Updated Two-Unit
For Sale
$229,000
1327 Vine St, Scranton, PA 18510
Updated duplex with two additional lots, ample parking, and proximity to the University of Scranton.
Property Size1,650 SF
Price / SF$138.79
Days on Market60
Property Features for 1327 Vine St
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Keller Williams Real Estate-Clarks Summit
Listed By:
The Patrick and Janine Mascia Team · License #RS348943
(570) 588-8030
Source:
Revolvepa
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 5 at 8:24PM
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 Keller Williams Real Estate-Clarks Summit
Investment Insights
Based on property information with market context.
This updated duplex contains two residential units and includes two additional lots. The property also provides abundant parking, adding practical convenience for occupants and visitors.
Built in 1925, the property is located at 1327 Vine St in Scranton, near the University of Scranton and the city’s surrounding amenities. It can be used as an income property or occupied in one unit while the other generates rental income.
Built in 1925, the property is located at 1327 Vine St in Scranton, near the University of Scranton and the city’s surrounding amenities. It can be used as an income property or occupied in one unit while the other generates rental income.
Key Highlights
- Two‑unit duplex
- Updated property with two additional lots
- Abundant parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,607
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,140
$272.1K
Cap Rate 7%
$194,386
$194.4K
Cap Rate 9%
$151,189
$151.2K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$20.8K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$19.4K $11.78/SF
− OpEx
−$5.8K −$3.53/SF
NOI
$13.6K $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%
$272,140
Cap Rate 7%
$194,386
Cap Rate 9%
$151,189
Alternative Uses
Best Use
Multifamily LT 5
$194.4K
$170.1K – $226.8K
NOI $13,607 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,720 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$418.8K
$366.5K – $488.6K
NOI $29,316 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
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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?
Duplex - Updated duplex with two additional lots, ample parking, and proximity to the University of Scranton.
Where is this duplex located?
The property is located at 1327 Vine St Scranton, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑unit duplex; Updated property with two additional lots; Abundant parking
