626 628 Electric Street Scranton, PA 18509
MULTI_FAMILY - Other - Scranton, PA
Property Features for 626 628 Electric Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
- Parking features
- Off Street
- Window features
- Double Pane Windows
- Basement
- Storage Space
- Standard status
- Pending
- APN
- 13513030047
- Size
- 1,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 55X50 W-23 B-013 L-007A P-007
- Tax Annual Amount
- 3406
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Thomas Exeter License #RS353357 (570) 499-3333
Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA (800) 372-4222
Listing date May 28, 2026
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.
Key Highlights
- 2‑unit property with both units offering 2‑bedroom layouts
- Separate gas and electric utilities, with tenants paying their own bills
- Public water and public sewer service
Local 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 | $22.7k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $21.2k | $11.78 |
| − OpEx | −$6.4k | −$3.53 |
| NOI | $14.8k | $8.25 |
