Three-Unit Property with Front
For Sale
$289,000
409 S Main Ave, Scranton, PA 18504
Established rental property with a welcoming porch and convenient access to shopping, dining, transit, and neighborhood services.
Property Size3,300 SF
Price / SF$87.58
Days on Market66
Property Features for 409 S Main Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$274
Listing Agency:
SIX PM LLC
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Source:
Exprealty
Added: Aug 11
Changed: Oct 13
Last Checked: Oct 14 at 11:42PM
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 SIX PM LLC
Investment Insights
Based on property information with market context.
This three-unit residential income property contains 3,300 square feet and includes a front porch at the entrance. The building has an established rental use and is positioned on S Main Avenue in West Scranton.
The property is within convenient reach of shopping, dining, public transportation, and other local establishments. Its Scranton address is 409 S Main Ave, Scranton, PA 18504.
The property is within convenient reach of shopping, dining, public transportation, and other local establishments. Its Scranton address is 409 S Main Ave, Scranton, PA 18504.
Key Highlights
- Triplex with 3,300 square feet of building area
- Front porch provides a defined entrance feature
- Established rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,441
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,820
$508.8K
Cap Rate 7%
$363,443
$363.4K
Cap Rate 9%
$282,678
$282.7K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$49.1K $14.88/SF
− Vacancy
−$2.8K −$0.86/SF
EGI
$46.3K $14.02/SF
− OpEx
−$20.8K −$6.31/SF
NOI
$25.4K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,820
Cap Rate 7%
$363,443
Cap Rate 9%
$282,678
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,214 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$363.4K
$318.0K – $424.0K
NOI $25,441 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$837.6K
$732.9K – $977.2K
NOI $58,632 @ 7.0% cap · market cap 20.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,712
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Established rental property with a welcoming porch and convenient access to shopping, dining, transit, and neighborhood services.
Where is this triplex located?
The property is located at 409 S Main Ave Scranton, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Triplex with 3,300 square feet of building area; Front porch provides a defined entrance feature; Established rental use
