South Scranton Triplex Investment
For Sale
$289,900
433 Willow St, Scranton, PA 18505
Well-maintained three-unit property in South Scranton with updated utilities.
Property Size2,200 SF
Price / SF$131.77
Days on Market142
Property Features for 433 Willow St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
ERA One Source Realty
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Source:
Revolvepa
Added: May 27
Changed: Sep 14
Last Checked: Oct 5 at 9:08PM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
Located in the heart of South Scranton, this well-maintained three-unit property presents a significant investment opportunity. The property features updated and separated utilities, offering convenience and efficiency with separate utilities for each unit. Two units are currently rented, providing immediate income. One vacant unit offers an opportunity for an owner-occupant or additional rental income. Updated utilities throughout include two newer water heaters. The property has been well cared for over the years. The building has a residential area of 2,010 square feet. The property is conveniently located close to shopping, restaurants, schools, and downtown Scranton. The property size is 2,200 square feet.
Key Highlights
- Separated Utilities: Each unit has its own utilities.
- Income Potential: Two units are currently rented, providing immediate income.
- Owner‑Occupant Opportunity: One vacant unit allows for immediate occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,143
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,860
$362.9K
Cap Rate 7%
$259,186
$259.2K
Cap Rate 9%
$201,589
$201.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$27.7K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$25.9K $11.78/SF
− OpEx
−$7.8K −$3.53/SF
NOI
$18.1K $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%
$362,860
Cap Rate 7%
$259,186
Cap Rate 9%
$201,589
Alternative Uses
Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K
NOI $18,143 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Check the figures for this property
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?
Triplex - Well-maintained three-unit property in South Scranton with updated utilities.
Where is this triplex located?
The property is located at 433 Willow St Scranton, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Separated Utilities: Each unit has its own utilities.; Income Potential: Two units are currently rented, providing immediate income.; Owner‑Occupant Opportunity: One vacant unit allows for immediate occupancy.
