Duplex with Detached
2-821 Cherry St, Scranton, PA 18512
For Sale
$299,900
Two separate residences are complemented by additional finished and flexible spaces with their own entrances.
Property Size2,281 SF
Price / SF$131.48
Days on Market20
Property Features for 2-821 Cherry St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX Crossroads
(570) 424-8850
Listed By:
Sabrina S Acosta
(201) 238-8849
Source:
Exprealty
Added: Oct 22
Changed: Nov 10
Last Checked: Nov 10 at 2:24PM
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 Crossroads
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with two bedrooms and one full bathroom. One unit also has a first-floor bonus room; the other includes a sun porch and a walk-up attic with potential for additional finished space. A semi-finished basement with a half bath and separate entrance adds another area, while a separate flex room has its own private entrance. A detached two-car garage provides additional storage and parking.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- Detached two‑car garage
- Semi‑finished basement with half bath and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,811
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,220
$376.2K
Cap Rate 7%
$268,729
$268.7K
Cap Rate 9%
$209,011
$209.0K
Market Conditions
NOI Build-Up for 2,281 SF
Gross rent
$28.7K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$26.9K $11.78/SF
− OpEx
−$8.1K −$3.53/SF
NOI
$18.8K $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%
$376,220
Cap Rate 7%
$268,729
Cap Rate 9%
$209,011
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Scranton, PA
Properties on Market for Duplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are complemented by additional finished and flexible spaces with their own entrances.
Where is this duplex located?
The property is located at 2-821 Cherry St Scranton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; Detached two‑car garage; Semi‑finished basement with half bath and separate entrance
