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    405 Daleville Hwy Covington Twp, PA 18444

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    Sponsored
    For Sale
    $499,900

    MULTI_FAMILY - Ranch - Covington Twp, PA

    Type:Single Family Residence
    Property size:
    2,800 SF
    Lot size:
    2.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 22 at 12:06 pm

    Property Features for 405 Daleville Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Commerical
    Rooms
    Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 3, Basement, Bathroom 1
    Bedrooms
    5
    Bathrooms
    4
    APN
    2120201000501
    Parking features
    Garage
    Fireplace
    1
    Appliances
    Built-In Gas Range, Refrigerator
    Size
    2,800 SF
    Lot size
    2.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Propane Stove

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Combination
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Michael S. Taluto

    ERA One Source Realty

    Listing agent Michael S. Taluto

    Listing date Mar 19, 2026

    MLS# SC261072

    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.

    Learn more

    Property Insight Report

    Overview

    Two Ranch Homes on 2 Acres

    Located on Daleville Highway, this 2-acre property features two ranch-style homes and a 1 1/2-car garage. The property offers versatility for owner-occupancy, rental income, or multi-generational living. The owner-occupied ranch at 405 Daleville Hwy features over 1,800 sq ft of living space, three bedrooms (primary 13.8 by 11.6, bedrooms 10.3 by 12 by 10.11), 1 1/2 baths, a kitchen (11 by 16), a living/dining area (14 by 32), a sunroom (9 by 13), and a family room (15 by 36). It includes blown-in attic insulation, a fully foam-insulated family room and basement room, two propane fireplaces, and electric baseboard heat installed 3 years ago. The partially finished walkout basement offers potential for extra living space. Exterior features include a 12 by 36 rear deck and front concrete porch. Appliances include a stove, refrigerator, and dishwasher. The tenant-occupied ranch at 401 Daleville Hwy is currently rented month-to-month. It features approximately 1,000 sq ft with a galley kitchen, one bathroom, two large bedrooms (one with a walk-in closet), and a combined living/dining area. It also features a covered porch and wraparound deck. Appliances include a stove and refrigerator. Located minutes from major retail, restaurants, and schools, and 15 minutes from downtown Scranton or Mount Pocono, this property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Parts Store Spa & Massage Center Kitchen & Bath Showroom Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington Twp
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.522196
    Latitude
    41.307034

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    FAQs

    What type of property is this?
    Duplex - Two single-family ranch homes on a 2-acre lot.
    Where is this duplex located?
    The property is located at 405 Daleville Hwy Covington Twp, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Two Ranch-Style Homes on a 2-Acre Property: Ideal for owner-occupancy, rental income, or multi-generational living.; - 405 Daleville Hwy (Owner-Occupied): Features 3 bedrooms, 1.5 baths, spacious kitchen, large living/dining area, sunroom, and family room with energy-efficient insulation upgrades.; - Rental Income Potential: 401 Daleville Hwy is tenant-occupied at $850/month, with tenants willing to stay.
    (570) 357-3843
    Request Owner's contact information
    405 Daleville Hwy Covington Twp, PA 18444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Daleville Hwy Covington Twp, PA 18444
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    We can help!
    Listing Contact
    Michael S. Taluto
    Real Estate License ID: RS366701
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