Duplex with Separate
For Sale
$249,000
414 416 S Edwards Court, Scranton, PA 18504
MULTI_FAMILY - Scranton, PA
Property Size1,800 SF
Lot Size0.05 Acres
Price / SF$138.33
Days on Market333
Property Features for 414 416 S Edwards Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Luzerne St to left on Edwards Ct.
Standard status
Active
APN
15606040007
Size
1,800 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
35X65 J Heermans Map Ptl 3 & 4 B 5 W-15 B-016 L-019C P-006
Tax Annual Amount
1780
Legal Description
35X65 J Heermans Map Ptl 3 & 4 B 5 W-15 B-016 L-019C P-006
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
The Adriana Jez Team · License #263277
(570) 799-9235
Added: Sep 26, 2025
Changed: Aug 4
Last Checked: Aug 24 at 12:06AM
MLS# SC255005
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 two-unit duplex at 414 416 S Edwards Court in Scranton offers separate utilities for each unit, supporting convenience and day-to-day ease of management. The property is zoned R1 and was built in 1930.
The lot size is 0.05 acres, and the property size is 1,800 square feet. The home includes multiple bedrooms and bathrooms across the two units. With its position in a residential area, it is described as being close to shopping, dining, and schools.
Zoning R1 and the two-unit layout with separate utilities may appeal to both owner-occupants and investors looking for straightforward unit separation within a small-footprint duplex.
The lot size is 0.05 acres, and the property size is 1,800 square feet. The home includes multiple bedrooms and bathrooms across the two units. With its position in a residential area, it is described as being close to shopping, dining, and schools.
Zoning R1 and the two-unit layout with separate utilities may appeal to both owner-occupants and investors looking for straightforward unit separation within a small-footprint duplex.
Key Highlights
- Two‑unit duplex with separate utilities for each unit
- 0.05‑acre lot size
- 1,800 square feet total property size
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
$14,844
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
5.96%
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%
$296,880
$296.9K
Cap Rate 7%
$212,057
$212.1K
Cap Rate 9%
$164,933
$164.9K
Market Conditions
NOI Build-Up for 1,800 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
$22.7K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$21.2K $11.78/SF
− OpEx
−$6.4K −$3.53/SF
NOI
$14.8K $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 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%
$296,880
Cap Rate 7%
$212,057
Cap Rate 9%
$164,933
Alternative Uses
Best Use
Multifamily LT 5
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$198.2K
$173.5K – $231.3K
NOI $13,877 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
955
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with separate utilities on a 0.05-acre lot, zoned R1 and built in 1930.
Where is this duplex located?
The property is located at 414 416 S Edwards Court Scranton, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities for each unit; 0.05‑acre lot size; 1,800 square feet total property size
