2-Unit Duplex with
For Sale
$225,000
740 Orchard Street, Scranton, PA 18505
Two stories provide separate living areas across a four-bedroom, two-bathroom residential property.
Property Size1,756 SF
Price / SF$128.13
Days on Market9
Property Features for 740 Orchard Street
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$225
Listing Agency:
Ai Brokers LLC
Listed By:
Kimberlee Anne McClellan · License #RM425459
(800) 933-1991
Source:
Exprealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 5 at 10:09PM
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 Ai Brokers LLC
Investment Insights
Based on property information with market context.
This two-story duplex contains two units with a combined 1,756 square feet, four bedrooms, and two full bathrooms. A porch and balcony provide outdoor features at the property. The sale is as-is, and the buyer is responsible for inspections and any city requirements needed to close.
The property is in Scranton, near Duffy Park, John G. Whittier Elementary School, Milton Eisner Yeshiva High School, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, parks, schools, grocery shopping, public transportation, and major highways are also nearby.
The property is in Scranton, near Duffy Park, John G. Whittier Elementary School, Milton Eisner Yeshiva High School, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, parks, schools, grocery shopping, public transportation, and major highways are also nearby.
Key Highlights
- Two‑unit duplex with 1,756 square feet across two stories
- Four bedrooms and two full bathrooms
- Includes a porch and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,481
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,620
$289.6K
Cap Rate 7%
$206,871
$206.9K
Cap Rate 9%
$160,900
$160.9K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$22.1K $12.60/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$20.7K $11.78/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.5K $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%
$289,620
Cap Rate 7%
$206,871
Cap Rate 9%
$160,900
Alternative Uses
Best Use
Multifamily LT 5
$206.9K
$181.0K – $241.4K
NOI $14,481 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,538 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,566
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two stories provide separate living areas across a four-bedroom, two-bathroom residential property.
Where is this duplex located?
The property is located at 740 Orchard Street Scranton, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,756 square feet across two stories; Four bedrooms and two full bathrooms; Includes a porch and balcony
