Two-Unit Residential Income
For Sale
$139,000
545 Hickory Street, Scranton, PA 18505
MULTI_FAMILY - Other - Scranton, PA
Property Size1,600 SF
Lot Size0.05 Acres
Price / SF$86.88
Days on Market11
Property Features for 545 Hickory Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Off Street, On Street
Basement
Full
Appliances
Dishwasher, Washer/Dryer, Refrigerator, Gas Water Heater, Electric Range, Electric Oven
Lot features
Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Pittston Ave to right on Hickory- house on left
Standard status
Active
APN
15616040066
Size
1,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
45X45 W-19 B-001 L-015B P-019
Tax Annual Amount
2775
Legal Description
45X45 W-19 B-001 L-015B P-019
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate, Hardwood
Building materials
Stone, Stucco
Roof type
Composition
Architectural style
Other
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Connie L Seagraves
(570) 983-7434
Added: Jul 22
Changed: Jul 28
Last Checked: Aug 1 at 9:06AM
MLS# SC263617
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 two-unit residential income property includes a remodeled studio on the first floor and a one-bedroom apartment upstairs. The first-floor unit has its own electric and the home has a furnace, with landlord-paid electric for the first floor plus heat, sewer, and water as noted in the remarks. The second-floor apartment has separate electric and is described as having a full bath, a newer kitchen, and an ample living room.
The property is zoned R-2, and the remarks state that approval from zoning would be required for small, low-traffic business uses. Parking is available on the side of the building and along the street, and showings require 24-hour notice. Weekends are available any time, with Monday through Friday after 5:00 p.m., and occupants are asked to knock prior to entering.
Information is approximate and not warranted or guaranteed.
The property is zoned R-2, and the remarks state that approval from zoning would be required for small, low-traffic business uses. Parking is available on the side of the building and along the street, and showings require 24-hour notice. Weekends are available any time, with Monday through Friday after 5:00 p.m., and occupants are asked to knock prior to entering.
Information is approximate and not warranted or guaranteed.
Key Highlights
- Remodeled 1st‑floor studio plus 1‑bedroom apartment upstairs in a building built in 1930
- Two full baths, including Bathroom 1 and Bathroom 2, with Bedrooms 1 and Bedroom 2
- Appliances include dishwasher, washer/dryer, refrigerator, electric range, and electric oven; gas water heater
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $14.88 |
| − Vacancy | −$1.4k | −$0.86 |
| EGI | $22.4k | $14.02 |
| − OpEx | −$10.1k | −$6.31 |
| NOI | $12.3k | $7.71 |
1,600 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
891
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 - Remodeled studio on the first floor and a one-bedroom apartment with washer/dryer on the second floor.
Where is this duplex located?
The property is located at 545 Hickory Street 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: Remodeled 1st‑floor studio plus 1‑bedroom apartment upstairs in a building built in 1930; Two full baths, including Bathroom 1 and Bathroom 2, with Bedrooms 1 and Bedroom 2; Appliances include dishwasher, washer/dryer, refrigerator, electric range, and electric oven; gas water heater
