Updated Duplex with
For Sale
$309,900
Pending
1810-1812 Lafayette Street, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size2,231 SF
Lot Size0.09 Acres
Days on Market89
Property Features for 1810-1812 Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
On Street, Driveway
Patio and Porch features
Porch
Basement
Unfinished, Full
Appliances
Oven, Range, Refrigerator
Subdivision
William Swetland Plot
Lot features
City Lot, Rectangular Lot, Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Main Street, right on Lafayette just past N Filmore.
Standard status
Pending
APN
14513090007
Size
2,231 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
80X50 Bldg & Land W-04 B-0320 L-019A P-02200
Tax Annual Amount
3800
Legal Description
80X50 Bldg & Land W-04 B-0320 L-019A P-02200
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
wraparound front porch
large attic for extra storage
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Best · RE/MAX International
(570) 698-7299
Listed By:
Heather L Meagher · License #RS283663
(570) 253-9566
Added: Jun 22
Changed: Sep 12
Last Checked: Sep 18 at 12:06PM
MLS# SC262967
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 1930 duplex contains two three-bedroom, one-bath apartments within 2,231 square feet. One unit is vacant and has been refreshed with new flooring, a renovated kitchen, and an updated bathroom. The other apartment is occupied and was updated approximately 11 years ago. Both units feature open layouts, kitchen-adjacent mudrooms, and access to a large attic for storage. The property has aluminum siding, vinyl and carpet flooring, natural-gas heat, and public water and sewer.
A driveway provides off-street parking, complemented by on-street parking. Additional exterior features include a wraparound front porch and an asphalt roof replaced in 2022 following a complete tear-off and plywood replacement. Located in West Scranton, the property is near schools, shopping, local amenities, and major routes. R1 zoning applies.
A driveway provides off-street parking, complemented by on-street parking. Additional exterior features include a wraparound front porch and an asphalt roof replaced in 2022 following a complete tear-off and plywood replacement. Located in West Scranton, the property is near schools, shopping, local amenities, and major routes. R1 zoning applies.
Key Highlights
- Two‑unit duplex with two 3‑bedroom, 1‑bath apartments
- 2,231 square feet on a 0.09‑acre lot
- Vacant apartment updated with new flooring, kitchen, and bathroom
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
$18,398
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
5.94%
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%
$367,960
$368.0K
Cap Rate 7%
$262,829
$262.8K
Cap Rate 9%
$204,422
$204.4K
Market Conditions
NOI Build-Up for 2,231 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
$28.1K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$26.3K $11.78/SF
− OpEx
−$7.9K −$3.53/SF
NOI
$18.4K $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%
$367,960
Cap Rate 7%
$262,829
Cap Rate 9%
$204,422
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$230.0K – $306.6K
NOI $18,398 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$245.7K
$215.0K – $286.7K
NOI $17,200 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$566.3K
$495.5K – $660.7K
NOI $39,639 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments with separate living areas, storage access, and one vacant unit ready for occupancy or leasing.
Where is this duplex located?
The property is located at 1810-1812 Lafayette Street Scranton, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with two 3‑bedroom, 1‑bath apartments; 2,231 square feet on a 0.09‑acre lot; Vacant apartment updated with new flooring, kitchen, and bathroom
