Fully Leased
For Sale
$599,900
430-432 Taylor Avenue, Scranton, PA 18510
Two-unit residential property near the University of Scranton with occupancy secured for the 2026–2027 academic year.
Property Size3,724 SF
Days on Market96
Property Features for 430-432 Taylor Avenue
General Information
Standard status
Active
Size
3,724 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,770
Building Details
Building Size
3,724 SF
Year Built
1945
Listing Agency:
Christian Saunders Real Estate
(570) 947-3292
Listed By:
Christian Saunders · License #RM424906
Source:
Luxehomesnepa
Added: May 1
Changed: Aug 4
Last Checked: Aug 4 at 4:37AM
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 Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
Built in 1945, this duplex comprises two residential units with four bathrooms and spacious shared living areas. The property is currently occupied, with leases executed for the 2026–2027 academic year. Its established student-housing use and documented history of full occupancy support continuity for an income-property owner.
The property is located near the University of Scranton, downtown Scranton, and neighborhood amenities. Its proximity to the university campus places both units within the surrounding student-housing market.
The property is located near the University of Scranton, downtown Scranton, and neighborhood amenities. Its proximity to the university campus places both units within the surrounding student-housing market.
Key Highlights
- Two‑unit duplex built in 1945
- Four bathrooms across the property
- Leases signed for the 2026–2027 academic year
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $12.60 |
| − Vacancy | −$3.0k | −$0.82 |
| EGI | $43.9k | $11.78 |
| − OpEx | −$13.2k | −$3.53 |
| NOI | $30.7k | $8.25 |
3,724 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.7K
$383.9K – $511.9K
NOI $30,711 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$410.1K
$358.9K – $478.5K
NOI $28,710 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$945.2K
$827.1K – $1.10M
NOI $66,165 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property near the University of Scranton with occupancy secured for the 2026–2027 academic year.
Where is this duplex located?
The property is located at 430-432 Taylor Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1945; Four bathrooms across the property; Leases signed for the 2026–2027 academic year
