Three-Unit Triplex with Private
For Sale
$344,000
Pending
618 Maple Street, Scranton, PA 18505
MULTI_FAMILY - Other - Scranton, PA
Property Size3,704 SF
Lot Size0.15 Acres
Days on Market25
Property Features for 618 Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Bedroom 8, Bathroom 1, Basement, Bedroom 1, Bedroom 9
Parking
6
Parking features
Off Street, On Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Pantry
Exterior features
Private Yard, Storage, Rain Gutters
Basement
Finished, Apartment, Walk-Out Access
Appliances
Oven, Refrigerator
Lot features
Back Yard, Rectangular Lot, Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From I-81, take Exit 182B (Davis Street) toward Scranton. Continue on Davis Street, then turn right onto Pittston Avenue. Follow Pittston Avenue approximately 1 mile and turn left onto Maple Street. Continue to 618 Maple Street, which will be on your left.
Standard status
Pending
APN
16708010008
Size
3,704 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X160 Pawnee Coal Co L 10 B 31 W-19 B-011 L-030 P-036
Tax Annual Amount
5886
Legal Description
40X160 Pawnee Coal Co L 10 B 31 W-19 B-011 L-030 P-036
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
backyard
Building Details
Year built
1945
Floors in Building
2
Number of units
3
Flooring type
Combination, Vinyl
Building materials
Aluminum Siding, Block
Roof type
Flat, Shingle, Rubber
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Mark Scrimalli · License #RS353478
(570) 880-8286
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 21 at 7:06PM
MLS# SC263708
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 recently updated three-unit triplex offers a mix of one 4-bedroom unit, one 3-bedroom unit, and one 2-bedroom unit. Each unit has separate utilities, supporting straightforward day-to-day operations. Inside, amenities include eat-in kitchens and a pantry, along with appliances such as an oven and refrigerator. The property also includes interior living space with a basement and multiple bathrooms.
Set on a 0.15-acre lot, the exterior features a private yard, storage, and rain gutters, plus a porch. Parking is available on street and off street. Construction materials include aluminum siding and block, with rubber, shingle, and flat roofing.
The home was built in 1945 and is served by public water and public sewer, with natural gas heating throughout.
Set on a 0.15-acre lot, the exterior features a private yard, storage, and rain gutters, plus a porch. Parking is available on street and off street. Construction materials include aluminum siding and block, with rubber, shingle, and flat roofing.
The home was built in 1945 and is served by public water and public sewer, with natural gas heating throughout.
Key Highlights
- Recently updated three‑unit triplex: one 4‑bedroom unit, one 3‑bedroom unit, one 2‑bedroom unit
- Separate utilities for each unit
- 0.15‑acre lot with private yard, storage, and porch
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
$30,546
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
8.88%
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%
$610,920
$610.9K
Cap Rate 7%
$436,371
$436.4K
Cap Rate 9%
$339,400
$339.4K
Market Conditions
NOI Build-Up for 3,704 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
$46.7K $12.60/SF
− Vacancy
−$3.0K −$0.82/SF
EGI
$43.6K $11.78/SF
− OpEx
−$13.1K −$3.53/SF
NOI
$30.5K $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%
$610,920
Cap Rate 7%
$436,371
Cap Rate 9%
$339,400
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.8K – $509.1K
NOI $30,546 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$407.9K
$356.9K – $475.9K
NOI $28,555 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$940.1K
$822.6K – $1.10M
NOI $65,810 @ 7.0% cap · market cap 19.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
908
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?
Triplex - Updated three-unit triplex with separate utilities, private yard, and natural gas heating.
Where is this triplex located?
The property is located at 618 Maple Street Scranton, PA.
What is the asking price?
The asking price for this property is $344,000.
What are key features of this property?
This property features: Recently updated three‑unit triplex: one 4‑bedroom unit, one 3‑bedroom unit, one 2‑bedroom unit; Separate utilities for each unit; 0.15‑acre lot with private yard, storage, and porch
