Side-by-Side
For Sale
$220,000
Pending
2637 2639 Jackson Street, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size1,600 SF
Lot Size0.20 Acres
Days on Market39
Property Features for 2637 2639 Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Basement, Bathroom 3, Bedroom 1
Parking features
On Street
Patio and Porch features
Porch
Exterior features
Private Entrance, Private Yard
Basement
Full
Appliances
Dryer, Refrigerator, Washer, Gas Range, Gas Oven
Lot features
Back Yard, Front Yard
Elementary school district
Scranton School District
Middle school district
Scranton School District
High school district
Scranton School District
Directions
Traveling South on Keyser Ave, Turn onto Jackson Street. House number 2637-2639
Standard status
Pending
APN
14412010013
Size
1,600 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
4368
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
private laundry area
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile, Laminate
Building materials
Asbestos, Concrete
Listing Agency:
Iron Valley R E Tri-State
(570) 559-4766
Listed By:
Stephanie Tsaptsinos · License #RS367189
(845) 781-3043
Added: Aug 3
Changed: Sep 9
Last Checked: Sep 10 at 8:06PM
MLS# PW-262627
Copyright © 2026 Pike/Wayne Association 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.
Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex contains two side-by-side residential units on a 0.2-acre lot. Each unit has two bedrooms, while the first includes 1.5 bathrooms and the second has one full bathroom. Both residences feature updated kitchens and bathrooms, separate utility service, and private laundry areas in the basement. Appliances include gas ranges and ovens, refrigerators, and washers and dryers. Interior finishes include laminate, tile, and carpet flooring.
Built in 1930, the property includes private entrances, a private yard, and a porch. Heating is provided by natural gas, with public water and public sewer service. On-street parking is available, and the property is zoned Residential.
Built in 1930, the property includes private entrances, a private yard, and a porch. Heating is provided by natural gas, with public water and public sewer service. On-street parking is available, and the property is zoned Residential.
Key Highlights
- Two‑unit duplex with 1,600 square feet of property area
- 0.2‑acre lot with private yard and porch
- Unit 1: 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,900
$263.9K
Cap Rate 7%
$188,500
$188.5K
Cap Rate 9%
$146,611
$146.6K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$20.2K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.8K $11.78/SF
− OpEx
−$5.7K −$3.53/SF
NOI
$13.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,900
Cap Rate 7%
$188,500
Cap Rate 9%
$146,611
Alternative Uses
Best Use
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,428 @ 7.0% cap · market cap 12.92%
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
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Check the figures for this property
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 residential units feature separate utilities, refreshed kitchens and baths, and dedicated basement laundry areas.
Where is this duplex located?
The property is located at 2637 2639 Jackson Street Scranton, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,600 square feet of property area; 0.2‑acre lot with private yard and porch; Unit 1: 2 bedrooms and 1.5 bathrooms
