Two-Unit Duplex with
For Sale
$295,000
2126-2128 N Main Avenue, Scranton, PA 18508
The property combines a four-bedroom unit with a two-bedroom unit and separate utility service.
Property Size2,317 SF
Days on Market9
Property Features for 2126-2128 N Main Avenue
General Information
Standard status
Active
Size
2,317 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,749
Amenities
garage
Building Details
Building Size
2,317 SF
Year Built
1935
Listing Agency:
EXP Realty LLC
Listed By:
Amanda Wilson · License #2019007423
(866) 212-4991
Source:
Luxehomesnepa
Added: Sep 12
Changed: Sep 17
Last Checked: Sep 20 at 12:20PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Built in 1935, this duplex includes two separate residential units with distinct layouts. The larger unit contains 4 bedrooms and 2 bathrooms, while the second offers 2 bedrooms and 1 bathroom. Both units are ready for occupancy, supporting immediate use without describing additional improvements beyond those provided.
The property includes separate utilities, a new roof, a garage, and a long driveway. These features provide practical separation between the units along with on-site parking and storage or vehicle accommodation. The address is 2126-2128 N Main Avenue in Scranton, Pennsylvania.
The property includes separate utilities, a new roof, a garage, and a long driveway. These features provide practical separation between the units along with on-site parking and storage or vehicle accommodation. The address is 2126-2128 N Main Avenue in Scranton, Pennsylvania.
Key Highlights
- 4‑bedroom, 2‑bath unit paired with a 2‑bedroom, 1‑bath unit
- Separate utilities for the two units
- New roof
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
$19,108
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
6.48%
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%
$382,160
$382.2K
Cap Rate 7%
$272,971
$273.0K
Cap Rate 9%
$212,311
$212.3K
Market Conditions
NOI Build-Up for 2,317 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
$29.2K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.3K $11.78/SF
− OpEx
−$8.2K −$3.53/SF
NOI
$19.1K $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%
$382,160
Cap Rate 7%
$272,971
Cap Rate 9%
$212,311
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.9K – $318.5K
NOI $19,108 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$255.2K
$223.3K – $297.7K
NOI $17,863 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$588.1K
$514.6K – $686.1K
NOI $41,167 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
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 - The property combines a four-bedroom unit with a two-bedroom unit and separate utility service.
Where is this duplex located?
The property is located at 2126-2128 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 4‑bedroom, 2‑bath unit paired with a 2‑bedroom, 1‑bath unit; Separate utilities for the two units; New roof
