Duplex with Finished
New
For Sale
$250,000
302 Willow Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,660 SF
Lot Size0.15 Acres
Price / SF$93.98
Days on Market6
Property Features for 302 Willow Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Parking
4
Basement
Partially Finished, Full
Appliances
Gas Range, Refrigerator, Microwave, Washer, Dryer
Subdivision
Scranton City
Standard status
Active
APN
15615010032
Size
2,660 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
40X162 Li&S L 15 B 10 W-11 B-010 L-015 P-026
Tax Annual Amount
4317
Legal Description
40X162 Li&S L 15 B 10 W-11 B-010 L-015 P-026
Utilities
Sewer type
Public Sewer
Heating system
Steam, Electric (Heating), Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Stucco
Roof type
Shingle
Architectural style
Shingle
Listing Agency:
Iron Valley Real Estate - Coal Region
Listed By:
Junior Febles Quezada
(570) 929-4873
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 24 at 6:06PM
MLS# PM-145872
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,660-square-foot duplex has four bedrooms and three bathrooms, with ceramic tile and laminate flooring. A finished section of the basement provides additional interior space, and a separate laundry area is also located downstairs. The property includes a garage for parking or storage and sits on a 0.15-acre lot.
The residence is clad in stucco and has a shingle roof. Heating includes steam, electric, baseboard, and hot water systems. Appliances include a gas range, refrigerator, microwave, washer, and dryer. Public water and public sewer serve the property.
The residence is clad in stucco and has a shingle roof. Heating includes steam, electric, baseboard, and hot water systems. Appliances include a gas range, refrigerator, microwave, washer, and dryer. Public water and public sewer serve the property.
Key Highlights
- 2,660‑square‑foot duplex with four bedrooms and three bathrooms
- 0.15‑acre lot
- Garage for parking or storage
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
1,316
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 garage and outdoor area complement the residence’s multi-bedroom layout.
Where is this duplex located?
The property is located at 302 Willow Street 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 with four bedrooms and three bathrooms; 0.15‑acre lot; Garage for parking or storage
