Updated Two-Unit
For Sale
$309,900
Pending
1810-1812 Lafayette Street, Scranton, PA 18504
Separate apartments offer flexible occupancy, rental, and storage options with off-street parking and a driveway.
Property Size2,231 SF
Days on Market117
Property Features for 1810-1812 Lafayette Street
General Information
Standard status
Pending
Size
2,231 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,800
Amenities
wraparound front porch
driveway
large attic for extra storage
Building Details
Building Size
2,231 SF
Year Built
1930
Tenancy
Single
Listing Agency:
RE/MAX Best
Listed By:
Heather L Meagher · License #RS283663
(570) 698-7299
Source:
Luxehomesnepa
Added: Jun 22
Changed: Oct 16
Last Checked: Oct 16 at 4:21PM
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 RE/MAX Best
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Investment Insights
Based on property information with market context.
Built in 1930, this 2,231-square-foot duplex contains two three-bedroom, one-bath apartments. Both units feature open living areas, a mudroom adjoining the kitchen, and access to a large attic for storage. One apartment is vacant and has received new flooring, kitchen improvements, and bathroom updates. The other is occupied and was updated approximately 11 years ago.
The property includes city gas, a wraparound front porch, and off-street parking served by a driveway. A complete roof tear-off was completed in 2022, including replacement of the plywood beneath the roof covering. Located at 1810-1812 Lafayette St in West Scranton, the duplex is near schools, shopping, local amenities, and major routes.
The property includes city gas, a wraparound front porch, and off-street parking served by a driveway. A complete roof tear-off was completed in 2022, including replacement of the plywood beneath the roof covering. Located at 1810-1812 Lafayette St in West Scranton, the duplex is near schools, shopping, local amenities, and major routes.
Key Highlights
- 2,231‑square‑foot duplex with two 3‑bedroom, 1‑bath apartments
- Vacant unit updated with new flooring, kitchen, and bathroom
- Occupied apartment was updated approximately 11 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,398
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,960
$368.0K
Cap Rate 7%
$262,829
$262.8K
Cap Rate 9%
$204,422
$204.4K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$28.1K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$26.3K $11.78/SF
− OpEx
−$7.9K −$3.53/SF
NOI
$18.4K $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%
$367,960
Cap Rate 7%
$262,829
Cap Rate 9%
$204,422
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$230.0K – $306.6K
NOI $18,398 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$245.7K
$215.0K – $286.7K
NOI $17,200 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$566.3K
$495.5K – $660.7K
NOI $39,639 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments offer flexible occupancy, rental, and storage options with off-street parking and a driveway.
Where is this duplex located?
The property is located at 1810-1812 Lafayette Street Scranton, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 2,231‑square‑foot duplex with two 3‑bedroom, 1‑bath apartments; Vacant unit updated with new flooring, kitchen, and bathroom; Occupied apartment was updated approximately 11 years ago
