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    Spacious Duplex Near Schools Title is generated by Realmo AI

    734 S Main Street, Taylor, PA 18517

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    Pending
    $269,900

    MULTI_FAMILY - Other - Taylor, PA

    Property size:
    2,016 SF
    Lot size:
    0.14 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 734 S Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Basement, Bedroom 4
    Parking
    4
    Parking features
    Garage, Off Street
    Window features
    Double Pane Windows
    Patio and Porch features
    Porch
    Interior features
    Natural Woodwork, Recessed Lighting
    Exterior features
    Lighting, Rain Gutters
    Fencing
    Fenced, Chain Link
    Basement
    Walk-Out Access, Full, Concrete, Unfinished, Walk-Up Access
    Appliances
    Dryer, Washer, Water Heater, Refrigerator, Free-Standing Refrigerator, Free-Standing Electric Range, Exhaust Fan, Electric Water Heater, Electric Range
    Standard status
    Pending
    APN
    17606020008
    Size
    2,016 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    40X150 Hunters Add L 4 W-05 B-011 L-157
    Tax Annual Amount
    2150

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s), Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Tile - Ceramic, Simulated wood, Tile
    Building materials
    Aluminum Siding, Stone, Concrete
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    James W Gilhooley

    Listing agent James W Gilhooley License #RS373019

    Listing office C21 Jack Ruddy Real Estate 111 W Drinker St, Dunmore, PA

    Listing date Apr 27, 2026

    MLS# SC261809 Listing URL

    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.

    HighLights

    • Spacious duplex built in 1940 with 4 bedrooms and multiple bathrooms (Bathroom 1 and Bathroom 2).
    • Frontage directly in front of Riverside Elementary School and Riverside High School.
    • Separate water and electric service; gas supply has been run right up to the house.
    • Appliances included: refrigerator(s), electric range, electric water heater, washer, dryer (except 2nd floor dryer), and exhaust fan.
    • Hardwood, tile (ceramic and tile), and carpet flooring with natural woodwork and recessed lighting.
    • Completely fenced backyard with chain‑link fencing and a shed included with lawn care tools.

    Overview

    This multi-family property presents an opportunity for portfolio building or expansion. The duplex is located in front of Riverside Elementary School and Riverside High School, with proximity to Montage Mountain, which offers skiing, water parks, shopping, dining, minor league baseball, and concerts. Interstate access and the Pennsylvania Turnpike are nearby, as is Old Forge, known as the "Pizza Capital of The World". The property features separate water and electric service, and gas supply has been run to the house. Amenities include ceiling fans, ceramic backsplashes, hardwood floors, ceramic tile floors, and French doors. The property has a fenced backyard with a shed containing home care implements such as a lawn mower, snow blower, rakes, and brooms, which are included in the sale. All appliances are included with the home sale except for the 2nd-floor dryer. The lot size is 0.14 acres and the property size is 2016 square feet.

    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 $25.4k $12.60
    − Vacancy −$1.7k −$0.82
    EGI $23.8k $11.78
    − OpEx −$7.1k −$3.53
    NOI $16.6k $8.25
    2,016 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $237.5K
    $207.8K – $277.1K (±1% cap)
    NOI $16,625 @ 7.0% cap · market cap 6.16%
    Second Best
    Apartment 5plus
    $222.0K
    $194.3K – $259.0K (±1% cap)
    NOI $15,542 @ 7.0% cap · market cap 5.76%
    Theoretical Best
    Office A
    $511.7K
    $447.7K – $597.0K (±1% cap)
    NOI $35,819 @ 7.0% cap · market cap 13.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.719239
    Latitude
    41.37877

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Duplex - Multi-family property near schools and Montage Mountain.
    Where is this duplex located?
    The property is located at 734 S Main Street Taylor, PA.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Spacious duplex built in 1940 with 4 bedrooms and multiple bathrooms (Bathroom 1 and Bathroom 2).; Frontage directly in front of Riverside Elementary School and Riverside High School.; Separate water and electric service; gas supply has been run right up to the house.
    (570) 780-0725
    We can help!
    Listing Contact
    James W Gilhooley
    Real Estate License ID: RS373019
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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