Two-Unit Duplex with Outdoor
For Sale
$289,000
Pending
1711 Electric St, Scranton, PA 18509
Two residential units offer matching bedroom and bath counts, functional living areas, and additional exterior space.
Property Size2,393 SF
Days on Market9
Property Features for 1711 Electric St
General Information
Standard status
Pending
Size
2,393 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,595
Amenities
porch
covered patio
balcony
basement
Listing Agency:
EXP Realty LLC
(570) 561-7189
Listed By:
Christine Ives Polizzi · License #RS360064
(570) 561-7189
Source:
Exprealty
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 23 at 3:18AM
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 2,393-square-foot duplex contains two residential units with a consistent layout in each. Both units include 2 bedrooms, 1 full bathroom, a living room, dining room, and kitchen, creating clearly defined day-to-day living areas. A basement provides additional storage, while the property also includes a porch, covered patio, and balcony.
Located at 1711 Electric Street, the property is identified in the source information as being in Dunmore, Pennsylvania, with access to local amenities and major roadways. The two-unit configuration supports separate residential occupancy within a single building, with outdoor areas and basement space adding to the overall property layout.
Located at 1711 Electric Street, the property is identified in the source information as being in Dunmore, Pennsylvania, with access to local amenities and major roadways. The two-unit configuration supports separate residential occupancy within a single building, with outdoor areas and basement space adding to the overall property layout.
Key Highlights
- 2,393‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Living room, dining room, and kitchen in each unit
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
$19,734
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
6.83%
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%
$394,680
$394.7K
Cap Rate 7%
$281,914
$281.9K
Cap Rate 9%
$219,267
$219.3K
Market Conditions
NOI Build-Up for 2,393 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
$30.2K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.2K $11.78/SF
− OpEx
−$8.5K −$3.53/SF
NOI
$19.7K $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%
$394,680
Cap Rate 7%
$281,914
Cap Rate 9%
$219,267
Alternative Uses
Best Use
Multifamily LT 5
$281.9K
$246.7K – $328.9K
NOI $19,734 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.5K
NOI $18,448 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$607.4K
$531.5K – $708.6K
NOI $42,517 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
802
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 residential units offer matching bedroom and bath counts, functional living areas, and additional exterior space.
Where is this duplex located?
The property is located at 1711 Electric St Scranton, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,393‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 full bathroom; Living room, dining room, and kitchen in each unit
