Duplex With Matching Two-Bed
For Sale
$220,000
1024 Maple Street, Scranton, PA 18505
Duplex with a move-in-ready downstairs unit and an upstairs level framed to the same two-bed, one-bath layout.
Property Size1,725 SF
Days on Market18
Property Features for 1024 Maple Street
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Multi Family
Building Details
Building Size
1,725 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 815-3391
Listed By:
Samantha E. Jankowski
Source:
Luxehomesnepa
Added: Jul 19
Changed: Jul 31
Last Checked: Aug 5 at 5:11AM
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 NASSER REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This duplex includes two apartments with a matching two-bed, one-bath layout. The downstairs unit is described as move-in ready and needing only a few cosmetic updates. The upstairs level has been taken down to the studs and is framed to replicate the same 2 bed 1 bathroom configuration.
Built in 1940, the property offers a clear split between an immediately livable unit and a ready-to-complete second unit. That configuration can appeal to buyers seeking one unit that can be occupied sooner while the other unit is brought to completion.
The downstairs arrangement and the planned upstairs framing are aligned to the same functional layout, which may streamline design consistency and interior planning across both levels.
Built in 1940, the property offers a clear split between an immediately livable unit and a ready-to-complete second unit. That configuration can appeal to buyers seeking one unit that can be occupied sooner while the other unit is brought to completion.
The downstairs arrangement and the planned upstairs framing are aligned to the same functional layout, which may streamline design consistency and interior planning across both levels.
Key Highlights
- Duplex with matching two‑bed, one‑bath layout on both floors
- Downstairs apartment is move‑in ready, needing only cosmetic updates
- Upstairs is down to the studs and framed for the same 2 bed 1 bathroom layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $12.60 |
| − Vacancy | −$1.4k | −$0.82 |
| EGI | $20.3k | $11.78 |
| − OpEx | −$6.1k | −$3.53 |
| NOI | $14.2k | $8.25 |
1,725 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$190.0K
$166.2K – $221.7K
NOI $13,299 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$437.8K
$383.1K – $510.8K
NOI $30,649 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a move-in-ready downstairs unit and an upstairs level framed to the same two-bed, one-bath layout.
Where is this duplex located?
The property is located at 1024 Maple Street Scranton, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with matching two‑bed, one‑bath layout on both floors; Downstairs apartment is move‑in ready, needing only cosmetic updates; Upstairs is down to the studs and framed for the same 2 bed 1 bathroom layout
