Fully Renovated Half Double
For Sale
$225,000
215 Saint Frances Cabrini Avenue, Scranton, PA 18504
MULTI_FAMILY - Scranton, PA
Property Size1,751 SF
Lot Size0.05 Acres
Price / SF$128.50
Days on Market35
Property Features for 215 Saint Frances Cabrini Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 4
Parking
2
Parking features
Off Street
Patio and Porch features
Porch
Basement
Full, Exterior Entry, Unfinished
Appliances
Gas Range, Refrigerator
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From I-81, take Exit 185 toward Central Scranton Expressway. Continue onto Cedar Ave, then turn left onto Pittston Ave. Continue onto Keyser Ave, then turn left onto Saint Frances Cabrini Ave. Property will be on the left.
Standard status
Active
APN
14518030072
Size
1,751 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2298
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 24 at 6:06PM
MLS# SC263577
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.
Fully renovated half double duplex at 215 Saint Frances Cabrini Avenue, Scranton. The home offers two updated units with separate electric service. The first floor features a spacious two-bedroom, one-bath apartment with in-unit laundry, rear access to the private off-street parking area, and a small backyard.
The second unit spans the second and third floors with three bedrooms and one bathroom, plus an additional loft space suitable for a home office, playroom, or extra storage. The second unit also includes a rear deck for outdoor enjoyment. Heating is natural gas, and appliances listed include a gas range and refrigerator.
The property is zoned R1 and sits on a 0.05-acre lot. Built in 1920, the home is served by public water and public sewer. Off-street parking is available on site.
The second unit spans the second and third floors with three bedrooms and one bathroom, plus an additional loft space suitable for a home office, playroom, or extra storage. The second unit also includes a rear deck for outdoor enjoyment. Heating is natural gas, and appliances listed include a gas range and refrigerator.
The property is zoned R1 and sits on a 0.05-acre lot. Built in 1920, the home is served by public water and public sewer. Off-street parking is available on site.
Key Highlights
- Two updated units with separate electric service
- First‑floor unit: two bedrooms, one bathroom, in‑unit laundry
- Second‑floor unit: three bedrooms, one bathroom plus loft space and rear deck
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
$14,440
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
6.42%
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%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,751 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
$22.1K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.6K $11.78/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.4K $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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Multifamily LT 5
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,499 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$444.4K
$388.9K – $518.5K
NOI $31,111 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,848
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
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 - R1 zoned, fully renovated duplex with two updated units, in-unit laundry, separate electric, and off-street parking.
Where is this duplex located?
The property is located at 215 Saint Frances Cabrini Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two updated units with separate electric service; First‑floor unit: two bedrooms, one bathroom, in‑unit laundry; Second‑floor unit: three bedrooms, one bathroom plus loft space and rear deck
