Triplex With Rear
New
For Sale
$299,900
536 Broadway Street, Scranton, PA 18505
MULTI_FAMILY - Bungalow - Scranton, PA
Property Size1,178 SF
Lot Size0.17 Acres
Price / SF$254.58
Days on Market2
Property Features for 536 Broadway Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Parking features
Driveway, Garage, On Street, Alley, Off Street
Window features
Blinds
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Kitchen Island
Exterior features
Garden, Private Yard, Rain Gutters, Lighting
Basement
Full, Walk-Up Access, Walk-Out Access
Appliances
Dishwasher, Washer/Dryer, Refrigerator, Gas Range
Lot features
Back Yard, Rectangular Lot, Not In Development, Garden, Level, Landscaped, Front Yard
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Railroad Ave, make a right onto Broadway. House on the left. See sign.
Standard status
Active
APN
15640030002
Size
1,178 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50X145x50x150 Bldg & Land W-18 B-0030 L-0090 P-00700
Tax Annual Amount
2574
Legal Description
50X145x50x150 Bldg & Land W-18 B-0030 L-0090 P-00700
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Bungalow
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Jamie Marie Hape
(570) 903-6877
Added: Aug 10
Last Checked: Aug 11 at 5:06PM
MLS# SC263906
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 triplex property includes two dwellings on one lot. The front structure contains two residential units, while a single-family cottage occupies the rear of the parcel. The property was built in 1938 and measures 1178 square feet on 0.17 acres. Interior features include eat-in kitchens and a kitchen island, with vinyl and carpet flooring. Appliances include a dishwasher, washer/dryer, refrigerator, and gas range. Natural gas steam heat, window units, and ceiling fans serve the residences.
The parcel is zoned R1 and has public water and public sewer. Exterior elements include vinyl siding, shingle roofing, porches, rain gutters, lighting, a garden, and a private yard. Parking options include a garage, driveway, off-street and on-street parking, and alley access. Unit 2 is currently tenant occupied, and the tenant would like to remain. The property is located near highways and downtown Scranton.
The parcel is zoned R1 and has public water and public sewer. Exterior elements include vinyl siding, shingle roofing, porches, rain gutters, lighting, a garden, and a private yard. Parking options include a garage, driveway, off-street and on-street parking, and alley access. Unit 2 is currently tenant occupied, and the tenant would like to remain. The property is located near highways and downtown Scranton.
Key Highlights
- Front dwelling contains two units with a separate single‑family cottage in back
- 1178 square feet on a 0.17‑acre parcel
- R1 zoning with public water and public sewer
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
$9,715
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
3.24%
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%
$194,300
$194.3K
Cap Rate 7%
$138,786
$138.8K
Cap Rate 9%
$107,944
$107.9K
Market Conditions
NOI Build-Up for 1,178 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
$14.8K $12.60/SF
− Vacancy
−$965 −$0.82/SF
EGI
$13.9K $11.78/SF
− OpEx
−$4.2K −$3.53/SF
NOI
$9.7K $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 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%
$194,300
Cap Rate 7%
$138,786
Cap Rate 9%
$107,944
Alternative Uses
Best Use
Multifamily LT 5
$138.8K
$121.4K – $161.9K
NOI $9,715 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$129.7K
$113.5K – $151.4K
NOI $9,082 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$299.0K
$261.6K – $348.8K
NOI $20,930 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,528
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 - Two dwellings share an R1-zoned parcel with a front two-unit layout and a separate rear cottage.
Where is this triplex located?
The property is located at 536 Broadway Street Scranton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Front dwelling contains two units with a separate single‑family cottage in back; 1178 square feet on a 0.17‑acre parcel; R1 zoning with public water and public sewer
