – $326.6K
NOI $19,597 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$645.2K
$564.6K – $752.7K
NOI $45,164 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share off-street parking, a covered carport, and a spacious rear yard.
Where is this duplex located?
The property is located at 1705 1707 Capouse Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex built in 1920 with 2,542 square feet of property size; Situated on a 0.25‑acre parcel in Scranton, PA 18509; Tenant‑occupied residential income property
