Two-Unit Duplex with Rear
615 Larch Street, Dunmore, PA 18509
For Sale
New
$230,000
Residential Income, Dunmore, PA
Property Size1,763 SF
Lot Size0.04 Acres
Price / SF$130.46
Days on Market1
Property Features for 615 Larch Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Basement
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
Water source
Amenities
storage
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Alexsis McGhee · License PA RS366599
(570) 520-8867
Added: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# SC265687
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.
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Investment Insights
Based on property information with market context.
This 1,763-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Separate gas, water, and electric service serves each side. The property was built in 1940 and sits on a 0.04-acre lot. Heating is electric, with public water and public sewer.
Rear parking and storage are part of the property. One side is vacant and available to show at any time. The duplex is zoned R1 and is located in Dunmore, Pennsylvania.
Rear parking and storage are part of the property. One side is vacant and available to show at any time. The duplex is zoned R1 and is located in Dunmore, Pennsylvania.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,763 square feet on a 0.04‑acre lot
- Separate gas, water, and electric service for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,539
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,780
$290.8K
Cap Rate 7%
$207,700
$207.7K
Cap Rate 9%
$161,544
$161.5K
Market Conditions
NOI Build-Up for 1,763 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.8K $11.78/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.5K $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%
$290,780
Cap Rate 7%
$207,700
Cap Rate 9%
$161,544
Alternative Uses
Best Use
Multifamily LT 5
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$447.5K
$391.6K – $522.1K
NOI $31,324 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lackawanna County, PA
Properties on Market for Duplexes in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and separate gas, water, and electric service.
Where is this duplex located?
The property is located at 615 Larch Street Dunmore, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,763 square feet on a 0.04‑acre lot; Separate gas, water, and electric service for each side
