Two-Unit Residential
For Sale
$175,000
1013 John Ave, Scranton, PA 18510
Each residence has two bedrooms and one full bathroom, with a bedroom providing walk-through access to the bath.
Property Size1,360 SF
Price / SF$128.68
Days on Market10
Property Features for 1013 John Ave
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,585
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Brigitte Baum · License #RS361730
(570) 290-9008
Source:
Exprealty
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 7 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and one full bathroom. In each unit, one bedroom connects to the bathroom by walk-through access. The property dates to 1930.
The address is 1013 John Avenue in Scranton, Pennsylvania. Shopping, dining, schools, and everyday services are identified in the surrounding area.
The address is 1013 John Avenue in Scranton, Pennsylvania. Shopping, dining, schools, and everyday services are identified in the surrounding area.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bath
- A bedroom in each unit has walk‑through access to the bathroom
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,216
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,320
$224.3K
Cap Rate 7%
$160,229
$160.2K
Cap Rate 9%
$124,622
$124.6K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$17.1K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$16.0K $11.78/SF
− OpEx
−$4.8K −$3.53/SF
NOI
$11.2K $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 Rate 5%
$224,320
Cap Rate 7%
$160,229
Cap Rate 9%
$124,622
Alternative Uses
Best Use
Multifamily LT 5
$160.2K
$140.2K – $186.9K
NOI $11,216 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$149.8K
$131.1K – $174.8K
NOI $10,485 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$345.2K
$302.1K – $402.7K
NOI $24,164 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one full bathroom, with a bedroom providing walk-through access to the bath.
Where is this duplex located?
The property is located at 1013 John Ave Scranton, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bath; A bedroom in each unit has walk‑through access to the bathroom; Built in 1930
