Two-Story Triplex with
For Sale
$329,000
1427-1431 Washburn Street, Scranton, PA 18504
Three residential units feature separate utilities, spacious kitchens, porches, and access to a shared rear yard.
Property Size3,200 SF
Days on Market69
Property Features for 1427-1431 Washburn Street
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,224
Amenities
front porches
shared rear yard
Building Details
Building Size
3,200 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
LUXE Homes Real Estate LLC
Listed By:
Que V Tran · License #RB069624
Source:
Luxehomesnepa
Added: May 29
Changed: Aug 3
Last Checked: Aug 5 at 4:53AM
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 LUXE Homes Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1930, this triplex contains three side-by-side residential units, each arranged across two floors. The property includes separate utility service, sizable kitchens, generous living areas, and front porches. Updates have been completed throughout the building, and one unit is currently vacant.
An additional two-car garage is rented separately, providing another income-producing component. Residents also have access to a shared rear yard. The property is located at 1427-1431 Washburn Street in Scranton, Pennsylvania, within the West Scranton area.
An additional two-car garage is rented separately, providing another income-producing component. Residents also have access to a shared rear yard. The property is located at 1427-1431 Washburn Street in Scranton, Pennsylvania, within the West Scranton area.
Key Highlights
- Three side‑by‑side residential units, each extending across two floors
- Separate utilities for the residential units
- Two‑car garage rented separately for additional income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $12.60 |
| − Vacancy | −$2.6k | −$0.82 |
| EGI | $37.7k | $11.78 |
| − OpEx | −$11.3k | −$3.53 |
| NOI | $26.4k | $8.25 |
3,200 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$352.4K
$308.4K – $411.2K
NOI $24,670 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$812.2K
$710.7K – $947.6K
NOI $56,855 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
868
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, spacious kitchens, porches, and access to a shared rear yard.
Where is this triplex located?
The property is located at 1427-1431 Washburn Street Scranton, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three side‑by‑side residential units, each extending across two floors; Separate utilities for the residential units; Two‑car garage rented separately for additional income
