Duplex with Separate Electric
427 Powell Avenue, Clarks Summit, PA 18411
For Sale
New
$230,000
Residential Income, Clarks Summit, PA
Property Size1,464 SF
Lot Size0.19 Acres
Price / SF$157.10
Days on Market7
Property Features for 427 Powell Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
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Parking
Parking features
Patio and Porch features
Interior features
Basement
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
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Tax Annual Amount
Legal Description
Utilities
Sewer type
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Building Details
Year built
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Number of units
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Buildings
Listing Agency:
O BOYLE REAL ESTATE LLC
Listed By:
Christopher O'Boyle · License PA RM424350
(570) 586-2911
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# SC265671
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 1,464-square-foot duplex was built in 1940 and sits on a 0.19-acre corner lot. Improvements include replacement windows, vinyl siding, two electric meters, and a furnace installed in 2025. A generator serves the first-floor apartment, while the upper apartment has a rear deck.
The property is near Clarks Summit Elementary School and the town center. It is zoned Town Mixed Res and has public water and sewer service.
The property is near Clarks Summit Elementary School and the town center. It is zoned Town Mixed Res and has public water and sewer service.
Key Highlights
- Duplex with two electric meters
- 1,464 square feet on a 0.19‑acre corner lot
- Furnace installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,073
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,460
$241.5K
Cap Rate 7%
$172,471
$172.5K
Cap Rate 9%
$134,144
$134.1K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$18.4K $12.60/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$17.2K $11.78/SF
− OpEx
−$5.2K −$3.53/SF
NOI
$12.1K $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%
$241,460
Cap Rate 7%
$172,471
Cap Rate 9%
$134,144
Alternative Uses
Best Use
Multifamily LT 5
$172.5K
$150.9K – $201.2K
NOI $12,073 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$161.2K
$141.1K – $188.1K
NOI $11,286 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 11.31%
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
915
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
$274,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lackawanna County, PA
Properties on Market for Duplexes in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes a generator serving the first-floor apartment and a rear deck for the upper apartment.
Where is this duplex located?
The property is located at 427 Powell Avenue Clarks Summit, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex with two electric meters; 1,464 square feet on a 0.19‑acre corner lot; Furnace installed in 2025
