Two-Unit Duplex Across From
For Sale
$215,000
180-182 Golden Avenue, Scranton, PA 18508
Two maintained apartments offer separate utilities, established mechanical systems, and room for cosmetic personalization.
Property Size2,485 SF
Days on Market11
Property Features for 180-182 Golden Avenue
General Information
Standard status
Active
Size
2,485 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,123
Building Details
Building Size
2,485 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
ERA One Source Realty
(570) 877-2778
Listed By:
Manju Verma · License #RS375147
Source:
Luxehomesnepa
Added: Jul 25
Changed: Aug 3
Last Checked: Aug 3 at 3:50AM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This duplex contains two apartments within a 1930 residential income property. Both units have been maintained and are served by separate utilities, allowing each apartment’s usage to be tracked independently. The building has established mechanical systems and a solid foundation, while cosmetic improvements remain for an owner seeking to refresh the interiors and finishes.
The property is located at 180-182 Golden Avenue in Scranton, directly across from Weston Park. Its two-unit configuration supports continued residential occupancy or an owner-user arrangement, subject to applicable requirements. The combination of separate utilities, existing building systems, and a defined opportunity for cosmetic updates provides a clear basis for evaluating the property as a duplex.
The property is located at 180-182 Golden Avenue in Scranton, directly across from Weston Park. Its two-unit configuration supports continued residential occupancy or an owner-user arrangement, subject to applicable requirements. The combination of separate utilities, existing building systems, and a defined opportunity for cosmetic updates provides a clear basis for evaluating the property as a duplex.
Key Highlights
- Two‑unit duplex with two apartments
- Separate utilities for each apartment
- Built in 1930
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $14.88 |
| − Vacancy | −$2.1k | −$0.86 |
| EGI | $34.8k | $14.02 |
| − OpEx | −$15.7k | −$6.31 |
| NOI | $19.2k | $7.71 |
2,485 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.6K
NOI $20,493 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,158 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$630.7K
$551.9K – $735.9K
NOI $44,152 @ 7.0% cap · market cap 20.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two maintained apartments offer separate utilities, established mechanical systems, and room for cosmetic personalization.
Where is this duplex located?
The property is located at 180-182 Golden Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex with two apartments; Separate utilities for each apartment; Built in 1930
