Duplex with 1-Car
For Sale
$229,000
514 Brook Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,200 SF
Lot Size0.08 Acres
Price / SF$104.09
Days on Market164
Property Features for 514 Brook Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Garage, On Street
Patio and Porch features
Porch, Deck
Interior features
Eat-in Kitchen
Basement
Storage Space, Unfinished
Lot features
City Lot, Cleared
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From C21 head northeast, then turn right onto W Drinker St and go 1 mile. Take the ramp onto I-81 S and travel 2.2 miles. Take Exit 185 to PA-3022 W (President Biden Expy), then the ramp to Cedar Ave. Continue on Cedar Ave, turn left on Birch St, right on Cedar Ave (US-11), then left on Brook St to 514 Brook St, Scranton.
Standard status
Active
APN
16707030038
Size
2,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
70X50 W-20 B-051 L-025A P-002
Tax Annual Amount
3519
Legal Description
70X50 W-20 B-051 L-025A P-002
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Tile, Wood
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Nicole Clark · License #RS325727
(570) 881-6443
Added: Mar 13
Changed: Aug 20
Last Checked: Aug 23 at 12:06PM
MLS# SC261023
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 duplex offers 2,200 square feet of living space on a 0.08-acre lot. The 1940-built property includes six bedrooms, two bathrooms, a basement, an eat-in kitchen, tile and wood flooring, and a one-car garage. A porch and deck add exterior utility, while parking is also available on the street.
The property is located in Scranton, Pennsylvania, within the 18505 postal area. Public water and public sewer serve the property. Heating is provided through electric and natural gas systems, and the zoning designation is R1.
The property is located in Scranton, Pennsylvania, within the 18505 postal area. Public water and public sewer serve the property. Heating is provided through electric and natural gas systems, and the zoning designation is R1.
Key Highlights
- Duplex with 2,200 square feet of living space
- 0.08‑acre lot with R1 zoning
- Six bedrooms and two bathrooms
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
7.92%
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 7.92%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
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
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Frequently Asked Questions
What type of property is this?
Duplex - R1-zoned property with public utilities, six bedrooms, two bathrooms, a porch, and a deck.
Where is this duplex located?
The property is located at 514 Brook Street Scranton, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex with 2,200 square feet of living space; 0.08‑acre lot with R1 zoning; Six bedrooms and two bathrooms
