Duplex with Finished
For Sale
$250,000
Pending
302 Willow St, Scranton, PA 18505
A sizable garage, laundry area, and broad outdoor grounds add practical space to this two-unit property.
Property Size2,660 SF
Days on Market17
Property Features for 302 Willow St
General Information
Standard status
Pending
Size
2,660 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,317
Amenities
garage
finished basement
laundry area
outdoor space
Building Details
Buildings
1
Listing Agency:
Iron Valley Real Estate - Coal Region
(570) 929-4873
Listed By:
Junior Febles Quezada
(347) 274-5626
Source:
Exprealty
Added: Oct 19
Changed: Oct 31
Last Checked: Nov 3 at 10:47AM
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 Iron Valley Real Estate - Coal Region
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Investment Insights
Based on property information with market context.
This duplex contains 2,660 square feet and includes a garage with space for vehicle parking or storage. The basement has a finished area, with a separate laundry area also on this level. The property's layout offers additional interior space beyond the main living areas.
Set on a large lot, the property includes outdoor space alongside the building. Its combination of a garage, finished basement area, and laundry facilities provides useful features for a duplex property.
Set on a large lot, the property includes outdoor space alongside the building. Its combination of a garage, finished basement area, and laundry facilities provides useful features for a duplex property.
Key Highlights
- 2,660‑square‑foot duplex
- Garage with room for parking or storage
- Finished basement area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,936
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,720
$438.7K
Cap Rate 7%
$313,371
$313.4K
Cap Rate 9%
$243,733
$243.7K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$33.5K $12.60/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$31.3K $11.78/SF
− OpEx
−$9.4K −$3.53/SF
NOI
$21.9K $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%
$438,720
Cap Rate 7%
$313,371
Cap Rate 9%
$243,733
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,936 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$293.0K
$256.3K – $341.8K
NOI $20,507 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$675.2K
$590.8K – $787.7K
NOI $47,261 @ 7.0% cap · market cap 18.90%
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
2,241
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 sizable garage, laundry area, and broad outdoor grounds add practical space to this two-unit property.
Where is this duplex located?
The property is located at 302 Willow St Scranton, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,660‑square‑foot duplex; Garage with room for parking or storage; Finished basement area
