Renovated Duplex with Two
For Sale
$225,000
215 Saint Francis Cabrini Ave, Scranton, PA 18504
Updated duplex with separate electric, private parking, outdoor areas, and distinct layouts across both residences.
Property Size1,751 SF
Price / SF$128.50
Days on Market40
Property Features for 215 Saint Francis Cabrini Ave
General Information
Standard status
Active
Size
1,751 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,298
Amenities
in-unit laundry
rear deck
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(570) 520-8867
Listed By:
Alexsis McGhee · License #RS366599
(570) 520-8867
Source:
Exprealty
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 4:10PM
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.
This renovated duplex contains 1,751 square feet across two residential units. The first-floor apartment offers two bedrooms, one bathroom, in-unit laundry, rear access to the private parking area, and a small backyard. The second residence occupies the second and third floors and includes three bedrooms, one bathroom, a loft, and a rear deck.
Separate electric service serves the units. The upper-level loft provides flexible space for an office, playroom, or storage, while the outdoor areas and parking add practical functionality. Located at 215 Saint Francis Cabrini Ave in Scranton, PA, the property is configured for continued residential rental use or an owner-occupied arrangement with a second unit.
Separate electric service serves the units. The upper-level loft provides flexible space for an office, playroom, or storage, while the outdoor areas and parking add practical functionality. Located at 215 Saint Francis Cabrini Ave in Scranton, PA, the property is configured for continued residential rental use or an owner-occupied arrangement with a second unit.
Key Highlights
- Two‑unit duplex with 1,751 square feet
- Fully renovated property with updated residences
- First‑floor unit includes 2 bedrooms, 1 bathroom, in‑unit laundry, private parking access, and a small backyard
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
$14,440
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
6.42%
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%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,751 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
$22.1K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.6K $11.78/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.4K $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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Multifamily LT 5
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,499 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$444.4K
$388.9K – $518.5K
NOI $31,111 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
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 - Updated duplex with separate electric, private parking, outdoor areas, and distinct layouts across both residences.
Where is this duplex located?
The property is located at 215 Saint Francis Cabrini Ave Scranton, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,751 square feet; Fully renovated property with updated residences; First‑floor unit includes 2 bedrooms, 1 bathroom, in‑unit laundry, private parking access, and a small backyard
