Renovated
For Sale
$199,000
1028-1030 Snyder Avenue, Scranton, PA 18504
Each residence has its own gas, electric, and water meter.
Property Size1,980 SF
Days on Market11
Property Features for 1028-1030 Snyder Avenue
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
gas, electric, water
Taxes and HOA fees
Annual Taxes
$2,924
Building Details
Building Size
1,980 SF
Year Built
1940
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Source:
Luxehomesnepa
Added: Oct 23
Changed: Oct 31
Last Checked: Nov 1 at 1:41PM
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 EXP Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this duplex has two renovated residences, each with three bedrooms, a living room, a kitchen, and a full bathroom. Gas, electric, and water are separately metered for each unit.
The property is on Snyder Avenue in West Scranton, Pennsylvania.
The property is on Snyder Avenue in West Scranton, Pennsylvania.
Key Highlights
- Two renovated units, each with three bedrooms
- Separate gas, electric, and water meters for each unit
- Each residence includes a living room, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,328
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,560
$326.6K
Cap Rate 7%
$233,257
$233.3K
Cap Rate 9%
$181,422
$181.4K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$24.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.3K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.3K $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 Rate 5%
$326,560
Cap Rate 7%
$233,257
Cap Rate 9%
$181,422
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$502.6K
$439.7K – $586.3K
NOI $35,179 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own gas, electric, and water meter.
Where is this duplex located?
The property is located at 1028-1030 Snyder Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two renovated units, each with three bedrooms; Separate gas, electric, and water meters for each unit; Each residence includes a living room, kitchen, and full bathroom
