Duplex with Three-Car
For Sale
$379,000
521 Pear Street, Scranton, PA 18505
Updated windows, ductless climate control on both levels, and new upper-floor appliances complement the residence.
Property Size2,390 SF
Days on Market11
Property Features for 521 Pear Street
General Information
Standard status
Active
Size
2,390 SF
Total Parking Spaces
3
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,445
Building Details
Building Size
2,390 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
Connie L Seagraves · License #RS321648
(570) 983-7434
Source:
Luxehomesnepa
Added: Oct 23
Changed: Oct 31
Last Checked: Nov 1 at 2:07PM
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 C21 Jack Ruddy Real Estate
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Investment Insights
Based on property information with market context.
This 2,390-square-foot duplex includes a three-car concrete garage with a paved alley entrance. The home’s roof is less than 10 years old, and all windows have been replaced. Ductless mini-split units serve both floors, with a Rinnai on-demand water heater and new appliances upstairs. The property has been occupied by family; no rental history is available.
The garage has a new roof and new doors, with gas and plumbing in place for additional use.
The garage has a new roof and new doors, with gas and plumbing in place for additional use.
Key Highlights
- 2,390‑square‑foot duplex
- Three‑car concrete garage with paved alley access
- Home roof is less than 10 years old; garage roof and garage doors are new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,710
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,200
$394.2K
Cap Rate 7%
$281,571
$281.6K
Cap Rate 9%
$219,000
$219.0K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$30.1K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.2K $11.78/SF
− OpEx
−$8.4K −$3.53/SF
NOI
$19.7K $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%
$394,200
Cap Rate 7%
$281,571
Cap Rate 9%
$219,000
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,710 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$263.2K
$230.3K – $307.1K
NOI $18,425 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,464 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
547
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated windows, ductless climate control on both levels, and new upper-floor appliances complement the residence.
Where is this duplex located?
The property is located at 521 Pear Street Scranton, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2,390‑square‑foot duplex; Three‑car concrete garage with paved alley access; Home roof is less than 10 years old; garage roof and garage doors are new
