Two-Unit Duplex with Yard
For Sale
$297,000
1209 Stafford Avenue, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,472 SF
Lot Size0.27 Acres
Price / SF$120.15
Days on Market49
Property Features for 1209 Stafford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Parking
4
Parking features
On Street, Driveway
Patio and Porch features
Patio, Deck, Porch
Interior features
Eat-in Kitchen
Basement
Partially Finished, Walk-Out Access, Walk-Up Access, Storage Space, Full
Appliances
Dishwasher, Refrigerator, Microwave, Exhaust Fan, Electric Oven
Lot features
Back Yard, Views, Level, Open Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Moosic Street turn onto Stafford Avenue, House is situated on the last block on the left.
Standard status
Active
APN
16712040015
Size
2,472 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3317
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Flooring type
Carpet, Wood, Vinyl, Linoleum
Building materials
Frame, Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
DEBORAH T KOHUT · License #RS203925L
(570) 947-5565
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 16 at 6:06AM
MLS# SC263741
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.
This 2,472-square-foot duplex contains two residential units within a frame and stucco building constructed in 1913. The first-floor residence offers two bedrooms, one and a half baths, living and dining rooms, a kitchen, main-level laundry, and a walk-out lower level with a family room and half bath. The second-floor unit includes two bedrooms, a living room, an eat-in kitchen, one bath, and a stackable washer and dryer hookup. Additional basement space supports utilities and storage needs.
The property occupies one of two 80-by-75-foot lots, totaling 0.27 acres, with substantial yard area, a deck, patio, porch, driveway, and on-street parking. Rear alley access adds another point of entry. Each unit has its own natural-gas forced-air heating system, with separate electrical, heat, and hot-water service; the property has one water line. Public water and public sewer serve the building, which has a composition shingle roof.
The property occupies one of two 80-by-75-foot lots, totaling 0.27 acres, with substantial yard area, a deck, patio, porch, driveway, and on-street parking. Rear alley access adds another point of entry. Each unit has its own natural-gas forced-air heating system, with separate electrical, heat, and hot-water service; the property has one water line. Public water and public sewer serve the building, which has a composition shingle roof.
Key Highlights
- Two‑unit duplex with 2,472 square feet of building area
- 0.27‑acre property comprising one of two 80‑by‑75‑foot lots
- First‑floor unit includes 2 bedrooms, 1.5 baths, laundry, and walk‑out lower‑level living 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
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - R2-zoned duplex with separate heating and electrical systems, off-street parking, and additional lower-level living area.
Where is this duplex located?
The property is located at 1209 Stafford Avenue 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 square feet of building area; 0.27‑acre property comprising one of two 80‑by‑75‑foot lots; First‑floor unit includes 2 bedrooms, 1.5 baths, laundry, and walk‑out lower‑level living space
