Renovated Two-Unit
For Sale
$330,000
2306 Ash Street, Scranton, PA 18510
Two residences feature refreshed kitchens, bathrooms, and flooring, with private outdoor areas and off-street parking.
Property Size3,171 SF
Days on Market67
Property Features for 2306 Ash Street
General Information
Standard status
Active
Size
3,171 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 5BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,385
Amenities
off-street parking
covered front porch
upper-level balcony
rear deck
backyard
Building Details
Building Size
3,171 SF
Year Built
1930
Listing Agency:
Keller Williams Real Estate-Clarks Summit
Listed By:
The Bill Chupko Team · License #RS348943
(570) 588-8030
Source:
Luxehomesnepa
Added: Aug 5
Changed: Sep 27
Last Checked: Oct 10 at 2:48AM
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 Keller Williams Real Estate-Clarks Summit
Investment Insights
Based on property information with market context.
Located at 2306 Ash Street in Scranton’s Hill Section, this 1930 duplex contains two separately configured residences. The lower unit has 5 bedrooms and 2 full bathrooms, while the upper unit provides 3 bedrooms and 1 full bathroom. Both units have updated kitchens, refreshed bathrooms, and new flooring.
The property includes off-street parking and several exterior features, including a covered front porch, upper-level balcony, rear deck, and backyard. Its Scranton setting places the duplex near schools, parks, shopping, restaurants, hospitals, and major roadways.
The property includes off-street parking and several exterior features, including a covered front porch, upper-level balcony, rear deck, and backyard. Its Scranton setting places the duplex near schools, parks, shopping, restaurants, hospitals, and major roadways.
Key Highlights
- Two‑unit duplex with 5‑bedroom and 3‑bedroom residences
- Unit 1 includes 5 bedrooms and 2 full bathrooms
- Unit 2 includes 3 bedrooms and 1 full bathroom
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.
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature refreshed kitchens, bathrooms, and flooring, with private outdoor areas and off-street parking.
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 5‑bedroom and 3‑bedroom residences; Unit 1 includes 5 bedrooms and 2 full bathrooms; Unit 2 includes 3 bedrooms and 1 full bathroom
