Duplex with River
For Sale
$239,000
Pending
614 Boulevard Avenue, Scranton, PA 18519
MULTI_FAMILY - Scranton, PA
Property Size1,866 SF
Lot Size0.38 Acres
Days on Market38
Property Features for 614 Boulevard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 5, Bedroom 3, Bedroom 4
Parking features
On Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Basement
Concrete, Walk-Out Access, Interior Entry, Unfinished
Lot features
Back Yard, Level, Garden
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
North on Main St. to Dickson corners, right onto Boulevard Ave. The property is on the left.
Standard status
Pending
APN
12408040051
Size
1,866 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X212x41x208 W-01 B-0110 L-0020 P-00000
Tax Annual Amount
1875
Legal Description
40X212x41x208 W-01 B-0110 L-0020 P-00000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Water front features
River Access
Water front
1
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Vinyl
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
Robert J Vanston · License #RM046573A
(570) 840-0152
Added: Jun 29
Changed: Aug 1
Last Checked: Aug 5 at 6:06PM
MLS# SC263248
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 duplex features two distinct living units in a double-block configuration. The right unit offers 6 rooms with 3 bedrooms and 1 bathroom, while the left unit offers 5 rooms with 2 bedrooms and 1 bathroom. Heat and electric utilities are separate for each unit, and there are 2 gas furnaces. Interior features include an eat-in kitchen, with flooring options reported as wood, carpet, and vinyl. The home includes a basement and a porch, with on-street parking.
Set on a 0.38-acre lot, the property extends back over 200 feet and fronts a section of the Lackawanna River with river access. The listing also notes water source as public and sewer as public sewer. The property is located in Scranton, Lackawanna County, Pennsylvania, and the seller notes a public park within walking distance. Zoning is R2 and the year built is 1930.
The arrangement of two independently served units, along with the lot size and river-access frontage, may appeal to buyers seeking an income-oriented property with two separate utility setups.
Set on a 0.38-acre lot, the property extends back over 200 feet and fronts a section of the Lackawanna River with river access. The listing also notes water source as public and sewer as public sewer. The property is located in Scranton, Lackawanna County, Pennsylvania, and the seller notes a public park within walking distance. Zoning is R2 and the year built is 1930.
The arrangement of two independently served units, along with the lot size and river-access frontage, may appeal to buyers seeking an income-oriented property with two separate utility setups.
Key Highlights
- Two distinct duplex units: right unit 3 bed 1 bath, left unit 2 bed 1 bath
- Separate heat and electric utilities for each unit plus 2 gas furnaces
- River access with frontage on the Lackawanna River
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 | $23.5k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $22.0k | $11.78 |
| − OpEx | −$6.6k | −$3.53 |
| NOI | $15.4k | $8.25 |
1,866 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.4K – $256.5K
NOI $15,388 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,154 @ 7.0% cap · market cap 13.87%
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
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
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 - Duplex with two separate units, each with its own heat and electric, on a river-access lot in Scranton.
Where is this duplex located?
The property is located at 614 Boulevard Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two distinct duplex units: right unit 3 bed 1 bath, left unit 2 bed 1 bath; Separate heat and electric utilities for each unit plus 2 gas furnaces; River access with frontage on the Lackawanna River
