Duplex with Separate
For Sale
$359,000
328-330 15th Avenue, Scranton, PA 18504
Each residence has independent gas, electric, and water metering.
Property Size2,471 SF
Days on Market45
Property Features for 328-330 15th Avenue
General Information
Standard status
Active
Size
2,471 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,411
Amenities
gazebo
garden areas
Building Details
Building Size
2,471 SF
Year Built
1930
Buildings
1
Listing Agency:
Iron Valley Real Estate Greater Scranton
Listed By:
Lizbeth Vaquero · License #RS355766
(570) 309-1334
Source:
Luxehomesnepa
Added: Sep 3
Changed: Oct 15
Last Checked: Oct 16 at 5:13PM
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 Greater Scranton
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Investment Insights
Based on property information with market context.
Built in 1930, this two-unit property has two bedrooms and two bathrooms on each side, along with main-floor laundry. Hardwood flooring, newer carpeting, fresh paint, and attic storage are among the interior features. One unit also includes finished lower-level space and an additional bathroom.
The property includes a landscaped backyard with garden areas and a gazebo, plus a separate parcel measuring approximately 50x100 with its own driveway. Its West Scranton setting is near a high school and middle school, with access to major highways.
The property includes a landscaped backyard with garden areas and a gazebo, plus a separate parcel measuring approximately 50x100 with its own driveway. Its West Scranton setting is near a high school and middle school, with access to major highways.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- Separate gas, electric, and water meters for each unit
- One unit includes finished lower‑level space and an additional bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,378
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,560
$407.6K
Cap Rate 7%
$291,114
$291.1K
Cap Rate 9%
$226,422
$226.4K
Market Conditions
NOI Build-Up for 2,471 SF
Gross rent
$31.1K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.1K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.4K $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%
$407,560
Cap Rate 7%
$291,114
Cap Rate 9%
$226,422
Alternative Uses
Best Use
Multifamily LT 5
$291.1K
$254.7K – $339.6K
NOI $20,378 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$272.1K
$238.1K – $317.5K
NOI $19,050 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$627.2K
$548.8K – $731.7K
NOI $43,903 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent gas, electric, and water metering.
Where is this duplex located?
The property is located at 328-330 15th Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; Separate gas, electric, and water meters for each unit; One unit includes finished lower‑level space and an additional bathroom
