Two-Unit Duplex with Alley
For Sale
$297,000
Pending
1209 Stafford Avenue, 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
Days on Market96
Property Features for 1209 Stafford Avenue
General Information
Standard status
Pending
Size
2,472 SF
Lot size
0.14 Acres
Property subtype
Duplex
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
Building Size
2,472 SF
Year Built
1913
Buildings
1
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
DEBORAH T KOHUT · License #RS203925L
(570) 947-5565
Source:
Luxehomesnepa
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 1 at 3:14PM
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
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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 / Yr
$20,386
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 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 SF of total property size; Two bedrooms in each residential unit; First‑floor unit includes finished walk‑out lower‑level space
