Updated Duplex with Detached
For Sale
$248,000
Pending
834 E Scott Street, Olyphant, PA 18447
MULTI_FAMILY - Other - Olyphant, PA
Property Size1,500 SF
Lot Size0.07 Acres
Days on Market36
Property Features for 834 E Scott Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
r1
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
Parking
2
Parking features
Garage
Patio and Porch features
Porch
Interior features
Recessed Lighting
Exterior features
Balcony, Private Yard, Garden
Appliances
Range, Refrigerator
Lot features
Cleared, Sloped
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
From South Valley Ave., turn onto E. Scott St. near Convenient. Proceed uphill; home is located on the left near the top of the hill.
Standard status
Pending
APN
11419010012
Size
1,500 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
29X120x31x120 Snooks Add L 51 B 27 W-04 B-019 L-017
Tax Annual Amount
1252
Legal Description
29X120x31x120 Snooks Add L 51 B 27 W-04 B-019 L-017
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Lizbeth Vaquero · License #RS355766
(570) 309-1334
Added: Jul 18
Changed: Aug 10
Last Checked: Aug 22 at 9:06AM
MLS# SC263498
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.
Updated duplex in Olyphant, PA built in 1925, featuring modern interior updates across both units. Interiors include recessed lighting and vinyl flooring, with fresh paint and spacious layouts. Kitchens offer abundant cabinetry, updated countertops, stone-look backsplashes, and newer appliances (range and refrigerator).
The property includes a detached one-car garage, a rear parking pad, and alley access for added convenience. Exterior features include a porch, balcony, private yard, and garden. Heating is natural gas with window unit(s) for cooling, and the home has vinyl siding and a composition roof. Water and sewer services are public.
Zoned R1, the duplex is located conveniently near shopping, schools, parks, and major highways, supporting both owner-occupant use and investment flexibility.
The property includes a detached one-car garage, a rear parking pad, and alley access for added convenience. Exterior features include a porch, balcony, private yard, and garden. Heating is natural gas with window unit(s) for cooling, and the home has vinyl siding and a composition roof. Water and sewer services are public.
Zoned R1, the duplex is located conveniently near shopping, schools, parks, and major highways, supporting both owner-occupant use and investment flexibility.
Key Highlights
- Updated duplex with recessed lighting and vinyl flooring in both units
- Kitchens feature abundant cabinetry, updated countertops, stone‑look backsplashes, and newer appliances
- Detached one‑car garage plus rear parking pad with alley access
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
$12,370
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
4.99%
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%
$247,400
$247.4K
Cap Rate 7%
$176,714
$176.7K
Cap Rate 9%
$137,444
$137.4K
Market Conditions
NOI Build-Up for 1,500 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
$18.9K $12.60/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$17.7K $11.78/SF
− OpEx
−$5.3K −$3.53/SF
NOI
$12.4K $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%
$247,400
Cap Rate 7%
$176,714
Cap Rate 9%
$137,444
Alternative Uses
Best Use
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$380.7K
$333.1K – $444.2K
NOI $26,651 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
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 - Updated duplex with recessed lighting, vinyl finishes, and utilities to support a comfortable owner-occupant or rental setup.
Where is this duplex located?
The property is located at 834 E Scott Street Olyphant, PA.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Updated duplex with recessed lighting and vinyl flooring in both units; Kitchens feature abundant cabinetry, updated countertops, stone‑look backsplashes, and newer appliances; Detached one‑car garage plus rear parking pad with alley access
