Duplex with Separate
For Sale
$239,900
Pending
310 312 14th Avenue, Scranton, PA 18504
Two-unit property with updated mechanical systems and flexible owner-occupant or rental use.
Property Size2,400 SF
Days on Market51
Property Features for 310 312 14th Avenue
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,091
Building Details
Building Size
2,400 SF
Year Built
1935
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
Kristin Baun · License #RS356497
(570) 290-5552
Source:
Luxehomesnepa
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 1 at 3:04PM
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.
This duplex at 310 312 14th Avenue includes two separate units supported by individual utilities. Recent improvements include a new roof, new furnaces, and new water heaters, providing updated core building systems within a property constructed in 1935.
The layout supports several ownership approaches expressly suited to the two-unit format: occupy one residence while renting the other, lease both units, or use the property as an addition to a rental portfolio. A potential 10.5 CAP rate is also identified for the property.
The layout supports several ownership approaches expressly suited to the two-unit format: occupy one residence while renting the other, lease both units, or use the property as an addition to a rental portfolio. A potential 10.5 CAP rate is also identified for the property.
Key Highlights
- Duplex with two separate units
- Separate utilities for each unit
- New roof, furnaces, and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,792
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,840
$395.8K
Cap Rate 7%
$282,743
$282.7K
Cap Rate 9%
$219,911
$219.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$30.2K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.3K $11.78/SF
− OpEx
−$8.5K −$3.53/SF
NOI
$19.8K $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%
$395,840
Cap Rate 7%
$282,743
Cap Rate 9%
$219,911
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,502 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$609.2K
$533.0K – $710.7K
NOI $42,642 @ 7.0% cap · market cap 17.77%
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
742
Businesses Nearby
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Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
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 - Two-unit property with updated mechanical systems and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 310 312 14th Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex with two separate units; Separate utilities for each unit; New roof, furnaces, and water heaters
