Side-by-Side
For Sale
$270,000
Pending
68-70 Green Place, Scranton, PA 18509
Residential Income, Scranton, PA
Property Size2,500 SF
Lot Size0.08 Acres
Days on Market8
Property Features for 68-70 Green Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 1
Parking
6
Parking features
Off Street
Basement
Full, Unfinished, Exterior Entry
Appliances
Electric Oven, Refrigerator
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
900 block of Capouse Ave Scranton, turn on to Green Place, After you are on Green St, and it goes to the right, go straight on Amity Ct, 2nd property on your right, park in rear.
Standard status
Pending
APN
14512050010
Size
2,500 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X110x20x25x91 W-07 B-025 L-016 P-022
Tax Annual Amount
1870
Legal Description
40X110x20x25x91 W-07 B-025 L-016 P-022
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
private rear porch
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Felipe Rosero Salazar · License #RS364807
(570) 914-8799
Added: Aug 23
Changed: Aug 25
Last Checked: Aug 30 at 8:06PM
MLS# SC264170
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 2,500-square-foot duplex contains two side-by-side residences, each with 3 bedrooms and 1 bathroom. Both units have separate utilities, freshly painted interiors, a private rear porch connected to the primary bedroom, and access to off-street parking. The property also includes a composition roof, electric ovens, refrigerators, natural gas baseboard heat, ceiling fans, public water, and public sewer.
Located at 68-70 Green Place in Scranton, the property is within walking distance of downtown and near colleges, schools, dining, and transit. The 0.08-acre parcel is zoned R1 and includes parking for up to 6 vehicles.
Located at 68-70 Green Place in Scranton, the property is within walking distance of downtown and near colleges, schools, dining, and transit. The 0.08-acre parcel is zoned R1 and includes parking for up to 6 vehicles.
Key Highlights
- Two‑unit duplex with 2,500 square feet of property space
- Each unit includes 3 bedrooms and 1 bathroom
- Separate utilities serve the two residences
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
$20,617
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
7.64%
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%
$412,340
$412.3K
Cap Rate 7%
$294,529
$294.5K
Cap Rate 9%
$229,078
$229.1K
Market Conditions
NOI Build-Up for 2,500 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
$31.5K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$29.5K $11.78/SF
− OpEx
−$8.8K −$3.53/SF
NOI
$20.6K $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%
$412,340
Cap Rate 7%
$294,529
Cap Rate 9%
$229,078
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.6K
NOI $20,617 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$275.3K
$240.9K – $321.2K
NOI $19,273 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,418 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,088
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate utilities, rear porches, and off-street parking.
Where is this duplex located?
The property is located at 68-70 Green Place Scranton, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,500 square feet of property space; Each unit includes 3 bedrooms and 1 bathroom; Separate utilities serve the two residences
