Two-Unit Duplex with Alley
For Sale
$297,000
1209 Stafford Ave, Scranton, PA 18505
Two residential units offer separate heating, electrical, and hot water systems, plus off-street parking and outdoor space.
Property Size2,472 SF
Lot Size0.14 Acres
Price / SF$120.15
Days on Market12
Property Features for 1209 Stafford Ave
General Information
Standard status
Active
Size
2,472 SF
Lot size
0.14 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,316
Building Details
Buildings
1
Listing Agency:
C21 Jack Ruddy Real Estate
(570) 947-5565
Listed By:
DEBORAH T KOHUT · License #RS203925L
(570) 947-5565
Source:
Exprealty
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 9 at 12:16PM
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 C21 Jack Ruddy Real Estate
Investment Insights
Based on property information with market context.
This duplex at 1209 Stafford Ave includes two residential units and 2,472 SF of total property size. The first-floor residence has two bedrooms, 1.5 baths, living and dining rooms, a kitchen, main-level laundry, and additional finished walk-out lower-level space with a family room and half bath. The second-floor apartment offers two bedrooms, a living room, eat-in kitchen, one bath, and stackable washer/dryer hookups.
Each unit is served by its own gas hot-air system, electrical service, and hot water, while the property has one water line. The home sits on one of 2 80x75 lots and includes off-street parking with rear alley access. The roof and heating system are approximately 18 years old. The first-floor unit was family occupied, and the upper unit has a long-term tenant.
Each unit is served by its own gas hot-air system, electrical service, and hot water, while the property has one water line. The home sits on one of 2 80x75 lots and includes off-street parking with rear alley access. The roof and heating system are approximately 18 years old. The first-floor unit was family occupied, and the upper unit has a long-term tenant.
Key Highlights
- Two‑unit duplex with 2,472 SF of total property size
- Two bedrooms in each residential unit
- First‑floor unit includes finished walk‑out lower‑level space
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
$20,386
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
6.86%
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%
$407,720
$407.7K
Cap Rate 7%
$291,229
$291.2K
Cap Rate 9%
$226,511
$226.5K
Market Conditions
NOI Build-Up for 2,472 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
$31.1K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.1K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.4K $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%
$407,720
Cap Rate 7%
$291,229
Cap Rate 9%
$226,511
Alternative Uses
Best Use
Multifamily LT 5
$291.2K
$254.8K – $339.8K
NOI $20,386 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,057 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$627.4K
$549.0K – $732.0K
NOI $43,921 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
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 - Two residential units offer separate heating, electrical, and hot water systems, plus off-street parking and outdoor space.
Where is this duplex located?
The property is located at 1209 Stafford Ave Scranton, PA.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,472 SF of total property size; Two bedrooms in each residential unit; First‑floor unit includes finished walk‑out lower‑level space
