Renovated 2-Unit
2306 Ash Street, Scranton, PA 18510
For Sale
$330,000
Pending
Residential Income, Scranton, PA
Property Size3,171 SF
Lot Size0.14 Acres
Days on Market100
Property Features for 2306 Ash Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Basement
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Amenities
covered front porch
upper-level balcony
rear deck
backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Additional Structures
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
The Bill Chupko Team
(570) 588-8030
Added: Aug 5
Changed: Oct 28
Last Checked: Nov 12 at 7:06PM
MLS# SC263839
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 2-unit duplex in Scranton’s Hill Section provides 3,171 square feet on a 0.14-acre parcel. Renovations include refreshed kitchens and bathrooms, new flooring, laminate and tile finishes, and a mix of gas and electric ranges, refrigerators, dishwashers, microwaves, and stainless steel appliances. The two residences contain five bedrooms and two full bathrooms in one unit, plus three bedrooms and one full bathroom in the other.
Exterior features include a covered porch, upper balcony, rear deck, private yard, storage, and driveway parking, with additional off-street and on-street parking options. The property was built in 1930, has a shingle roof, and is served by public water and public sewer. R1 zoning applies. Schools, parks, shopping, restaurants, hospitals, and major roadways are located minutes away. The configuration supports an owner-occupant arrangement with rental income or continued use as a two-unit residential property.
Exterior features include a covered porch, upper balcony, rear deck, private yard, storage, and driveway parking, with additional off-street and on-street parking options. The property was built in 1930, has a shingle roof, and is served by public water and public sewer. R1 zoning applies. Schools, parks, shopping, restaurants, hospitals, and major roadways are located minutes away. The configuration supports an owner-occupant arrangement with rental income or continued use as a two-unit residential property.
Key Highlights
- Two‑unit duplex with 3,171 square feet of building area
- Unit mix includes 5 bedrooms and 2 full bathrooms, plus 3 bedrooms and 1 full bathroom
- Renovated kitchens, bathrooms, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,150
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,000
$523.0K
Cap Rate 7%
$373,571
$373.6K
Cap Rate 9%
$290,556
$290.6K
Market Conditions
NOI Build-Up for 3,171 SF
Gross rent
$40.0K $12.60/SF
− Vacancy
−$2.6K −$0.82/SF
EGI
$37.4K $11.78/SF
− OpEx
−$11.2K −$3.53/SF
NOI
$26.2K $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%
$523,000
Cap Rate 7%
$373,571
Cap Rate 9%
$290,556
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$804.9K
$704.3K – $939.0K
NOI $56,340 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
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Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Scranton, PA
Properties on Market for Duplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences with private outdoor areas and off-street parking in Scranton’s Hill Section.
Where is this duplex located?
The property is located at 2306 Ash Street Scranton, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,171 square feet of building area; Unit mix includes 5 bedrooms and 2 full bathrooms, plus 3 bedrooms and 1 full bathroom; Renovated kitchens, bathrooms, and flooring
