Side-by-Side
New
For Sale
$260,000
738-740 N Bromley Avenue, Scranton, PA 18504
Both residences have three bedrooms, one full bathroom, and separate utility meters.
Property Size2,568 SF
Days on Market5
Property Features for 738-740 N Bromley Avenue
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,345
Building Details
Building Size
2,568 SF
Year Built
1930
Buildings
1
Listing Agency:
Levy Realty Group
Listed By:
MICHAEL TIGHE · License #RS278360
(570) 836-3457
Source:
Luxehomesnepa
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:22PM
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 Levy Realty Group
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Investment Insights
Based on property information with market context.
This side-by-side duplex, built in 1930, contains two residences, each with three bedrooms and one full bathroom. Utilities are separately metered for each unit. The property is on N Bromley Avenue in West Scranton, near shopping, restaurants, and schools.
The adjoining property at 742-744 N Bromley Avenue may be purchased with this duplex.
The adjoining property at 742-744 N Bromley Avenue may be purchased with this duplex.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms and 1 full bathroom
- Utilities are separately metered for each unit
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,178
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,560
$423.6K
Cap Rate 7%
$302,543
$302.5K
Cap Rate 9%
$235,311
$235.3K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$32.4K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$30.3K $11.78/SF
− OpEx
−$9.1K −$3.53/SF
NOI
$21.2K $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%
$423,560
Cap Rate 7%
$302,543
Cap Rate 9%
$235,311
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$282.8K
$247.5K – $330.0K
NOI $19,798 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$651.8K
$570.3K – $760.4K
NOI $45,626 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, one full bathroom, and separate utility meters.
Where is this duplex located?
The property is located at 738-740 N Bromley Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms and 1 full bathroom; Utilities are separately metered for each unit; Built in 1930
