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 Market25
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: Oct 6
Last Checked: Oct 5 at 11:25PM
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 / Yr
$19,108
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
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
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 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
