Side-by-Side
New
For Sale
$260,000
742-744 N N Bromley Avenue, Scranton, PA 18504
Separate utility meters serve two residences with different bedroom and bathroom counts.
Property Size2,730 SF
Days on Market5
Property Features for 742-744 N N Bromley Avenue
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,528
Building Details
Building Size
2,730 SF
Year Built
1930
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 2:18PM
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 1930 duplex contains two adjoining residences. Each has three bedrooms; one includes a full bathroom, while the other has one full bath and an additional half bath. Utility service is separately metered for each unit.
Shopping, restaurants, schools, and everyday services are nearby. The property may also be acquired together with the neighboring house at 738-740 N Bromley Ave.
Shopping, restaurants, schools, and everyday services are nearby. The property may also be acquired together with the neighboring house at 738-740 N Bromley Ave.
Key Highlights
- Two adjoining units, each with 3 bedrooms
- One residence has 1 full bathroom; the other has 1.5 baths
- Utilities are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,513
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,260
$450.3K
Cap Rate 7%
$321,614
$321.6K
Cap Rate 9%
$250,144
$250.1K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$34.4K $12.60/SF
− Vacancy
−$2.2K −$0.82/SF
EGI
$32.2K $11.78/SF
− OpEx
−$9.6K −$3.53/SF
NOI
$22.5K $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%
$450,260
Cap Rate 7%
$321,614
Cap Rate 9%
$250,144
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,513 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$692.9K
$606.3K – $808.4K
NOI $48,505 @ 7.0% cap · market cap 18.66%
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 - Separate utility meters serve two residences with different bedroom and bathroom counts.
Where is this duplex located?
The property is located at 742-744 N 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 adjoining units, each with 3 bedrooms; One residence has 1 full bathroom; the other has 1.5 baths; Utilities are separately metered for each unit
