Two-Family Ranch
For Sale
$315,000
309 Columbia Avenue, Clarks Summit, PA 18411
Residential Income, Clarks Summit, PA
Property Size2,620 SF
Lot Size0.34 Acres
Price / SF$120.23
Days on Market58
Property Features for 309 Columbia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Basement, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Off Street
Patio and Porch features
Deck
Basement
Finished, Walk-Out Access
Lot features
Interior Lot
Elementary school district
Abington Heights
Middle school district
Abington Heights
High school district
Abington Heights
Directions
State Street, turn up Clark St, then first left onto Columbia Ave, property on left (Sign)
Standard status
Active
APN
0901501004000
Size
2,620 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
100X150 Highland Park L 229 & 230 W-01 B-025 L-009
Tax Annual Amount
3782
Legal Description
100X150 Highland Park L 229 & 230 W-01 B-025 L-009
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
off-street parking
semi private yard
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser
(570) 309-8799
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 21 at 2:06AM
MLS# SC264206
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.
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Investment Insights
Based on property information with market context.
This two-family ranch property offers 2,620 square feet of finished space with flexible layouts of two or three bedrooms per unit. Built in 1980, the home includes vinyl and carpet flooring, baseboard and electric heating, a basement, two bathrooms, and a deck. A shingle roof and public water and sewer complete the core improvements.
Set on 0.34 acres at 309 Columbia Avenue in Clarks Summit, the property provides paved off-street parking and a semi-private yard. R2 zoning supports its residential configuration, while the two-unit layout accommodates separate household arrangements within one building.
Set on 0.34 acres at 309 Columbia Avenue in Clarks Summit, the property provides paved off-street parking and a semi-private yard. R2 zoning supports its residential configuration, while the two-unit layout accommodates separate household arrangements within one building.
Key Highlights
- Two‑family property with 2,620 square feet of space
- Each unit offers a two- or three‑bedroom layout
- Built in 1980 with ranch architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,606
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,120
$432.1K
Cap Rate 7%
$308,657
$308.7K
Cap Rate 9%
$240,067
$240.1K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$33.0K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$30.9K $11.78/SF
− OpEx
−$9.3K −$3.53/SF
NOI
$21.6K $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 Rate 5%
$432,120
Cap Rate 7%
$308,657
Cap Rate 9%
$240,067
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.1K
NOI $21,606 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$288.5K
$252.5K – $336.6K
NOI $20,198 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$665.0K
$581.9K – $775.8K
NOI $46,550 @ 7.0% cap · market cap 14.78%
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
720
Businesses Nearby
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Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
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 - Ranch-style duplex with flexible bedroom layouts, paved off-street parking, and a semi-private yard.
Where is this duplex located?
The property is located at 309 Columbia Avenue Clarks Summit, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑family property with 2,620 square feet of space; Each unit offers a two- or three‑bedroom layout; Built in 1980 with ranch architectural style
