Duplex With Oversized
For Sale
$199,995
Pending
430 13th Avenue, Scranton, PA 18504
Separately metered utilities, a substantial yard, and a large garage support flexible residential use.
Property Size2,100 SF
Days on Market56
Property Features for 430 13th Avenue
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,524
Amenities
large yard
garage
Building Details
Building Size
2,100 SF
Year Built
1940
Buildings
1
Listing Agency:
The Hub Real Estate Group Scranton
Listed By:
Pat Rogan · License #RS329526
(570) 489-2563
Source:
Luxehomesnepa
Added: Aug 13
Changed: Sep 28
Last Checked: Oct 6 at 12:12AM
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 The Hub Real Estate Group Scranton
Investment Insights
Based on property information with market context.
This duplex includes two generously proportioned apartments with approximately 2,100 of total property size. Separate utility metering serves each unit, while the property includes a large yard and an oversized garage. The garage provides room for parking, storage, or workspace, adding functional flexibility to the improvements.
Located at 430 13th Ave in Scranton, PA, the property combines distinct apartment spaces with substantial outdoor and garage areas. Its maintained condition and separately metered utilities provide practical features for continued residential occupancy.
Located at 430 13th Ave in Scranton, PA, the property combines distinct apartment spaces with substantial outdoor and garage areas. Its maintained condition and separately metered utilities provide practical features for continued residential occupancy.
Key Highlights
- Two‑unit duplex with oversized apartments
- Separate utility metering for each unit
- Approximately 2,100 total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,318
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,360
$346.4K
Cap Rate 7%
$247,400
$247.4K
Cap Rate 9%
$192,422
$192.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$26.5K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$24.7K $11.78/SF
− OpEx
−$7.4K −$3.53/SF
NOI
$17.3K $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%
$346,360
Cap Rate 7%
$247,400
Cap Rate 9%
$192,422
Alternative Uses
Best Use
Multifamily LT 5
$247.4K
$216.5K – $288.6K
NOI $17,318 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$533.0K
$466.4K – $621.9K
NOI $37,311 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
740
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separately metered utilities, a substantial yard, and a large garage support flexible residential use.
Where is this duplex located?
The property is located at 430 13th Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $199,995.
What are key features of this property?
This property features: Two‑unit duplex with oversized apartments; Separate utility metering for each unit; Approximately 2,100 total property size
