Duplex With Finished
For Sale
$270,000
1340 Bryn Mawr Street, Scranton, PA 18504
Two leased apartments share laundry, basement storage, a garage, and an additional corner lot.
Property Size2,325 SF
Days on Market115
Property Features for 1340 Bryn Mawr Street
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Multi Family
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
Building Size
2,325 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Bluestone Realty Group, LLC
Listed By:
Sarah C. Cremer · License #RM423540
(570) 815-7610
Source:
Luxehomesnepa
Added: Jul 6
Changed: Oct 25
Last Checked: Oct 27 at 1:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$19,174
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
484
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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 Street 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
