Building Details

Year Built 1930

Stories 2

Listing Agency: Christian Saunders Real Estate

Listed By: Robert Connors · License #RS342012 Show Phone

Source: Revolvepa

Added: Aug 14 Changed: Oct 16 Last Checked: Oct 5 at 8:57PM

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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 Christian Saunders Real Estate

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Investment Insights

Based on property information with market context.

This 1,900-square-foot duplex, built in 1930, is arranged across two floors. The first-floor apartment has two bedrooms, one bathroom, a living room, and laundry equipment that includes a washer and dryer. The upper unit also includes two bedrooms and one bathroom, with a walk-through bedroom configuration and work remaining for improvements.

Separate gas, water, and electric utilities serve the property. Exterior features include a deck and a large, level fenced backyard. The property is located at 1019 Mark Ave in Scranton, Pennsylvania, with a 18510 ZIP code.

Key Highlights

• Two 2‑bedroom, 1‑bath units arranged on separate floors
• 1,900 square feet; built in 1930
• Separate gas, water, and electric utilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,648

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$292,960 $293.0K

Cap Rate 7%

$209,257 $209.3K

Cap Rate 9%

$162,756 $162.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,900 SF

Gross rent

$28.3K $14.88/SF

− Vacancy

−$1.6K −$0.86/SF

EGI

$26.6K $14.02/SF

− OpEx

−$12.0K −$6.31/SF

NOI

$14.6K $7.71/SF

Area

Lackawanna County, PA

Vacancy

5.80%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$292,960

Cap Rate 7%

$209,257

Cap Rate 9%

$162,756

Alternative Uses

Best Use

Multifamily LT 5

$223.8K

$195.9K – $261.2K (±1% cap)

NOI $15,669 @ 7.0% cap · market cap 9.22%

Second Best

Apartment 5plus

$209.3K

$183.1K – $244.1K (±1% cap)

NOI $14,648 @ 7.0% cap · market cap 8.62%

Theoretical Best

Office A

$482.3K

$422.0K – $562.6K (±1% cap)

NOI $33,758 @ 7.0% cap · market cap 19.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Grocery & Convenience Store HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

321

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-level duplex with separate utilities, laundry, a deck, and fenced backyard.

Where is this duplex located?

The property is located at 1019 Mark Ave Scranton, PA.

What is the asking price?

The asking price for this property is $169,900.

What are key features of this property?

This property features: Two 2‑bedroom, 1‑bath units arranged on separate floors; 1,900 square feet; built in 1930; Separate gas, water, and electric utilities