Duplex with Private Driveway and
For Sale
$200,000
1431 Sanderson Avenue, Scranton, PA 18509
MULTI_FAMILY - Other - Scranton, PA
Property Size2,014 SF
Lot Size0.17 Acres
Price / SF$99.30
Days on Market26
Property Features for 1431 Sanderson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4
Parking
3
Parking features
Carport, Driveway
Exterior features
Rain Gutters
Fencing
Chain Link
Appliances
Dishwasher, Refrigerator, Gas Range
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Heading east on Green Ridge street, Turn Right heading south on Sanderson Ave. The property is near the intersection of New York Street. Property is before New York St. (IF you passed New York Street, you passed the property)
Standard status
Active
APN
13517030011
Size
2,014 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50X150 Sandersons Add Green Ridge L 8 B 20 W-13 B-045 L-009 P-011
Tax Annual Amount
3474
Legal Description
50X150 Sandersons Add Green Ridge L 8 B 20 W-13 B-045 L-009 P-011
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 14 at 2:06PM
MLS# SC263549
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 up-and-down duplex offers two 2-bedroom, 1-bath apartments, each with separate utilities. Built in 1940, the property includes a stucco exterior and shingle roof, and is heated with natural gas. The unit amenities include a gas range, dishwasher, and refrigerator, with water from the public system and sewer to public sewer. Rain gutters are also in place.
Located at 1431 Sanderson Avenue in Scranton’s Green Ridge section (Lackawanna County), the duplex sits on a 0.17-acre lot and totals 2,014 square feet. Outside features include a private driveway, a spacious yard, and a rear storage area for tools and equipment. Parking is supported by a carport and driveway, and the property has chain-link fencing.
The home could benefit from some cosmetic updates, and presents an opportunity to customize finishes over time while maintaining a functional two-unit layout.
Located at 1431 Sanderson Avenue in Scranton’s Green Ridge section (Lackawanna County), the duplex sits on a 0.17-acre lot and totals 2,014 square feet. Outside features include a private driveway, a spacious yard, and a rear storage area for tools and equipment. Parking is supported by a carport and driveway, and the property has chain-link fencing.
The home could benefit from some cosmetic updates, and presents an opportunity to customize finishes over time while maintaining a functional two-unit layout.
Key Highlights
- Two 2‑bedroom, 1‑bath units with separate utilities in an up‑and‑down duplex
- 0.17‑acre lot with 2,014 SF total area
- Built in 1940 with stucco exterior and shingle roof
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
$16,609
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
8.30%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
728
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
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 2-bedroom, 1-bath apartments with separate utilities, plus a private driveway, yard, and rear storage area.
Where is this duplex located?
The property is located at 1431 Sanderson Avenue 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 2‑bedroom, 1‑bath units with separate utilities in an up‑and‑down duplex; 0.17‑acre lot with 2,014 SF total area; Built in 1940 with stucco exterior and shingle roof
