Two-Unit
New
For Sale
$175,000
1013 John Avenue, Scranton, PA 18510
Residential Income, Scranton, PA
Property Size1,360 SF
Lot Size0.13 Acres
Price / SF$128.68
Days on Market5
Property Features for 1013 John Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bathroom 2
Basement
Unfinished
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
FROM DUNMORE TURN LEFT AT THE CORNER OF ASH AND WHEELER, SECOND LEFT ON JOHN.
Standard status
Active
APN
15707010016
Size
1,360 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
37X150 W-10 B-040 L-0112 P-017
Tax Annual Amount
3585
Legal Description
37X150 W-10 B-040 L-0112 P-017
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Brigitte Baum · License #RS361730
(570) 290-9008
Added: Sep 28
Last Checked: Oct 2 at 3:06PM
MLS# SC264834
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 duplex contains two residences, each with two bedrooms and one full bathroom. One bedroom has walk-through access to the bathroom. The building measures 1,360 square feet and sits on a 0.13-acre lot; it was built in 1930.
The property is at 1013 John Avenue in Scranton and is zoned R-1.
The property is at 1013 John Avenue in Scranton and is zoned R-1.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- One bedroom provides walk‑through access to the bathroom
- 1,360 square feet of building area
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
$11,216
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
6.41%
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%
$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
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
$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 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%
$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
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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 includes two bedrooms and one full bath.
Where is this duplex located?
The property is located at 1013 John Avenue 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 residences, each with 2 bedrooms and 1 full bath; One bedroom provides walk‑through access to the bathroom; 1,360 square feet of building area
