Two-Unit Duplex with Off-Street
For Sale
$254,000
638 Willow Street, Scranton, PA 18505
Well-maintained residential income property with updated systems, private laundry, and outdoor space for residents.
Property Size2,176 SF
Days on Market128
Property Features for 638 Willow Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi Family
Building Details
Building Size
2,176 SF
Year Built
1935
Listing Agency:
EXP Realty LLC
Listed By:
The Adriana Jez Team
(570) 799-9235
Source:
Luxehomesnepa
Added: Jun 12
Changed: Oct 11
Last Checked: Oct 16 at 4:40PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 2,176-square-foot duplex, built in 1935, contains two residential units with matching layouts. Each apartment offers 2 bedrooms, 1 full bathroom, a living room, and an eat-in kitchen. Replacement windows and a newer water heater add to the property's recent improvements, while separate washers and dryers serve each unit. The configuration supports continued rental use or an owner-occupant arrangement with one apartment retained for income.
The property is located at 638 Willow St in Scranton, near downtown, shopping, restaurants, schools, and major highways. Outdoor amenities include a large backyard and off-street parking, providing useful space for residents and vehicles.
The property is located at 638 Willow St in Scranton, near downtown, shopping, restaurants, schools, and major highways. Outdoor amenities include a large backyard and off-street parking, providing useful space for residents and vehicles.
Key Highlights
- Two‑unit duplex with 2,176 square feet, built in 1935
- Each unit includes 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen
- Replacement windows and a newer water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,945
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,900
$358.9K
Cap Rate 7%
$256,357
$256.4K
Cap Rate 9%
$199,389
$199.4K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$27.4K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$25.6K $11.78/SF
− OpEx
−$7.7K −$3.53/SF
NOI
$17.9K $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%
$358,900
Cap Rate 7%
$256,357
Cap Rate 9%
$199,389
Alternative Uses
Best Use
Multifamily LT 5
$256.4K
$224.3K – $299.1K
NOI $17,945 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$552.3K
$483.3K – $644.4K
NOI $38,662 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
912
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained residential income property with updated systems, private laundry, and outdoor space for residents.
Where is this duplex located?
The property is located at 638 Willow Street Scranton, PA.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,176 square feet, built in 1935; Each unit includes 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen; Replacement windows and a newer water heater
