Two-Unit Duplex with Fenced
For Sale
$179,900
1019 Mark Ave, Scranton, PA 18510
Two-level duplex with separate utilities, laundry, a deck, and fenced backyard.
Property Size1,900 SF
Price / SF$94.68
Days on Market18
Property Features for 1019 Mark Ave
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
with some TLC
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry
deck
fenced backyard
Building Details
Year Built
1930
Stories
2
Listing Agency:
Christian Saunders Real Estate
(570) 614-3624
Listed By:
Robert Connors · License #RS342012
Source:
Revolvepa
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 8:27PM
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
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.
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 = 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
$15,669
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
8.71%
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%
$313,380
$313.4K
Cap Rate 7%
$223,843
$223.8K
Cap Rate 9%
$174,100
$174.1K
Market Conditions
NOI Build-Up for 1,900 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
$23.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.4K $11.78/SF
− OpEx
−$6.7K −$3.53/SF
NOI
$15.7K $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%
$313,380
Cap Rate 7%
$223,843
Cap Rate 9%
$174,100
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $179,900.
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
