Duplex with Separate
For Sale
$179,900
1019 Mark Avenue, Scranton, PA 18510
MULTI_FAMILY - Other - Scranton, PA
Property Size1,900 SF
Lot Size0.13 Acres
Price / SF$94.68
Days on Market56
Property Features for 1019 Mark Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Basement
Parking features
On Street
Patio and Porch features
Deck, Porch
Interior features
Ceiling Fan(s)
Exterior features
Rain Gutters
Basement
Unfinished
Appliances
Dryer, Washer, Oven
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Take Ash St, Turn left onto Mark Ave -- 1st house on left.
Standard status
Active
APN
15707040037
Size
1,900 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
*Taxes on MLS are based Scr. millage rates; Assessment -in documents 40X150x45x150 Bldg & Land W-10 B-0560 L-0130 P-0100
Tax Annual Amount
3694
Legal Description
*Taxes on MLS are based Scr. millage rates; Assessment -in documents 40X150x45x150 Bldg & Land W-10 B-0560 L-0130 P-0100
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
laundry
deck
fenced backyard
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile, Carpet
Building materials
Aluminum Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Robert Connors · License #RS342012
(570) 614-3624
Added: Jun 18
Changed: Aug 11
Last Checked: Aug 12 at 6:06PM
MLS# SC262942
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.
Duplex at 1019 Mark Avenue in Scranton, PA 18510 built in 1930, featuring two separate living spaces. The first floor offers a 2-bedroom, 1-bath layout with a laundry area (washer and dryer included) and a sizable living room. The second floor includes a 2-bedroom, 1-bath arrangement with a walk-through bedroom, with room for TLC.
Utilities are set up separately with gas, water, and electric provided for the units. The home includes natural gas heating and ceiling fans, along with public water and public sewer. Flooring options include tile, carpet, and hardwood, and the exterior features aluminum siding with rain gutters. Additional outdoor features include a deck, porch, and a large flat fenced-in backyard.
The property is served by on-street parking and has a shingle roof.
Utilities are set up separately with gas, water, and electric provided for the units. The home includes natural gas heating and ceiling fans, along with public water and public sewer. Flooring options include tile, carpet, and hardwood, and the exterior features aluminum siding with rain gutters. Additional outdoor features include a deck, porch, and a large flat fenced-in backyard.
The property is served by on-street parking and has a shingle roof.
Key Highlights
- Duplex with separate gas, water, and electric for each unit
- First‑floor 2 bed, 1 bath with laundry; washer and dryer included
- Second‑floor 2 bed, 1 bath with a walk‑through bedroom; TLC needed
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
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 - Duplex in Scranton with separate gas, water, and electric services plus a deck and large fenced backyard.
Where is this duplex located?
The property is located at 1019 Mark Avenue 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: Duplex with separate gas, water, and electric for each unit; First‑floor 2 bed, 1 bath with laundry; washer and dryer included; Second‑floor 2 bed, 1 bath with a walk‑through bedroom; TLC needed
