Fenced-Yard
For Sale
$275,000
3009 3011 Cedar Avenue, Scranton, PA 18505
A fully enclosed yard accompanies this two-unit property.
Property Size1,800 SF
Days on Market14
Property Features for 3009 3011 Cedar Avenue
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,676
Building Details
Building Size
1,800 SF
Year Built
1930
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
Joanne L. Rezzino · License #RS368675
(570) 212-0688
Source:
Luxehomesnepa
Added: Oct 20
Changed: Nov 2
Last Checked: Nov 1 at 1:35PM
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 C21 Jack Ruddy Real Estate
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two residential units. The property also includes a fully fenced yard, providing outdoor space associated with the building.
Key Highlights
- Two‑unit residential property
- Built in 1930
- Fully fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,844
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,880
$296.9K
Cap Rate 7%
$212,057
$212.1K
Cap Rate 9%
$164,933
$164.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$22.7K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.2K $11.78/SF
− OpEx
−$6.4K −$3.53/SF
NOI
$14.8K $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%
$296,880
Cap Rate 7%
$212,057
Cap Rate 9%
$164,933
Alternative Uses
Best Use
Multifamily LT 5
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$198.2K
$173.5K – $231.3K
NOI $13,877 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
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Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A fully enclosed yard accompanies this two-unit property.
Where is this duplex located?
The property is located at 3009 3011 Cedar Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit residential property; Built in 1930; Fully fenced yard
