Triplex with Private
For Sale
$250,000
816 Capouse Avenue, Scranton, PA 18509
MULTI_FAMILY - Scranton, PA
Property Size1,920 SF
Lot Size0.12 Acres
Price / SF$130.21
Days on Market150
Property Features for 816 Capouse Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CT019
Zoning description
Commercial
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Basement, Bathroom 3, Bathroom 2, Bedroom 1
Exterior features
Lighting, Private Yard
Basement
Storage Space, Block
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Rt 81 to the Central Scranton Biden Expressway to Jefferson ave to Mulberry left on mulberry to Wyoming right Wyoming to Olive, then to Capouse Ave
Standard status
Active
APN
14516040059
Size
1,920 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
30X178 Lathrop & Jones Plot Ptl 11 W-07 B-0180 L-0040 P-006
Legal Description
30X178 Lathrop & Jones Plot Ptl 11 W-07 B-0180 L-0040 P-006
Amenities
fenced back yard
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Anthony L. Deeter
(570) 407-6755
Added: Mar 17
Changed: Aug 4
Last Checked: Aug 13 at 3:06AM
MLS# SC261123
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 triplex at 816 Capouse Avenue in Scranton is configured as three residential units and includes a basement plus three bathrooms and two bedrooms listed across the rooms. The exterior features include lighting and a private yard with a fenced back yard. Built in 1930, the property also includes a private yard area suitable for tenant use.
The property is centrally located and described as within walking distance to Center city. It sits directly on a public transportation route, which can support tenant convenience for commuting and everyday travel.
The site totals 0.12 acres, and the property is listed at 1,920 SF. Zoning is CT019.
The property is centrally located and described as within walking distance to Center city. It sits directly on a public transportation route, which can support tenant convenience for commuting and everyday travel.
The site totals 0.12 acres, and the property is listed at 1,920 SF. Zoning is CT019.
Key Highlights
- Three residential units in one triplex configuration
- Private fenced back yard and private yard exterior features
- Directly on a public transportation route
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
$15,834
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
6.33%
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%
$316,680
$316.7K
Cap Rate 7%
$226,200
$226.2K
Cap Rate 9%
$175,933
$175.9K
Market Conditions
NOI Build-Up for 1,920 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
$24.2K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.6K $11.78/SF
− OpEx
−$6.8K −$3.53/SF
NOI
$15.8K $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%
$316,680
Cap Rate 7%
$226,200
Cap Rate 9%
$175,933
Alternative Uses
Best Use
Multifamily LT 5
$226.2K
$197.9K – $263.9K
NOI $15,834 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$211.5K
$185.0K – $246.7K
NOI $14,802 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$487.3K
$426.4K – $568.6K
NOI $34,113 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
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?
Triplex - Triplex property on a public transportation route with a private fenced yard and zoning CT019.
Where is this triplex located?
The property is located at 816 Capouse Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three residential units in one triplex configuration; Private fenced back yard and private yard exterior features; Directly on a public transportation route
