Updated
For Sale
$344,000
618 Maple Street, Scranton, PA 18505
Separate utilities serve each unit, complemented by a large backyard with green space.
Property Size3,704 SF
Days on Market8
Property Features for 618 Maple Street
General Information
Standard status
Active
Size
3,704 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR, 1 x 3BR, 1 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,885
Amenities
backyard
Building Details
Building Size
3,704 SF
Year Built
1945
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 880-8286
Listed By:
Mark Scrimalli · License #RS353478
Source:
Luxehomesnepa
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 5:39AM
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 Iron Valley Real Estate Greater Scranton
Investment Insights
Based on property information with market context.
This triplex contains three residential units with a varied bedroom mix: one 4-bedroom unit, one 3-bedroom unit, and one 2-bedroom unit. The property was built in 1945 and has received recent updates. Separate utilities are provided for each unit, supporting distinct occupancy arrangements and simpler operating administration.
Located at 618 Maple Street in Scranton, Pennsylvania, the property includes a large backyard with green space. The combination of three units, differentiated floor plans, and outdoor area provides a practical multifamily configuration for an investor or owner-occupant.
Located at 618 Maple Street in Scranton, Pennsylvania, the property includes a large backyard with green space. The combination of three units, differentiated floor plans, and outdoor area provides a practical multifamily configuration for an investor or owner-occupant.
Key Highlights
- Three‑unit property with one 4‑bedroom, one 3‑bedroom, and one 2‑bedroom unit
- Recent updates completed throughout the property
- Separate utilities provided for each unit
Financial Insights For Multifamily LT 5
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 | $46.7k | $12.60 |
| − Vacancy | −$3.0k | −$0.82 |
| EGI | $43.6k | $11.78 |
| − OpEx | −$13.1k | −$3.53 |
| NOI | $30.5k | $8.25 |
3,704 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.8K – $509.1K
NOI $30,546 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$407.9K
$356.9K – $475.9K
NOI $28,555 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$940.1K
$822.6K – $1.10M
NOI $65,810 @ 7.0% cap · market cap 19.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
104
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?
Triplex - Separate utilities serve each unit, complemented by a large backyard with green space.
Where is this triplex located?
The property is located at 618 Maple Street Scranton, PA.
What is the asking price?
The asking price for this property is $344,000.
What are key features of this property?
This property features: Three‑unit property with one 4‑bedroom, one 3‑bedroom, and one 2‑bedroom unit; Recent updates completed throughout the property; Separate utilities provided for each unit
