Green Ridge Duplex Investment
626 628 Electric Street Scranton, PA 18509
626 628 Electric Street, Scranton, PA, 18509
$270,000
Pending
For Sale
$270,000
Pending
MULTI_FAMILY - Other - Scranton, PA
Property Size1,800 SF
Lot Size0.06 Acres
Days on Market56
Property Features for 626 628 Electric Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Parking features
- Off Street
- Window features
- Double Pane Windows
- Basement
- Storage Space
- Standard status
- Pending
- APN
- 13513030047
- Size
- 1,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 55X50 W-23 B-013 L-007A P-007
- Tax Annual Amount
- 3406
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Christian Saunders Real Estate
(800) 372-4222
Listed by
Thomas Exeter · License #RS353357
(570) 499-3333
Added: May 28 Updated: Jul 20 at 11:40PM Checked: Jul 22 at 9:06PM
MLS# SC262469
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 two-unit property is located in the Green Ridge section of Scranton. Each unit features a two-bedroom layout. The property is situated one block from Green Ridge Corners, providing access to restaurants, shopping, schools, and local businesses. Off-street parking is available. A small backyard area is included. Separate gas and electric utilities are in place, with tenants responsible for their own bills. The property is currently occupied by tenants. The property size is 1800 square feet and the lot size is 0.06 acres. The zoning is R2.
Key Highlights
- 2‑unit property with both units offering 2‑bedroom layouts
- Separate gas and electric utilities, with tenants paying their own bills
- Public water and public sewer service
Local 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 | $22.7k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $21.2k | $11.78 |
| − OpEx | −$6.4k | −$3.53 |
| NOI | $14.8k | $8.25 |
1,800 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$198.2K
$173.5K – $231.3K
NOI $13,877 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property in desirable Green Ridge, Scranton. Great income potential.
Where is this duplex located?
The property is located at 626 628 Electric Street Scranton, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2‑unit property with both units offering 2‑bedroom layouts; Separate gas and electric utilities, with tenants paying their own bills; Public water and public sewer service
