Two-Story
For Sale
$210,000
740 Orchard St, Scranton, PA 18505
The two-unit layout includes a porch and balcony, with nearby schools, shopping, parks, and public transportation.
Property Size1,756 SF
Price / SF$119.59
Days on Market37
Property Features for 740 Orchard St
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$225
Amenities
porch
balcony
Building Details
Stories
2
Listing Agency:
Ai Brokers LLC
Listed By:
Kimberlee Anne McClellan · License #RM425459
(800) 933-1991
Source:
Exprealty
Added: Sep 28
Changed: Nov 1
Last Checked: Nov 1 at 3:50PM
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
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Investment Insights
Based on property information with market context.
This two-story duplex in Scranton contains two units with a combined 1,756 square feet, 4 bedrooms, and 2 full bathrooms. A porch and balcony provide outdoor areas. The property is being sold as is, where is; the buyer is responsible for inspections and any city requirements for closing. Photos have been digitally enhanced.
Nearby destinations include John G. Whittier Elementary School, Milton Eisner Yeshiva High School, Duffy Park, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, cafés, grocery shopping, public transportation, and major highways are also nearby.
Nearby destinations include John G. Whittier Elementary School, Milton Eisner Yeshiva High School, Duffy Park, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, cafés, grocery shopping, public transportation, and major highways are also nearby.
Key Highlights
- Two‑unit duplex with 1,756 square feet
- 4 bedrooms and 2 full bathrooms across the two units
- Two‑story building with a porch and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,481
Cap Rate
6.90%
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 6.90%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,538 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
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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 - The two-unit layout includes a porch and balcony, with nearby schools, shopping, parks, and public transportation.
Where is this duplex located?
The property is located at 740 Orchard St Scranton, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,756 square feet; 4 bedrooms and 2 full bathrooms across the two units; Two‑story building with a porch and balcony
