Side-by-Side
For Sale
$220,000
Pending
2637 2639 Jackson Street, Scranton, PA 18504
MULTI_FAMILY - Scranton, PA
Property Size1,600 SF
Lot Size0.20 Acres
Days on Market11
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, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Basement
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
Laminate, Tile, Carpet
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: Aug 10
Last Checked: Aug 13 at 7:06PM
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 side-by-side duplex at 2637–2639 Jackson Street contains two residential units within approximately 1,600 square feet. Unit 1 has two bedrooms and 1.5 bathrooms, while Unit 2 includes two bedrooms and one full bathroom. Each unit has a private laundry area in the basement, along with separate utilities. The property also features private entrances, a private yard, a porch, and on-street parking.
Built in 1930, the duplex sits on a 0.2-acre lot in Scranton’s 18504 ZIP code and carries Residential zoning. Updated kitchens and bathrooms are complemented by gas ranges, gas ovens, refrigerators, washers, and dryers. Natural gas heating is available, with public water and public sewer serving the property. Interior finishes include carpet, tile, and laminate flooring.
Built in 1930, the duplex sits on a 0.2-acre lot in Scranton’s 18504 ZIP code and carries Residential zoning. Updated kitchens and bathrooms are complemented by gas ranges, gas ovens, refrigerators, washers, and dryers. Natural gas heating is available, with public water and public sewer serving the property. Interior finishes include carpet, tile, and laminate flooring.
Key Highlights
- Two‑unit side‑by‑side duplex with 2 bedrooms in each unit
- Unit 1 includes 1.5 bathrooms; Unit 2 has 1 full bathroom
- Approximately 1,600 square feet on a 0.2‑acre lot
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
659
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, refreshed kitchens and baths, and private 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 side‑by‑side duplex with 2 bedrooms in each unit; Unit 1 includes 1.5 bathrooms; Unit 2 has 1 full bathroom; Approximately 1,600 square feet on a 0.2‑acre lot
