Duplex with Off-Street
For Sale
$239,000
Pending
643 Deacon Street, Scranton, PA 18509
Residential Income, Scranton, PA
Property Size2,316 SF
Lot Size0.15 Acres
Days on Market64
Property Features for 643 Deacon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
Parking
3
Parking features
On Street, Driveway, Off Street, Paved or Surfaced
Interior features
Ceiling Fan(s), Pantry
Basement
Full, Unfinished
Appliances
Dishwasher, Washer, Water Heater, Range, Refrigerator, Microwave, Dryer
Lot features
Corner Lot, Rectangular Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
from Greenridge St turn onto Sanderson Ave, turn left onto Deacon St, home is on the corner on the right
Standard status
Pending
APN
13509050050
Size
2,316 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
63X108x64x108 W-23 B-067 L-031 P-073
Tax Annual Amount
4311
Legal Description
63X108x64x108 W-23 B-067 L-031 P-073
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Water source
Public
Amenities
Hardwood floors
plenty of storage space
off-street parking
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Annabelle Rogers
(570) 862-3331
Added: Jul 17
Changed: Sep 12
Last Checked: Sep 18 at 3:06AM
MLS# SC263579
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.
Built in 1935, this duplex contains 2,316 square feet and is situated on a 0.15-acre lot in Scranton. The property is currently half-rented, providing a configuration for continued rental use or owner occupancy with an additional income-producing unit. Interior features include hardwood floors, a pantry, ceiling fans, and basement storage. The residence includes a range, refrigerator, dishwasher, microwave, washer, dryer, and water heater.
Parking is available through paved or surfaced areas, a driveway, off-street spaces, and on-street options. The property is served by public water and public sewer, with natural gas and steam heating. Its Deacon Street location is near shops and restaurants, within the 18509 postal area.
Parking is available through paved or surfaced areas, a driveway, off-street spaces, and on-street options. The property is served by public water and public sewer, with natural gas and steam heating. Its Deacon Street location is near shops and restaurants, within the 18509 postal area.
Key Highlights
- Duplex with 2,316 square feet on a 0.15‑acre lot
- Currently half‑rented
- Built in 1935
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
$19,099
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
7.99%
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%
$381,980
$382.0K
Cap Rate 7%
$272,843
$272.8K
Cap Rate 9%
$212,211
$212.2K
Market Conditions
NOI Build-Up for 2,316 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
$29.2K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$27.3K $11.78/SF
− OpEx
−$8.2K −$3.53/SF
NOI
$19.1K $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%
$381,980
Cap Rate 7%
$272,843
Cap Rate 9%
$212,211
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,099 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
728
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - 1935 duplex offering separate living areas, storage, and access to paved and driveway parking.
Where is this duplex located?
The property is located at 643 Deacon Street Scranton, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex with 2,316 square feet on a 0.15‑acre lot; Currently half‑rented; Built in 1935
