Two-Unit Duplex in R2
For Sale
$209,000
206 Crown Avenue, Scranton, PA 18505
MULTI_FAMILY - Scranton, PA
Property Size1,500 SF
Lot Size0.07 Acres
Price / SF$139.33
Days on Market54
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
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 2
Parking
1
Parking features
Driveway
Patio and Porch features
Deck, Porch, Patio
Interior features
Eat-in Kitchen
Exterior features
Rain Gutters
Basement
Dirt Floor, Unfinished, 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
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: Aug 1
Last Checked: Aug 3 at 12:06PM
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 two-unit duplex offers two fully rented, long-term tenant-occupied units. Each unit includes two bedrooms and one bath, with separate utilities for individual tenant service. Common outdoor space is shared, including a shared backyard, along with shared off-street parking. Interior features include eat-in kitchen space, and the home includes laminate and vinyl flooring.
The duplex is located at 206 Crown Avenue in Scranton, Pennsylvania, within R2 zoning. The property sits on a 0.07-acre lot and includes a driveway for parking. Exterior features include rain gutters, and the construction uses vinyl siding with a composition roof. Heating is provided via electric baseboard systems. Public water and public sewer service are available.
Built in 1935, the property includes practical living areas and utility support, including a basement. Appliances noted include electric ranges, refrigerators, and electric water heaters.
The duplex is located at 206 Crown Avenue in Scranton, Pennsylvania, within R2 zoning. The property sits on a 0.07-acre lot and includes a driveway for parking. Exterior features include rain gutters, and the construction uses vinyl siding with a composition roof. Heating is provided via electric baseboard systems. Public water and public sewer service are available.
Built in 1935, the property includes practical living areas and utility support, including a basement. Appliances noted include electric ranges, refrigerators, and electric water heaters.
Key Highlights
- Two fully rented units with long‑term tenants
- Each unit has two bedrooms and one bath with separate utilities
- Shared backyard plus one shared off‑street parking space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.9k | $12.60 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $17.7k | $11.78 |
| − OpEx | −$5.3k | −$3.53 |
| NOI | $12.4k | $8.25 |
1,500 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$380.7K
$333.1K – $444.2K
NOI $26,651 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Duplex with two fully rented units, separate utilities, and R2 zoning 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 $209,000.
What are key features of this property?
This property features: Two fully rented units with long‑term tenants; Each unit has two bedrooms and one bath with separate utilities; Shared backyard plus one shared off‑street parking space
