3-Unit Residential
2150 2154 Pond Avenue, Scranton, PA 18508
For Sale
New
$310,000
Residential Income, Scranton, PA
Property Size2,359 SF
Lot Size0.06 Acres
Price / SF$131.41
Days on Market1
Property Features for 2150 2154 Pond Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee · License PA RS366599
(570) 520-8867
Added: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# SC265686
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.
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Investment Insights
Based on property information with market context.
This 3-unit residential property contains 2,359 square feet and was built in 1920. The recorded rooms include five bedrooms and three bathrooms, along with a basement. Heating is natural gas, and the property is served by public water and public sewer.
The parcel measures 0.06 acres and is zoned R1. The owner pays property taxes and insurance.
The parcel measures 0.06 acres and is zoned R1. The owner pays property taxes and insurance.
Key Highlights
- Three occupied units
- 2,359 square feet on a 0.06‑acre lot
- Built in 1920; zoned R1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,454
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,080
$389.1K
Cap Rate 7%
$277,914
$277.9K
Cap Rate 9%
$216,156
$216.2K
Market Conditions
NOI Build-Up for 2,359 SF
Gross rent
$29.7K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.8K $11.78/SF
− OpEx
−$8.3K −$3.53/SF
NOI
$19.5K $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%
$389,080
Cap Rate 7%
$277,914
Cap Rate 9%
$216,156
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,186 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$598.8K
$523.9K – $698.6K
NOI $41,913 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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
$120,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Scranton, PA
Properties on Market for Triplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are occupied, with natural-gas heating and public water and sewer service.
Where is this triplex located?
The property is located at 2150 2154 Pond Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three occupied units; 2,359 square feet on a 0.06‑acre lot; Built in 1920; zoned R1
