Duplex With Finished
For Sale
$270,000
1340 Bryn Mawr St, Scranton, PA 18504
Two leased apartments share laundry, basement storage, a garage, and an additional corner lot.
Property Size2,325 SF
Price / SF$116.13
Days on Market38
Property Features for 1340 Bryn Mawr St
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
front porch
landscaped yard
arbor
fencing
common coin laundry room
extra storage in basement
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Bluestone Realty Group, LLC
(570) 815-7610
Listed By:
Sarah C. Cremer
(570) 815-7610
Source:
Exprealty
Added: Jul 6
Changed: Aug 11
Last Checked: Aug 11 at 5:59AM
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 Bluestone Realty Group, LLC
Investment Insights
Based on property information with market context.
This 2,325-square-foot duplex includes two apartments with matching core layouts. Each unit has two bedrooms, a kitchen, living room, and bathroom; the upper apartment also includes a finished attic. The property offers a front porch, landscaped yard with an arbor, fencing, a one-car garage, and a parking pad.
A common basement provides coin-operated laundry and additional storage. The building uses gas steam heat through one shared heating zone. The landlord currently covers gas, water, sewer, and trash, with trash included in the property tax. Both apartments are under lease, the property is registered with the city as a rental, and inspections are up to date. An adjoining vacant corner lot conveys with the property.
A common basement provides coin-operated laundry and additional storage. The building uses gas steam heat through one shared heating zone. The landlord currently covers gas, water, sewer, and trash, with trash included in the property tax. Both apartments are under lease, the property is registered with the city as a rental, and inspections are up to date. An adjoining vacant corner lot conveys with the property.
Key Highlights
- 2,325‑square‑foot duplex with two leased apartments
- Each apartment includes 2 bedrooms, kitchen, living room, and bathroom
- Finished attic adds space to the second‑floor apartment
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
$19,174
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
7.10%
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%
$383,480
$383.5K
Cap Rate 7%
$273,914
$273.9K
Cap Rate 9%
$213,044
$213.0K
Market Conditions
NOI Build-Up for 2,325 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
$29.3K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.4K $11.78/SF
− OpEx
−$8.2K −$3.53/SF
NOI
$19.2K $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%
$383,480
Cap Rate 7%
$273,914
Cap Rate 9%
$213,044
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.7K – $319.6K
NOI $19,174 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.7K
NOI $17,924 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$590.1K
$516.4K – $688.5K
NOI $41,309 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
568
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
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 - Two leased apartments share laundry, basement storage, a garage, and an additional corner lot.
Where is this duplex located?
The property is located at 1340 Bryn Mawr St Scranton, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,325‑square‑foot duplex with two leased apartments; Each apartment includes 2 bedrooms, kitchen, living room, and bathroom; Finished attic adds space to the second‑floor apartment
