Two-Unit Duplex with Separate
For Sale
$200,000
1431 Sanderson Ave, Scranton, PA 18509
Each apartment includes two bedrooms and one bathroom with independent utility service.
Property Size2,014 SF
Price / SF$99.30
Days on Market75
Property Features for 1431 Sanderson Ave
General Information
Standard status
Active
Size
2,014 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
could use some cosmetic updates
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private driveway
spacious yard
storage area
Building Details
Year Built
1940
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Source:
Revolvepa
Added: Aug 2
Changed: Sep 15
Last Checked: Oct 12 at 11:15PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This two-unit residential property contains an upper and lower apartment, with each residence offering two bedrooms and one bathroom. Separate utilities serve the apartments. Built in 1940, the property needs cosmetic updating and provides a basis for future improvements without changing the existing two-apartment configuration.
The property includes a private driveway, a spacious yard, and rear storage space for tools and equipment. Located in Scranton’s Green Ridge section, the duplex offers an established residential setting with practical exterior features for occupants or property management. The address is 1431 Sanderson Avenue, Scranton, PA 18509.
The property includes a private driveway, a spacious yard, and rear storage space for tools and equipment. Located in Scranton’s Green Ridge section, the duplex offers an established residential setting with practical exterior features for occupants or property management. The address is 1431 Sanderson Avenue, Scranton, PA 18509.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Separate utilities for the two units
- Up‑and‑down duplex configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,609
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,180
$332.2K
Cap Rate 7%
$237,271
$237.3K
Cap Rate 9%
$184,544
$184.5K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$25.4K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.7K $11.78/SF
− OpEx
−$7.1K −$3.53/SF
NOI
$16.6K $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%
$332,180
Cap Rate 7%
$237,271
Cap Rate 9%
$184,544
Alternative Uses
Best Use
Multifamily LT 5
$237.3K
$207.6K – $276.8K
NOI $16,609 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$221.8K
$194.1K – $258.8K
NOI $15,527 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each apartment includes two bedrooms and one bathroom with independent utility service.
Where is this duplex located?
The property is located at 1431 Sanderson Ave Scranton, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Separate utilities for the two units; Up‑and‑down duplex configuration
