Triplex with Car Repair
For Sale
$299,900
1430 N Main Avenue, Scranton, PA 18508
COMMERCIAL - Other - Scranton, PA
Property Size1,626 SF
Lot Size0.44 Acres
Price / SF$184.44
Days on Market366
Property Features for 1430 N Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
N City Neigh Mi
Bedrooms
2
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Basement, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1
Parking
14
Fencing
Chain Link
Basement
Unfinished
Appliances
Range, Refrigerator
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Greenridge St, turn left onto N Main Ave. In .7 miles the property will be on your left
Standard status
Active
APN
13416030036
Size
1,626 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
50X128x50x133 Bldg & Land W-02 B-0300 L-0150 P-01600
Legal Description
50X128x50x133 Bldg & Land W-02 B-0300 L-0150 P-01600
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Natural Gas, Oil
Water source
Public
Amenities
car repair garage
bocce court
lower level garage
kitchen
bathroom
2 separate units
Building Details
Year built
1945
Floors in Building
2
Number of units
3
Flooring type
Concrete, Carpet, Tile
Building materials
Aluminum Siding, Stone, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Ann E Cappellini · License #AB045764A
(570) 575-2333
Added: Aug 12, 2025
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
MLS# SC254131
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 multi-use triplex includes two separate units and supporting kitchen and bathroom facilities. The property also features a car repair garage and a unique lower-level garage that includes a kitchen plus a bocce court, supporting a live-and-work configuration for an owner-occupant. Built in 1945, the home offers a mix of flooring including tile, concrete, and carpet, with heating available via oil, propane, and natural gas. Appliances listed include a range and refrigerator. Public water and public sewer serve the property, and chain-link fencing is in place.
Set at 1430 N Main Avenue in Scranton, the lot size is 0.442 acres, and the property size is listed at 1,626 square feet. The listing also notes a triple lot. Zoning is shown as N City Neigh Mi.
Additional interior items reflected in the listing include multiple bedrooms and four bathrooms, along with basement space.
Set at 1430 N Main Avenue in Scranton, the lot size is 0.442 acres, and the property size is listed at 1,626 square feet. The listing also notes a triple lot. Zoning is shown as N City Neigh Mi.
Additional interior items reflected in the listing include multiple bedrooms and four bathrooms, along with basement space.
Key Highlights
- Car repair garage plus lower‑level garage with kitchen and bocce court
- Two separate units with kitchen and bathroom facilities
- 0.442‑acre lot and 1,626 SF property size
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
$15,280
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
5.10%
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%
$305,600
$305.6K
Cap Rate 7%
$218,286
$218.3K
Cap Rate 9%
$169,778
$169.8K
Market Conditions
NOI Build-Up for 1,626 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
$24.4K $15.00/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$21.8K $13.43/SF
− OpEx
−$6.5K −$4.03/SF
NOI
$15.3K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /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%
$305,600
Cap Rate 7%
$218,286
Cap Rate 9%
$169,778
Alternative Uses
Best Use
Retail
$218.3K
$191.0K – $254.7K
NOI $15,280 @ 7.0% cap · market cap 5.10%
Second Best
Multifamily LT 5
$191.6K
$167.6K – $223.5K
NOI $13,409 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$412.7K
$361.1K – $481.5K
NOI $28,890 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
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 - Multi-use triplex with car repair garage, lower-level garage, kitchens and multiple bathrooms under N City Neigh Mi zoning.
Where is this triplex located?
The property is located at 1430 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Car repair garage plus lower‑level garage with kitchen and bocce court; Two separate units with kitchen and bathroom facilities; 0.442‑acre lot and 1,626 SF property size
