Two-Unit Duplex with Separate
For Sale
$199,000
206 Crown Ave, Scranton, PA 18505
Each residence includes two bedrooms, one bath, and access to a shared backyard.
Property Size1,500 SF
Price / SF$132.67
Days on Market64
Property Features for 206 Crown Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
REALTY NETWORK GROUP
Listed By:
Annabelle Rogers
(570) 862-3331
Source:
Revolvepa
Added: Aug 15
Changed: Oct 16
Last Checked: Oct 5 at 10:28PM
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 REALTY NETWORK GROUP
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 residential units within approximately 1,500 square feet of building area. Each unit offers two bedrooms and one bathroom, with separate utility service for the residences. The property was built in 1935 and includes a shared backyard plus one off-street parking space serving both units.
Located at 206 Crown Ave in Scranton, Pennsylvania, the property is fully rented to long-term tenants. Its two-unit configuration, individual utilities, and established occupancy provide a straightforward residential income property profile.
Located at 206 Crown Ave in Scranton, Pennsylvania, the property is fully rented to long-term tenants. Its two-unit configuration, individual utilities, and established occupancy provide a straightforward residential income property profile.
Key Highlights
- Two residential units, each with two bedrooms and one bathroom
- Separate utility service for each unit
- Approximately 1,500 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,370
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,400
$247.4K
Cap Rate 7%
$176,714
$176.7K
Cap Rate 9%
$137,444
$137.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$18.9K $12.60/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$17.7K $11.78/SF
− OpEx
−$5.3K −$3.53/SF
NOI
$12.4K $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%
$247,400
Cap Rate 7%
$176,714
Cap Rate 9%
$137,444
Alternative Uses
Best Use
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$380.7K
$333.1K – $444.2K
NOI $26,651 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bath, and access to a shared backyard.
Where is this duplex located?
The property is located at 206 Crown Ave Scranton, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two residential units, each with two bedrooms and one bathroom; Separate utility service for each unit; Approximately 1,500 square feet of property size
