Duplex with Separate
For Sale
$199,000
206 Crown Avenue, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size1,500 SF
Lot Size0.07 Acres
Price / SF$132.67
Days on Market100
Property Features for 206 Crown Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
1
Parking features
Driveway
Patio and Porch features
Porch, Deck, Patio
Interior features
Eat-in Kitchen
Exterior features
Rain Gutters
Basement
Unfinished, Dirt Floor, Concrete
Appliances
Electric Range, Refrigerator, Electric Water Heater
Lot features
Back Yard
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Moosic St, Turn onto Crown Ave, turn right onto Hemlock St, turn left onto Schmidt Ct., house is on the left
Standard status
Active
APN
15761020033
Size
1,500 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2079
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
shared backyard
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Annabelle Rogers
(570) 862-3331
Added: Jun 11
Changed: Sep 12
Last Checked: Sep 18 at 1:06AM
MLS# SC262760
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.
Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex, built in 1935, contains two apartments with matching two-bedroom, one-bath layouts. Both units are fully rented and have separate utilities, while the property also includes an eat-in kitchen, basement, vinyl and laminate flooring, electric baseboard heat, and appliances including electric ranges, refrigerators, and electric water heaters. Vinyl siding, composition roofing, and rain gutters complete the exterior, with deck, patio, and porch areas adding outdoor space.
Located at 206 Crown Avenue in Scranton, the property occupies 0.07 acres and carries R2 zoning. Public water and public sewer serve the building. Residents share a backyard and one off-street driveway parking space.
Located at 206 Crown Avenue in Scranton, the property occupies 0.07 acres and carries R2 zoning. Public water and public sewer serve the building. Residents share a backyard and one off-street driveway parking space.
Key Highlights
- Two fully rented units, each with 2 bedrooms and 1 bath
- 1,500 square feet on a 0.07‑acre lot
- Separate utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
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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 occupied apartments offer individual utilities, shared outdoor space, and driveway parking in Scranton.
Where is this duplex located?
The property is located at 206 Crown Avenue 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 fully rented units, each with 2 bedrooms and 1 bath; 1,500 square feet on a 0.07‑acre lot; Separate utilities for each apartment
