Updated Duplex with
New
For Sale
$259,000
1413 Bulwer Street, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size1,437 SF
Lot Size0.25 Acres
Price / SF$180.24
Days on Market3
Property Features for 1413 Bulwer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Parking
2
Appliances
Refrigerator
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
N Main Ave to Euclid St, take a left onto Bulwer St, the property will be on the left.
Standard status
Active
APN
13419020047
Size
1,437 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X112 Bldg & Land W-21 B-0810 L-0170 P-01500
Tax Annual Amount
3209
Legal Description
40X112 Bldg & Land W-21 B-0810 L-0170 P-01500
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Matteo Adragna
(570) 507-0771
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 16 at 7:06PM
MLS# SC264605
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.
This two-apartment duplex contains 1,437 square feet and was built in 1930. The property includes five bedrooms, two bathrooms, a refrigerator, and a detached garage. Recent improvements include a new roof on the main house and garage, along with a new electric panel. Both apartments have tenants in place, providing current rental occupancy.
The property occupies 0.25 acres in Scranton’s West Scranton area, near Tripp’s Park, with a 18504 ZIP code. Residential zoning supports the property’s existing residential configuration. The garage provides an additional improvement area within the overall site.
The property occupies 0.25 acres in Scranton’s West Scranton area, near Tripp’s Park, with a 18504 ZIP code. Residential zoning supports the property’s existing residential configuration. The garage provides an additional improvement area within the overall site.
Key Highlights
- Two‑apartment duplex with 1,437 square feet
- New roof on the main house and garage
- New electric panel
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
$11,851
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
4.58%
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%
$237,020
$237.0K
Cap Rate 7%
$169,300
$169.3K
Cap Rate 9%
$131,678
$131.7K
Market Conditions
NOI Build-Up for 1,437 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
$18.1K $12.60/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$16.9K $11.78/SF
− OpEx
−$5.1K −$3.53/SF
NOI
$11.9K $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%
$237,020
Cap Rate 7%
$169,300
Cap Rate 9%
$131,678
Alternative Uses
Best Use
Multifamily LT 5
$169.3K
$148.1K – $197.5K
NOI $11,851 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$158.3K
$138.5K – $184.6K
NOI $11,078 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$364.7K
$319.2K – $425.5K
NOI $25,532 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
346
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-apartment residential property with recent roof and electrical improvements, occupied apartments, and residential zoning.
Where is this duplex located?
The property is located at 1413 Bulwer Street Scranton, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑apartment duplex with 1,437 square feet; New roof on the main house and garage; New electric panel
