Three-Unit Triplex with Separate
For Sale
$289,900
Pending
433 Willow Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,200 SF
Lot Size0.15 Acres
Days on Market107
Property Features for 433 Willow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch, Patio
Interior features
Eat-in Kitchen
Basement
Unfinished, Full
Appliances
Dishwasher, Refrigerator, Electric Oven
Lot features
Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Scranton, follow Pittston Avenue to right on Willow.
Standard status
Pending
APN
15615030032
Size
2,200 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X162 Li&C Town Plot L 17 B 3 W-11 B-006 L-010 P-021
Tax Annual Amount
5152
Legal Description
40X162 Li&C Town Plot L 17 B 3 W-11 B-006 L-010 P-021
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: May 15
Changed: Aug 19
Last Checked: Aug 29 at 2:06AM
MLS# SC262222
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 three-unit triplex at 433 Willow Street in Scranton offers a straightforward mix of occupied and owner-occupant flexibility. Two units are currently rented, while one unit is vacant. The property’s utilities have been updated and separated, providing separate utilities for each unit, and includes two newer water heaters. Inside, the home features an eat-in kitchen, with tile and wood flooring throughout.
The property totals 2,200 square feet on a 0.15-acre lot. Built in 1940, the exterior is stucco with a shingle roof. Heating is electric and natural gas, and appliances include a dishwasher, refrigerator, and electric oven. Water service is public and sewer is public sewer. Parking is available on-street, with a porch and patio for outdoor space.
For tenants, the configuration supports multiple-bedroom layouts and multiple bathrooms across the three units, making it useful for a range of household sizes.
The property totals 2,200 square feet on a 0.15-acre lot. Built in 1940, the exterior is stucco with a shingle roof. Heating is electric and natural gas, and appliances include a dishwasher, refrigerator, and electric oven. Water service is public and sewer is public sewer. Parking is available on-street, with a porch and patio for outdoor space.
For tenants, the configuration supports multiple-bedroom layouts and multiple bathrooms across the three units, making it useful for a range of household sizes.
Key Highlights
- Two units currently rented and one unit vacant
- Updated, separated utilities for each unit plus two newer water heaters
- 2,200 square feet total living area on 0.15‑acre lot
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
$18,143
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
6.26%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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
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?
Triplex - Well-maintained triplex with separate utilities and two currently rented units, plus one vacant unit.
Where is this triplex located?
The property is located at 433 Willow Street 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: Two units currently rented and one unit vacant; Updated, separated utilities for each unit plus two newer water heaters; 2,200 square feet total living area on 0.15‑acre lot
