Three-Unit Residential
For Sale
$279,900
1213 Acker Street, Scranton, PA 18504
Multi-Family, Scranton, PA
Property Size3,160 SF
Lot Size0.14 Acres
Price / SF$88.58
Days on Market11
Property Features for 1213 Acker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Basement
Parking features
On Street
Exterior features
Vinyl
Basement
Full, Partially Finished
Subdivision
West Side
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
I-81 to Davis St exit, take Davis down & thru light on Birney Ave, across the bridge over to light on Main St Taylor, turn rt and go 1.5 miles, passing Walmart plaza, rt on Landis, rt on Acker,on left
Standard status
Active
APN
15613080071
Size
3,160 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1585
Utilities
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Classic Properties Kingston
(570) 718-4959
Listed By:
Steve Shemo · License #RS202798L
(570) 793-9449
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 20 at 4:06PM
MLS# 26-2395
Copyright © 2026 Luzerne County Association of REALTORS®. 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 3,160-square-foot triplex contains three residential units configured with three-bedroom, two-bedroom, and one-bedroom layouts. Each unit includes a kitchen and bathroom described as modern, while separate electric service supports individual utility metering. The property also includes a basement, vinyl exterior, shingle roof, and baseboard and hot-water heating. Public water serves the building, with on-street parking available.
The property occupies 0.1432 acres at 1213 Acker Street in Scranton, Pennsylvania, within a residential zoning designation. The unit mix and existing building systems provide a defined multifamily configuration for a residential income property.
The property occupies 0.1432 acres at 1213 Acker Street in Scranton, Pennsylvania, within a residential zoning designation. The unit mix and existing building systems provide a defined multifamily configuration for a residential income property.
Key Highlights
- Three‑unit configuration with 3BR, 2BR, and 1BR apartments
- 3,160 square feet on a 0.1432‑acre lot
- Separate electric service for the units
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
$24,361
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
8.70%
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%
$487,220
$487.2K
Cap Rate 7%
$348,014
$348.0K
Cap Rate 9%
$270,678
$270.7K
Market Conditions
NOI Build-Up for 3,160 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
$47.0K $14.88/SF
− Vacancy
−$2.7K −$0.86/SF
EGI
$44.3K $14.02/SF
− OpEx
−$19.9K −$6.31/SF
NOI
$24.4K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$487,220
Cap Rate 7%
$348,014
Cap Rate 9%
$270,678
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.3K
NOI $26,060 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$802.1K
$701.8K – $935.8K
NOI $56,145 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
561
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Residential triplex with separate electric service, modern kitchens and baths, and a three-bedroom, two-bedroom, and one-bedroom unit mix.
Where is this triplex located?
The property is located at 1213 Acker Street Scranton, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Three‑unit configuration with 3BR, 2BR, and 1BR apartments; 3,160 square feet on a 0.1432‑acre lot; Separate electric service for the units
