Remodeled Duplex with
For Sale
$139,000
545 Hickory St, Scranton, PA 18505
Two-level duplex with a studio, one-bedroom apartment, separate electric upstairs, and on-site parking.
Property Size1,600 SF
Price / SF$86.88
Days on Market68
Property Features for 545 Hickory St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Zoning
R-2
Units
Unit Mix
1 x studio, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
Connie L Seagraves · License #RS321648
(570) 983-7434
Source:
Revolvepa
Added: Aug 9
Changed: Sep 18
Last Checked: Oct 5 at 10:57PM
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
Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex, built in 1930, includes a remodeled studio on the first floor and a one-bedroom apartment above. The upper unit has a full bathroom, washer and dryer, newer kitchen, and generous living room. The property previously operated as a law office. First-floor electric, furnace service, heat, sewer, and water are paid by the landlord, while the second floor has separate electric.
Zoned R-2, the building includes parking along the side and additional street parking. Zoning approval would be required for a small, low-traffic business use. Showings require 24-hour notice; weekday appointments are available after 5 p.m., with weekend access available anytime.
Zoned R-2, the building includes parking along the side and additional street parking. Zoning approval would be required for a small, low-traffic business use. Showings require 24-hour notice; weekday appointments are available after 5 p.m., with weekend access available anytime.
Key Highlights
- 1,600 SF duplex built in 1930
- First‑floor remodeled studio and upstairs 1 bedroom apartment
- Upper unit includes full bath, washer/dryer, newer kitchen, and ample living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,335
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,700
$246.7K
Cap Rate 7%
$176,214
$176.2K
Cap Rate 9%
$137,056
$137.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$23.8K $14.88/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$22.4K $14.02/SF
− OpEx
−$10.1K −$6.31/SF
NOI
$12.3K $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%
$246,700
Cap Rate 7%
$176,214
Cap Rate 9%
$137,056
Alternative Uses
Best Use
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,428 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,340
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with a studio, one-bedroom apartment, separate electric upstairs, and on-site parking.
Where is this duplex located?
The property is located at 545 Hickory St Scranton, PA.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 1,600 SF duplex built in 1930; First‑floor remodeled studio and upstairs 1 bedroom apartment; Upper unit includes full bath, washer/dryer, newer kitchen, and ample living room
