Brick Duplex with Separate
542-544 544 E Elm Street, Scranton, PA 18505
For Sale
New
$185,000
Residential Income, Scranton, PA
Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$88.10
Days on Market2
Property Features for 542-544 544 E Elm Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Basement
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
ROBERT REDGIL · License PA RS281384
(570) 561-3868
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 6:06PM
MLS# SC265719
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,100-square-foot brick duplex contains two units, each with two bedrooms. Utilities are separately metered, and both units use natural gas heat. One unit is vacant; the other tenant is expected to move out shortly. The property was built in 1925 and has a porch, carpet and laminate flooring, and window-unit cooling.
Set on a 0.1-acre lot in Scranton, the property is within the south-side commercial area and a short distance from the central city. Public water and sewer serve the building. Parking is available on the street.
Set on a 0.1-acre lot in Scranton, the property is within the south-side commercial area and a short distance from the central city. Public water and sewer serve the building. Parking is available on the street.
Key Highlights
- Two 2‑bedroom units in a 2,100‑square‑foot brick duplex
- Separate utilities, with natural gas heat
- One unit is vacant; the tenant in the other unit is preparing to leave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,190
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,800
$323.8K
Cap Rate 7%
$231,286
$231.3K
Cap Rate 9%
$179,889
$179.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$31.2K $14.88/SF
− Vacancy
−$1.8K −$0.86/SF
EGI
$29.4K $14.02/SF
− OpEx
−$13.2K −$6.31/SF
NOI
$16.2K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,800
Cap Rate 7%
$231,286
Cap Rate 9%
$179,889
Alternative Uses
Best Use
Multifamily LT 5
$247.4K
$216.5K – $288.6K
NOI $17,318 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$533.0K
$466.4K – $621.9K
NOI $37,311 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
961
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
$139,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Scranton, PA
Properties on Market for Duplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units have independent utilities and natural gas heat.
Where is this duplex located?
The property is located at 542-544 544 E Elm Street Scranton, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a 2,100‑square‑foot brick duplex; Separate utilities, with natural gas heat; One unit is vacant; the tenant in the other unit is preparing to leave
