Duplex with Separate
For Sale
$249,995
2902 Frink St, Scranton, PA 18504
Both residences include open living and dining areas, private utility service, and access to decks overlooking the yard.
Property Size2,250 SF
Lot Size0.35 Acres
Price / SF$111.11
Days on Market17
Property Features for 2902 Frink St
General Information
Standard status
Active
Size
2,250 SF
Lot size
0.35 Acres
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,334
Amenities
decks
yard
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
The Hub Real Estate Group Scranton
(570) 906-4344
Listed By:
Pat Rogan · License #RM425864
(570) 906-4344
Source:
Exprealty
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 11 at 11:16AM
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 The Hub Real Estate Group Scranton
Investment Insights
Based on property information with market context.
This duplex includes two residential units, each arranged with an open living and dining area and separate utilities. Decks extend the usable outdoor space, with views across the yard. The property also provides off-street parking and sits on a 0.35-acre parcel, offering more land than a typical compact residential setting.
Located at 2902 Frink St in Scranton’s West Mountain area, the property combines a two-unit configuration with outdoor amenities and utility separation. The existing layout leaves room for future personal updates while retaining the core features of the residences, including deck access, yard space, and on-site parking.
Located at 2902 Frink St in Scranton’s West Mountain area, the property combines a two-unit configuration with outdoor amenities and utility separation. The existing layout leaves room for future personal updates while retaining the core features of the residences, including deck access, yard space, and on-site parking.
Key Highlights
- Two‑unit duplex configuration
- Separate utilities for each unit
- 0.35‑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
$18,555
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
7.42%
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%
$371,100
$371.1K
Cap Rate 7%
$265,071
$265.1K
Cap Rate 9%
$206,167
$206.2K
Market Conditions
NOI Build-Up for 2,250 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
$28.4K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$26.5K $11.78/SF
− OpEx
−$8.0K −$3.53/SF
NOI
$18.6K $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%
$371,100
Cap Rate 7%
$265,071
Cap Rate 9%
$206,167
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,346 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
157
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include open living and dining areas, private utility service, and access to decks overlooking the yard.
Where is this duplex located?
The property is located at 2902 Frink St Scranton, PA.
What is the asking price?
The asking price for this property is $249,995.
What are key features of this property?
This property features: Two‑unit duplex configuration; Separate utilities for each unit; 0.35‑acre lot
