Remodeled Duplex with Separate
New
For Sale
$210,000
304-306 Jackson Street, Olyphant, PA 18447
Residential Income, Olyphant, PA
Property Size1,375 SF
Lot Size0.04 Acres
Price / SF$152.73
Days on Market4
Property Features for 304-306 Jackson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
On Street
Patio and Porch features
Porch
Appliances
Electric Oven, Washer, Refrigerator
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
From I-81S take Exit 190-Main Ave/Dickson City, turn right and continue onto Main Ave towards Olyphant about 2 miles, turn right onto Jackson St home will be on your right.
Standard status
Active
APN
1140705000102
Size
1,375 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1488
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Amanda Wilson · License #2019007423
(570) 445-0442
Added: Sep 1
Last Checked: Sep 4 at 4:06AM
MLS# SC264331
Copyright © 2026 Greater Scranton Board 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 remodeled duplex contains two 2-bedroom, 1-bath units with a combined property size of 1375 square feet. Both residences are vacant and include washer/dryer hookups, separate utilities, vinyl flooring, baseboard heating, ceiling fans, and porch access. Appliances include electric ovens and refrigerators, with a washer also provided. The property includes a basement and a shingle roof.
Built in 1920 on 0.04 acres, the duplex is served by public water and public sewer. On-street parking is available. Its two-unit configuration supports an owner-occupancy arrangement or separate rental use, subject to applicable residential requirements.
Built in 1920 on 0.04 acres, the duplex is served by public water and public sewer. On-street parking is available. Its two-unit configuration supports an owner-occupancy arrangement or separate rental use, subject to applicable residential requirements.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1375 Square Feet on 0.04 acres
- Both units currently vacant
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
$11,339
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
5.40%
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%
$226,780
$226.8K
Cap Rate 7%
$161,986
$162.0K
Cap Rate 9%
$125,989
$126.0K
Market Conditions
NOI Build-Up for 1,375 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
$17.3K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$16.2K $11.78/SF
− OpEx
−$4.9K −$3.53/SF
NOI
$11.3K $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%
$226,780
Cap Rate 7%
$161,986
Cap Rate 9%
$125,989
Alternative Uses
Best Use
Multifamily LT 5
$162.0K
$141.7K – $189.0K
NOI $11,339 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$151.4K
$132.5K – $176.7K
NOI $10,600 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 11.63%
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
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
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 - Two vacant units provide flexible owner-occupancy or rental-use options with practical residential features.
Where is this duplex located?
The property is located at 304-306 Jackson Street Olyphant, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1375 Square Feet on 0.04 acres; Both units currently vacant
