Two-Unit
For Sale
$229,000
1327 Vine Street, Scranton, PA 18510
MULTI_FAMILY - Other - Scranton, PA
Property Size1,650 SF
Lot Size0.08 Acres
Price / SF$138.79
Days on Market105
Property Features for 1327 Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
On Street
Basement
Apartment
Appliances
Free-Standing Refrigerator, Gas Range
Lot features
Back Yard, Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Up Mulberry, turn left on N. Irving, corner of Vine & N. Irving.
Standard status
Active
APN
15709050023
Size
1,650 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
90X40 Bldg & Land W-17 B-0380 L-0110 P-02100
Tax Annual Amount
4611
Legal Description
90X40 Bldg & Land W-17 B-0380 L-0110 P-02100
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas, Steam
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile, Wood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
The Patrick and Janine Mascia Team · License #RS336156
(570) 878-2209
Added: May 11
Changed: Aug 14
Last Checked: Aug 23 at 5:06PM
MLS# SC262172
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.
Located at 1327 Vine Street in Scranton, this two-unit duplex offers 1,650 SF of living space and was built in 1925. The property sits on a 0.08-acre lot and includes two extra lots. Utilities are served by public water and public sewer, and the roof is a shingle roof.
Inside, the home features vinyl, tile, and wood flooring. Heating includes natural gas with steam and radiant systems, and cooling is provided via window units and ceiling fans. Appliances listed include a free-standing refrigerator and gas range.
The current layout includes multiple bedrooms and bathrooms across the unit areas, with a basement included in the configuration. Parking is available via on-street parking, with the listing noting abundant parking for additional convenience.
Inside, the home features vinyl, tile, and wood flooring. Heating includes natural gas with steam and radiant systems, and cooling is provided via window units and ceiling fans. Appliances listed include a free-standing refrigerator and gas range.
The current layout includes multiple bedrooms and bathrooms across the unit areas, with a basement included in the configuration. Parking is available via on-street parking, with the listing noting abundant parking for additional convenience.
Key Highlights
- Two extra lots included
- 0.08‑acre lot
- 1,650 SF duplex
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
$13,607
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
5.94%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - R1 zoned two-unit duplex with public water and public sewer, plus on-street parking.
Where is this duplex located?
The property is located at 1327 Vine Street 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 extra lots included; 0.08‑acre lot; 1,650 SF duplex
