Two-Unit
For Sale
$239,000
Pending
614 Boulevard Avenue, Scranton, PA 18519
Residential Income, Scranton, PA
Property Size1,866 SF
Lot Size0.38 Acres
Days on Market109
Property Features for 614 Boulevard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Basement
Walk-Out Access, Unfinished, Interior Entry, Concrete
Lot features
Back Yard, Level, Garden
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
North on Main St. to Dickson corners, right onto Boulevard Ave. The property is on the left.
Standard status
Pending
APN
12408040051
Size
1,866 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X212x41x208 W-01 B-0110 L-0020 P-00000
Tax Annual Amount
1875
Legal Description
40X212x41x208 W-01 B-0110 L-0020 P-00000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Water front features
River Access
Water front
1
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Vinyl
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
Robert J Vanston · License #RM046573A
(570) 840-0152
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 15 at 4:06AM
MLS# SC263248
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.
Built in 1930, this 1,866-square-foot duplex contains two residential units with distinct layouts. One side has six rooms, three bedrooms, and one bathroom; the other includes five rooms, two bedrooms, and one bathroom. Each unit has its own electric service and gas furnace, while water, sewer, and gas are combined on one bill. Interior features include an eat-in kitchen, wood, carpet, and vinyl flooring, plus a basement and porch.
The 0.38-acre parcel extends over 200 feet and includes access to the Lackawanna River. The property is served by public water and public sewer, carries R2 zoning, and offers on-street parking. A public park is within walking distance, and the address is in Scranton, Pennsylvania.
The 0.38-acre parcel extends over 200 feet and includes access to the Lackawanna River. The property is served by public water and public sewer, carries R2 zoning, and offers on-street parking. A public park is within walking distance, and the address is in Scranton, Pennsylvania.
Key Highlights
- Two residential units totaling 1,866 square feet
- Unit layouts include 3 bedrooms and 1 bathroom on one side, plus 2 bedrooms and 1 bathroom on the other
- Separate electric service and 2 gas furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,388
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,760
$307.8K
Cap Rate 7%
$219,829
$219.8K
Cap Rate 9%
$170,978
$171.0K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$23.5K $12.60/SF
− Vacancy
−$1.5K −$0.82/SF
EGI
$22.0K $11.78/SF
− OpEx
−$6.6K −$3.53/SF
NOI
$15.4K $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%
$307,760
Cap Rate 7%
$219,829
Cap Rate 9%
$170,978
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.4K – $256.5K
NOI $15,388 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,154 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
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 - Separate heating and electric service support the property's two residential units.
Where is this duplex located?
The property is located at 614 Boulevard Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two residential units totaling 1,866 square feet; Unit layouts include 3 bedrooms and 1 bathroom on one side, plus 2 bedrooms and 1 bathroom on the other; Separate electric service and 2 gas furnaces
