Two-Unit Duplex with In-Ground
For Sale
$289,900
1344 Dorothy Street, Scranton, PA 18504
A corner-lot property offers two separate residences, a fenced yard, and a one-car garage.
Property Size3,343 SF
Days on Market11
Property Features for 1344 Dorothy Street
General Information
Standard status
Active
Size
3,343 SF
Total Parking Spaces
1
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,178
Amenities
in-ground pool
fenced-in yard
Building Details
Building Size
3,343 SF
Year Built
1930
Listing Agency:
ERA One Source Realty
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Source:
Luxehomesnepa
Added: Oct 26
Changed: Nov 5
Last Checked: Nov 4 at 7:41PM
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 ERA One Source Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two units with distinct layouts. The first residence has a kitchen, dining room, living room, first-floor laundry, a main-level bedroom and full bathroom, plus two upstairs bedrooms and another full bathroom. Hardwood floors are present throughout the home. The second-floor unit has two bedrooms, a bathroom, a large kitchen, and a living room; its flooring is new and the space has been freshly painted.
The property occupies a corner lot on Dorothy Street in Scranton’s Tripp’s Park neighborhood. Outdoor features include a fenced yard and an in-ground pool, while a one-car garage provides additional storage and parking.
The property occupies a corner lot on Dorothy Street in Scranton’s Tripp’s Park neighborhood. Outdoor features include a fenced yard and an in-ground pool, while a one-car garage provides additional storage and parking.
Key Highlights
- Two‑unit duplex on a corner lot
- First unit includes three bedrooms, two full bathrooms, and first‑floor laundry
- Second‑floor unit has two bedrooms, a bathroom, a large kitchen, and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,772
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,440
$515.4K
Cap Rate 7%
$368,171
$368.2K
Cap Rate 9%
$286,356
$286.4K
Market Conditions
NOI Build-Up for 3,343 SF
Gross rent
$49.7K $14.88/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$46.9K $14.02/SF
− OpEx
−$21.1K −$6.31/SF
NOI
$25.8K $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 Rate 5%
$515,440
Cap Rate 7%
$368,171
Cap Rate 9%
$286,356
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.5K
NOI $27,569 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$368.2K
$322.2K – $429.5K
NOI $25,772 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$848.5K
$742.5K – $989.9K
NOI $59,396 @ 7.0% cap · market cap 20.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A corner-lot property offers two separate residences, a fenced yard, and a one-car garage.
Where is this duplex located?
The property is located at 1344 Dorothy Street Scranton, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex on a corner lot; First unit includes three bedrooms, two full bathrooms, and first‑floor laundry; Second‑floor unit has two bedrooms, a bathroom, a large kitchen, and a living room
