Two-Unit Duplex with
New
For Sale
$295,000
2126-2128 N Main Avenue, Scranton, PA 18508
Residential Income, Scranton, PA
Property Size2,317 SF
Lot Size0.14 Acres
Price / SF$127.32
Days on Market5
Property Features for 2126-2128 N Main Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Basement, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Parking features
Driveway, Garage
Patio and Porch features
Porch
Basement
Concrete, Unfinished
Appliances
Electric Oven, Refrigerator, Oven, Gas Oven
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Take I-81 North.Take Exit 190 - Main Avenue / Dickson City.At the bottom of the ramp, follow Main Avenue toward Scranton.Continue south on N Main Ave.House will be on your right
Standard status
Active
APN
13505080011
Size
2,317 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2007019820
Tax Annual Amount
3750
Legal Description
2007019820
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1935
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Amanda Wilson · License #2019007423
(570) 445-0442
Added: Sep 12
Changed: Sep 16
Last Checked: Sep 16 at 9:06PM
MLS# SC264583
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 residential property contains 2,317 square feet and was built in 1935. The unit mix includes one four-bedroom, two-bath residence and one two-bedroom, one-bath residence. Improvements include a new roof, vinyl siding, hardwood and tile flooring, forced-air natural-gas heat, ceiling fans, and a porch. Each unit has separate utilities, and the property includes a basement, driveway, and garage. Appliances include electric and gas ovens and refrigerators.
Located at 2126-2128 N Main Avenue in Scranton, Pennsylvania, the property occupies a 0.14-acre lot in R1 zoning. Public water and public sewer serve the property. The residential configuration, distinct utility setup, and on-site parking support continued use as a duplex for an owner-occupant or rental operator.
Located at 2126-2128 N Main Avenue in Scranton, Pennsylvania, the property occupies a 0.14-acre lot in R1 zoning. Public water and public sewer serve the property. The residential configuration, distinct utility setup, and on-site parking support continued use as a duplex for an owner-occupant or rental operator.
Key Highlights
- Two‑unit property with 2,317 square feet
- Unit mix includes 4 bedrooms and 2 baths plus 2 bedrooms and 1 bath
- New roof with shingle roofing and vinyl siding
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
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Income property with separate utilities, updated roofing, and a mix of larger and smaller residential layouts.
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: Two‑unit property with 2,317 square feet; Unit mix includes 4 bedrooms and 2 baths plus 2 bedrooms and 1 bath; New roof with shingle roofing and vinyl siding
