Updated Duplex with Detached
For Sale
$289,000
2224 Capouse Avenue, Scranton, PA 18509
Separate utilities and a rear detached garage support the property's two-unit configuration.
Property Size2,280 SF
Days on Market9
Property Features for 2224 Capouse Avenue
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,154
Building Details
Building Size
2,280 SF
Year Built
1940
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Dwell Real Estate
Listed By:
Nell Donnelly-O'Boyle · License #RB068828
Source:
Luxehomesnepa
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 4 at 9:25AM
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 Dwell Real Estate
Investment Insights
Based on property information with market context.
Built in 1940, this duplex offers two distinct apartments with separate utilities and a detached garage at the rear. The first-floor residence includes a one- to two-bedroom layout, one bathroom, a kitchen, appliances, and an in-unit washer and dryer. The upper residence spans the second and third floors and contains four bedrooms, two full bathrooms, a kitchen, appliances, and its own washer and dryer.
The property has remodeled kitchens and bathrooms, replacement windows, updated paint, and a roof installed 8 years ago. It has been rented to Marywood and Geisinger students both currently and historically. The property is located at 2224 Capouse Avenue in Scranton, Pennsylvania.
The property has remodeled kitchens and bathrooms, replacement windows, updated paint, and a roof installed 8 years ago. It has been rented to Marywood and Geisinger students both currently and historically. The property is located at 2224 Capouse Avenue in Scranton, Pennsylvania.
Key Highlights
- Two‑unit duplex with separate utilities
- First‑floor one- to two‑bedroom, one‑bath apartment
- Second- and third‑floor unit with 4 bedrooms and 2 full bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $12.60 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $26.9k | $11.78 |
| − OpEx | −$8.1k | −$3.53 |
| NOI | $18.8k | $8.25 |
2,280 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$251.1K
$219.7K – $293.0K
NOI $17,577 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$578.7K
$506.4K – $675.2K
NOI $40,509 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
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 - Separate utilities and a rear detached garage support the property's two-unit configuration.
Where is this duplex located?
The property is located at 2224 Capouse Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities; First‑floor one- to two‑bedroom, one‑bath apartment; Second- and third‑floor unit with 4 bedrooms and 2 full bathrooms
