Two-Story
New
For Sale
$225,000
740 Orchard Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size1,756 SF
Lot Size0.05 Acres
Price / SF$128.13
Days on Market1
Property Features for 740 Orchard Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bathroom 2
Patio and Porch features
Porch, Deck
Basement
Full
Subdivision
Scranton City
Standard status
Active
APN
15668030042
Size
1,756 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
40X50 Li&C Town Plot Ptl 21 B 97 W-12 B-009 L-022A P-02601
Tax Annual Amount
226
Legal Description
40X50 Li&C Town Plot Ptl 21 B 97 W-12 B-009 L-022A P-02601
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
porch
balcony
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Listing Agency:
Ai Brokers LLC
(800) 933-1991
Listed By:
Kimberlee Anne McClellan · License #RM425459
(614) 560-5599
Added: Sep 28
Last Checked: Sep 28 at 1:06PM
MLS# PM-145127
Copyright © 2026 Pocono Mountains Association of Realtors. 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.
This two-story duplex contains 1,756 square feet across two units, with a combined total of four bedrooms and two full bathrooms. Exterior features include a porch and deck. The home was built in 1920 and has wood siding, natural gas baseboard heat, and ceiling fans. Public water and sewer serve the property. The sale is as-is, with the buyer responsible for inspections and city closing requirements.
Nearby destinations include Duffy Park, John G. Whittier Elementary School, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, schools, grocery shopping, public transportation, and major highways are also identified in the property information as nearby.
Nearby destinations include Duffy Park, John G. Whittier Elementary School, The Fresh Grocer of Meadow Avenue, and Geisinger Community Medical Center. Restaurants, schools, grocery shopping, public transportation, and major highways are also identified in the property information as nearby.
Key Highlights
- Two‑story duplex with 1,756 square feet across two units
- Four bedrooms and two full bathrooms
- 0.05‑acre lot
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
$14,481
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
6.44%
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%
$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
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
$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 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%
$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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
891
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 separate units provide four bedrooms and two full bathrooms in a compact residential income 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‑story duplex with 1,756 square feet across two units; Four bedrooms and two full bathrooms; 0.05‑acre lot
