Renovated
For Sale
$339,999
636-638 N N Sumner Avenue, Scranton, PA 18504
Updated two-unit property with separate utilities, a fenced yard, and rear off-street parking.
Property Size2,515 SF
Days on Market60
Property Features for 636-638 N N Sumner Avenue
General Information
Standard status
Active
Size
2,515 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,018
Amenities
fenced-in yard
Building Details
Building Size
2,515 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Christian Saunders Real Estate C.S. Branch
Listed By:
Rita Tischler · License #RS346646
(570) 885-5889
Source:
Luxehomesnepa
Added: Jul 24
Changed: Sep 15
Last Checked: Sep 20 at 12:22PM
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 Christian Saunders Real Estate C.S. Branch
Investment Insights
Based on property information with market context.
Built in 1930, this renovated duplex offers matching layouts across both units. Each side includes three bedrooms, two updated baths, refreshed interiors, durable finishes, and updated mechanical systems. The configuration provides consistent features throughout while keeping the property straightforward to operate.
Both units have separate utilities, with tenants responsible for utility costs. Exterior features include a fenced yard, rear off-street parking, and well-maintained outdoor areas. The property is located at 636-638 N N Sumner Avenue in Scranton, Pennsylvania.
Both units have separate utilities, with tenants responsible for utility costs. Exterior features include a fenced yard, rear off-street parking, and well-maintained outdoor areas. The property is located at 636-638 N N Sumner Avenue in Scranton, Pennsylvania.
Key Highlights
- Two‑unit duplex with matching layouts
- Each unit includes 3 bedrooms and 2 updated baths
- Renovated interiors with updated mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,740
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,800
$414.8K
Cap Rate 7%
$296,286
$296.3K
Cap Rate 9%
$230,444
$230.4K
Market Conditions
NOI Build-Up for 2,515 SF
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.
Gross rent
$31.7K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$29.6K $11.78/SF
− OpEx
−$8.9K −$3.53/SF
NOI
$20.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,800
Cap Rate 7%
$296,286
Cap Rate 9%
$230,444
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.3K – $345.7K
NOI $20,740 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$277.0K
$242.4K – $323.2K
NOI $19,389 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$638.4K
$558.6K – $744.8K
NOI $44,685 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
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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 - Updated two-unit property with separate utilities, a fenced yard, and rear off-street parking.
Where is this duplex located?
The property is located at 636-638 N N Sumner Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Two‑unit duplex with matching layouts; Each unit includes 3 bedrooms and 2 updated baths; Renovated interiors with updated mechanical systems
