Updated Duplex With Separate
For Sale
$170,000
Pending
428 Railroad Avenue, Scranton, PA 18505
MULTI_FAMILY - Other - Scranton, PA
Property Size1,600 SF
Lot Size0.13 Acres
Days on Market96
Property Features for 428 Railroad Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1, Basement
Parking features
On Street
Window features
Double Pane Windows, Insulated Windows
Patio and Porch features
Porch
Basement
Dirt Floor
Appliances
Free-Standing Gas Oven, Refrigerator, Gas Water Heater
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
make left or right off Luzerne St. and home is on the right.
Standard status
Pending
APN
15648010026
Size
1,600 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
28X201 W-06 B-0100 L-009B P-01100
Tax Annual Amount
3545
Legal Description
28X201 W-06 B-0100 L-009B P-01100
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
William Pregmon
(570) 209-1941
Added: Apr 30
Changed: Aug 1
Last Checked: Aug 3 at 8:06AM
MLS# SC261842
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 updated duplex at 428 Railroad Avenue includes two separate units, each with three bedrooms and one bathroom. One unit is currently occupied while the second unit is vacant, offering immediate flexibility for rental operations. The property features separate electric meters, keeping tenant utility responsibility separate.
Recent improvements include new flooring, a new water heater, and a new roof. Heating is natural gas forced air, with window unit(s) providing cooling. The home has wood siding, a shingle roof, a porch, and on-street parking. Appliances include a free-standing gas oven and refrigerator, along with a gas water heater.
Built in 1954 and served by public water and public sewer, the property sits on a 0.13-acre lot and is zoned R1.
Recent improvements include new flooring, a new water heater, and a new roof. Heating is natural gas forced air, with window unit(s) providing cooling. The home has wood siding, a shingle roof, a porch, and on-street parking. Appliances include a free-standing gas oven and refrigerator, along with a gas water heater.
Built in 1954 and served by public water and public sewer, the property sits on a 0.13-acre lot and is zoned R1.
Key Highlights
- Two units, each with three bedrooms and one bathroom
- One unit occupied and one unit vacant
- Separate electric meters for tenant utility responsibility
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 | $20.2k | $12.60 |
| − Vacancy | −$1.3k | −$0.82 |
| EGI | $18.8k | $11.78 |
| − OpEx | −$5.7k | −$3.53 |
| NOI | $13.2k | $8.25 |
1,600 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,428 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
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 3-bedroom units on a 0.13-acre lot, with separate electric meters and one unit currently occupied.
Where is this duplex located?
The property is located at 428 Railroad Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and one bathroom; One unit occupied and one unit vacant; Separate electric meters for tenant utility responsibility
