Scranton Multifamily Property with
401 Putnam Street Scranton, PA 18508
MULTI_FAMILY - Scranton, PA
Property size:
1,554 SFLot size:
0.05 AcresPrice / SF:
$128/SF- Added:
- Mar 27, 2026
- Days on Market:
- 106
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 401 Putnam Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 3, Bedroom 4
- Basement
- Full, Unfinished, Interior Entry
- Standard status
- Active
- APN
- 13411040017
- Size
- 1,554 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 29X73 Bldg & Land W-02 B-0770 L-0150 P-
- Tax Annual Amount
- 2742
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Number of units
- 2
Listing agent Alexsis McGhee License #RS366599 (570) 520-8867
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date Mar 27, 2026
MLS# SC261211
Listing URL
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 two-unit multifamily property is located in Scranton, PA. The property has a total size of 1554 square feet and sits on a lot of approximately 0.05 acres. The zoning is R1. The upstairs unit has been renovated and is currently rented, providing immediate income. The downstairs unit is vacant and requires light cosmetic updates to increase its value. The upstairs tenant currently covers the utilities. There is potential to split the heating system by installing electric baseboards in the downstairs unit.
Key Highlights
- Solid 2‑unit property with upstairs unit already renovated and rented
- Downstairs unit is vacant and available for showings; described as needing light cosmetic refresh
- Year built 1935
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $12.60 |
| − Vacancy | −$1.3k | −$0.82 |
| EGI | $18.3k | $11.78 |
| − OpEx | −$5.5k | −$3.53 |
| NOI | $12.8k | $8.25 |
1,554 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.1K
$160.2K – $213.6K
NOI $12,815 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$171.1K
$149.8K – $199.7K
NOI $11,980 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$394.4K
$345.1K – $460.2K
NOI $27,610 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property in Scranton, PA, with immediate income potential.
Where is this duplex located?
The property is located at 401 Putnam Street Scranton, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Solid 2‑unit property with upstairs unit already renovated and rented; Downstairs unit is vacant and available for showings; described as needing light cosmetic refresh; Year built 1935
