Updated
New
For Sale
$299,000
201 Stone Avenue, Clarks Summit, PA 18411
Residential Income, Clarks Summit, PA
Property Size1,900 SF
Lot Size0.18 Acres
Price / SF$157.37
Days on Market4
Property Features for 201 Stone Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r1
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3
Parking
2
Parking features
Off Street, On Street
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
High Ceilings, Storage
Exterior features
Private Entrance, Uncovered Courtyard, Storage
Fireplace
1
Basement
Concrete
Appliances
Electric Range, Refrigerator
Lot features
Corner Lot
Elementary school district
Abington Heights
Middle school district
Abington Heights
High school district
Abington Heights
Directions
S State St to a right turn on Stone. Proceed to 201 on the left corner.
Standard status
Active
APN
0901904002800
Size
1,900 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
120X64 W-01 B-0240 L-0190
Tax Annual Amount
3842
Legal Description
120X64 W-01 B-0240 L-0190
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Tile - Ceramic
Building materials
Plaster, Wood Siding, Shake Siding
Roof type
Asphalt
Architectural style
Craftsman
Additional Structures
Storage
Listing Agency:
O BOYLE REAL ESTATE LLC
(570) 586-2911
Listed By:
JOSEPH a BROGAN
(570) 561-5469
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 5:06AM
MLS# SC265551
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.
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Investment Insights
Based on property information with market context.
This 1,900-square-foot duplex occupies a 0.18-acre corner parcel and has two apartments updated three years ago. Interior features include high ceilings and storage, while the exterior includes a private entrance, an uncovered courtyard, and a porch. The property was built in 1940 and has public water and sewer service.
The property is one block from State Street’s business district and is within the Abington Heights school district. It is tenant-occupied, with 24 hours’ notice required for showings.
The property is one block from State Street’s business district and is within the Abington Heights school district. It is tenant-occupied, with 24 hours’ notice required for showings.
Key Highlights
- Duplex with 1,900 square feet on a 0.18‑acre corner lot
- Apartments updated three years ago
- One block from State Street’s business district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,669
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,380
$313.4K
Cap Rate 7%
$223,843
$223.8K
Cap Rate 9%
$174,100
$174.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$23.9K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$22.4K $11.78/SF
− OpEx
−$6.7K −$3.53/SF
NOI
$15.7K $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 Rate 5%
$313,380
Cap Rate 7%
$223,843
Cap Rate 9%
$174,100
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
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Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
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 - The two apartments were renovated three years ago; showings require 24 hours’ notice because the property is occupied.
Where is this duplex located?
The property is located at 201 Stone Avenue Clarks Summit, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex with 1,900 square feet on a 0.18‑acre corner lot; Apartments updated three years ago; One block from State Street’s business district
