Split-Level
New
For Sale
$289,000
1711 Electric Street, Dunmore, PA 18509
MULTI_FAMILY - Split Level - Dunmore, PA
Property Size2,393 SF
Lot Size0.14 Acres
Price / SF$120.77
Days on Market6
Property Features for 1711 Electric Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking
4
Parking features
Driveway
Patio and Porch features
Porch
Interior features
High Ceilings
Exterior features
Rain Gutters
Fireplace
1
Basement
Storage Space, Unfinished
Appliances
Dishwasher, Refrigerator, Freezer, Electric Oven, Electric Cooktop
Lot features
Paved
Elementary school district
Dunmore
Middle school district
Dunmore
High school district
Dunmore
Directions
From I-81, take Exit 188 toward Dunmore/PA-347. Follow N Blakely Street toward Dunmore. Turn onto E Drinker Street and continue as it merges into Electric Street. Continue on Electric Street to 1711 Electric Street. Property will be on your right.
Standard status
Active
APN
13519010062
Size
2,393 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X150 Bldg & Land W-01 B-0110 L-0360 P-03300
Tax Annual Amount
3595
Legal Description
40X150 Bldg & Land W-01 B-0110 L-0360 P-03300
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Public
Amenities
porch
covered patio
balcony
basement
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile, Linoleum
Building materials
Stucco
Roof type
Shingle
Architectural style
Split Level
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Christine Ives Polizzi · License #RS360064
(570) 561-7189
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 17 at 11:06AM
MLS# SC264025
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 2,393-square-foot duplex at 1711 Electric Street in Dunmore includes two residential units, with each offering two bedrooms, one full bathroom, a living room, dining room, and kitchen. The split-level property was built in 1920 and includes a basement, porch, covered patio, and balcony. High ceilings, wood, linoleum, and tile flooring, plus stucco construction, further define the interior and exterior character.
Property features include wall-unit cooling, a shingle roof, rain gutters, driveway parking, and a fireplace. Appliances include a dishwasher, refrigerator, freezer, electric oven, and electric cooktop. Public water and public sewer serve the property, while cable is available. The parcel contains 0.14 acres and carries R1 zoning.
Property features include wall-unit cooling, a shingle roof, rain gutters, driveway parking, and a fireplace. Appliances include a dishwasher, refrigerator, freezer, electric oven, and electric cooktop. Public water and public sewer serve the property, while cable is available. The parcel contains 0.14 acres and carries R1 zoning.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit
- 2,393 square feet on a 0.14‑acre parcel
- Split‑level construction completed in 1920
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
829
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 provide practical layouts with living, dining, kitchen, and outdoor areas.
Where is this duplex located?
The property is located at 1711 Electric Street Dunmore, 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: Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit; 2,393 square feet on a 0.14‑acre parcel; Split‑level construction completed in 1920
