Two-Unit Duplex with Rear
For Sale
$235,000
Pending
530 S Irving Avenue, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size1,900 SF
Lot Size0.09 Acres
Days on Market47
Property Features for 530 S Irving Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch, Deck
Interior features
Eat-in Kitchen, Attic Storage, Laminate Counters
Exterior features
Private Yard
Fencing
Chain Link
Basement
Unfinished, Dirt Floor, Exterior Entry, Full
Appliances
Electric Range, Washer, Water Heater, Washer/Dryer Stacked, Refrigerator, Electric Water Heater
Lot features
Back Yard, Not In Development, Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Scranton, take I-81S to exit 184. Turn right on Moosic Street and follow down to South Irving Ave. Turn left. Home is on the corner of South Irving Avenue and Alder Street.
Standard status
Pending
APN
15620050055
Size
1,900 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50X80 Bldg & Land W-19 B-019 L-015 P-018
Tax Annual Amount
3077
Legal Description
50X80 Bldg & Land W-19 B-019 L-015 P-018
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
laundry room
laundry closet
rear deck
yard
partial attic
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
James Caceres
(570) 352-7106
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 12 at 5:06PM
MLS# SC263711
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 1,900-square-foot duplex, built in 1930, includes two residential living areas within a 0.09-acre parcel. The first floor provides two bedrooms, a large living room, kitchen, laundry room, and access to a rear deck and yard. The upper level contains three bedrooms, a walk-up partially finished attic, and a laundry closet. The basement has exterior access only. Interior features include an eat-in kitchen, laminate counters, tile and laminate flooring, and attic storage. Appliances include electric ranges, refrigerators, washers, a stacked washer/dryer, and water heaters.
Located at 530 S Irving Avenue in Scranton, the property has R1 zoning, public water, and public sewer. Exterior features include a private yard, chain-link fencing, a deck, and a porch. The home is being sold as-is, with repairs being made while listed.
Located at 530 S Irving Avenue in Scranton, the property has R1 zoning, public water, and public sewer. Exterior features include a private yard, chain-link fencing, a deck, and a porch. The home is being sold as-is, with repairs being made while listed.
Key Highlights
- Duplex classification with two residential living areas
- 1,900 square feet on a 0.09‑acre parcel
- First floor includes 2 bedrooms, kitchen, laundry room, living room, deck, and yard access
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
$15,669
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
6.67%
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%
$313,380
$313.4K
Cap Rate 7%
$223,843
$223.8K
Cap Rate 9%
$174,100
$174.1K
Market Conditions
NOI Build-Up for 1,900 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
$23.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.4K $11.78/SF
− OpEx
−$6.7K −$3.53/SF
NOI
$15.7K $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%
$313,380
Cap Rate 7%
$223,843
Cap Rate 9%
$174,100
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
891
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
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 - R1-zoned property with two residential living areas, laundry amenities, and a private yard in Scranton.
Where is this duplex located?
The property is located at 530 S Irving Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Duplex classification with two residential living areas; 1,900 square feet on a 0.09‑acre parcel; First floor includes 2 bedrooms, kitchen, laundry room, living room, deck, and yard access
