Two-Unit Duplex with Private
For Sale
$319,800
1417 1419 Gardner Avenue, Scranton, PA 18509
Separate utilities and a fenced yard support independent use of the two residences.
Property Size2,520 SF
Days on Market22
Property Features for 1417 1419 Gardner Avenue
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,509
Amenities
covered front porch
private entrances
vinyl-fenced yard
Building Details
Building Size
2,520 SF
Year Built
1945
Listing Agency:
Iron Valley Real Estate Greater Scranton
Listed By:
Jasmine Ahuja · License #AB069622
(570) 209-8379
Source:
Luxehomesnepa
Added: Oct 15
Changed: Nov 5
Last Checked: Nov 4 at 7:47PM
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 Iron Valley Real Estate Greater Scranton
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Investment Insights
Based on property information with market context.
This 1945 duplex contains two side-by-side residences, each with a private entrance. One unit has been renovated with a contemporary kitchen featuring stainless steel appliances, a center island, and quartz-style counters, along with updated bathrooms, luxury vinyl plank flooring, and recessed lighting. The other residence is described as well maintained. Each unit has its own boiler and water heater, and the property also includes a covered front porch and vinyl-fenced yard.
Located on Gardner Avenue in Scranton’s Green Ridge neighborhood, the property is near shopping, dining, parks, and major highways. Its separate entrances and utility arrangements allow the residences to function independently.
Located on Gardner Avenue in Scranton’s Green Ridge neighborhood, the property is near shopping, dining, parks, and major highways. Its separate entrances and utility arrangements allow the residences to function independently.
Key Highlights
- Two side‑by‑side residences, each with a private entrance
- Renovated unit includes stainless steel appliances, center island, and quartz‑style countertops
- Updated bathrooms, luxury vinyl plank flooring, and recessed lighting in renovated unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,782
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,640
$415.6K
Cap Rate 7%
$296,886
$296.9K
Cap Rate 9%
$230,911
$230.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$31.8K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$29.7K $11.78/SF
− OpEx
−$8.9K −$3.53/SF
NOI
$20.8K $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%
$415,640
Cap Rate 7%
$296,886
Cap Rate 9%
$230,911
Alternative Uses
Best Use
Multifamily LT 5
$296.9K
$259.8K – $346.4K
NOI $20,782 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$277.5K
$242.9K – $323.8K
NOI $19,428 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$639.6K
$559.7K – $746.2K
NOI $44,774 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
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 - Separate utilities and a fenced yard support independent use of the two residences.
Where is this duplex located?
The property is located at 1417 1419 Gardner Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $319,800.
What are key features of this property?
This property features: Two side‑by‑side residences, each with a private entrance; Renovated unit includes stainless steel appliances, center island, and quartz‑style countertops; Updated bathrooms, luxury vinyl plank flooring, and recessed lighting in renovated unit
