Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Carbondale Multi-Family Home Title is generated by Realmo AI

    88 7th Avenue, Carbondale, PA 18407

    View on Map
    Claim this Listing
    For Sale
    $189,000

    MULTI_FAMILY - Other - Carbondale, PA

    Property size:
    1,675 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $112/SF
    Added:
    May 12, 2026
    Days on Market:
    12
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for 88 7th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    r1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Basement, Bedroom 4
    Parking features
    On Street
    Patio and Porch features
    Porch
    Basement
    Unfinished
    Appliances
    Built-In Electric Range
    Standard status
    Active
    APN
    05505050044
    Size
    1,675 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    60X38 W-03 B-0140 L-0030 P-00000
    Tax Annual Amount
    1954

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Ruddy
    Mary Ruddy

    Listing agent Mary Ruddy

    Listing office Ruddy Realty 25 N Main St, CARBONDALE, PA

    Listing date May 12, 2026

    MLS# SC262131 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

    • Great income potential as a multi‑family home.
    • Move‑in ready condition.
    • Each unit has 2 bedrooms.
    • Laundry hookups in each unit.
    • Large front porch and deck.
    • Built‑in features add charm.

    Overview

    This multi-family home in Carbondale, Pennsylvania, offers income potential and is move-in ready. Each unit features 2 bedrooms, bright and spacious rooms, charming built-ins, and laundry hookups. The property includes a large front porch and a deck. The lot size is 0.05 acres and the property size is 1675 square feet. The zoning is R1. Located in Carbondale, PA 18407, this residential income property presents an opportunity to live in one unit and rent out the other.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $153.5K
    NOI $13,813 @ 9.00% cap · cautious / downside scenario
    Moderate
    $197.3K
    NOI $13,813 @ 7.00% cap · market / base-case scenario
    Aggressive
    $276.3K
    NOI $13,813 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $21.1k $12.60
    − Vacancy −$1.4k −$0.82
    EGI $19.7k $11.78
    − OpEx −$5.9k −$3.53
    NOI $13.8k $8.25
    1,675 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $197.3K
    $172.7K – $230.2K (±1% cap)
    NOI $13,813 @ 7.0% cap · market cap 7.31%
    Second Best
    Apartment 5plus
    $184.5K
    $161.4K – $215.2K (±1% cap)
    NOI $12,913 @ 7.0% cap · market cap 6.83%
    Theoretical Best
    Office A
    $425.1K
    $372.0K – $496.0K (±1% cap)
    NOI $29,760 @ 7.0% cap · market cap 15.75%
    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 Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.4995698
    Latitude
    41.5703383

    Nearby Similar for Sale

    • $750,000
      13,000 SF

      Carbondale Commercial Property For Sale

      13,000 sq ft building on almost one acre lot.
      283 Brooklyn Street, Carbondale, PA 18407
      View Details
    • $419,000
      4,924 SF

      Fully Rented Multi-Unit Portfolio

      Excellent investment opportunity with fully rented multi-unit properties.
      46 Fallbrook Street, Carbondale, PA 18407
      View Details
    • $259,000
      2,220 SF

      Renovated Duplex in Carbondale, PA

      Fully renovated duplex with income potential in Carbondale, PA.
      26 Maple Avenue, Carbondale, PA 18407
      View Details
    • $290,000
      3,276 SF

      Carbondale Mixed-Use Investment Opportunity

      Three-unit property in Carbondale, PA, with commercial/residential zoning.
      5 N Church Street, Carbondale, PA 18407
      View Details
    • $90,000

      Retail or Restaurant Opportunity

      Commercial property suitable for retail sales or restaurant use.
      48 S Main Street S, Carbondale, PA 18407
      View Details
    • $2,100,000
      31,144 SF

      Renovated Office Complex For Sale

      Fully renovated office complex with 50 separate offices.
      30-32 N Main Street, Carbondale, PA 18407
      View Details
    • $269,000
      3,440 SF

      Tavern with Apartment and License

      Tavern with apartment, includes furniture, fixtures, equipment and liquor license.
      129 Pike Street, Carbondale, PA 18407
      View Details
    • $2,100,000
      31,144 SF

      Renovated Office Complex For Sale

      Fully renovated office complex with 50 separate offices.
      N Main Street, Carbondale, PA 18407
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex with income potential in Carbondale, PA.
    Where is this duplex located?
    The property is located at 88 7th Avenue Carbondale, PA.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Great income potential as a multi‑family home.; Move‑in ready condition.; Each unit has 2 bedrooms.
    (570) 280-0001
    We can help!
    Listing Contact
    Mary Ruddy
    Mary Ruddy
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    88 7th Avenue, Carbondale, PA 18407
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!