Updated Kitchen
For Sale
$299,000
Pending
2309 Ash St, Scranton, PA 18510
Well-maintained three-unit triplex with updated kitchens, off-street parking, and a full basement for storage.
Property Size3,426 SF
Days on Market107
Property Features for 2309 Ash St
General Information
Standard status
Pending
Size
3,426 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
Keller Williams Real Estate-Clarks Summit
(570) 588-8030
Listed By:
The Bill Chupko Team · License #RS348943
(570) 588-8030
Source:
Exprealty
Added: Apr 17
Changed: Jul 31
Last Checked: Jul 31 at 5:40AM
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.
2309 Ash St is a well-maintained three-unit triplex offering updated kitchens and practical resident amenities. Each unit includes two bedrooms and one bathroom, along with a bright living room. Units 1 and 2 also feature their own convenient laundry rooms.
The property includes a full basement that provides storage and utility space. For additional off-street convenience, there is a detached garage and parking for residents.
With consistent unit layouts and key interior updates, this triplex is designed for straightforward rental use.
The property includes a full basement that provides storage and utility space. For additional off-street convenience, there is a detached garage and parking for residents.
With consistent unit layouts and key interior updates, this triplex is designed for straightforward rental use.
Key Highlights
- Three‑unit triplex at 2309 Ash St, Scranton, PA
- Updated kitchens in all units
- Each unit has two bedrooms and one bathroom
Financial Insights For Apartment 5plus
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 | $51.0k | $14.88 |
| − Vacancy | −$3.0k | −$0.86 |
| EGI | $48.0k | $14.02 |
| − OpEx | −$21.6k | −$6.31 |
| NOI | $26.4k | $7.71 |
3,426 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.6K
$353.2K – $470.9K
NOI $28,253 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$377.3K
$330.2K – $440.2K
NOI $26,412 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$869.6K
$760.9K – $1.01M
NOI $60,871 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit triplex with updated kitchens, off-street parking, and a full basement for storage.
Where is this triplex located?
The property is located at 2309 Ash St Scranton, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit triplex at 2309 Ash St, Scranton, PA; Updated kitchens in all units; Each unit has two bedrooms and one bathroom
