Duplex Property with Expansion
817 Rear Court Street, Scranton, PA 18508
For Sale
$211,000
Residential Income, Scranton, PA
Property Size2,117 SF
Lot Size0.06 Acres
Price / SF$99.67
Days on Market57
Property Features for 817 Rear Court Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Basement
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Architectural style
Listing Agency:
EXP Realty
(888) 397-7352
Listed By:
Christine Ives Polizzi · License PA RS360064
(570) 561-7189
Added: Sep 17
Changed: Sep 24
Last Checked: Nov 12 at 6:06PM
MLS# PW-263323
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,117-square-foot duplex property, built in 1920, includes two occupied units and a possible third-unit configuration. The property has a new roof, a Rinnai heating system installed in 2024, and new water and gas lines added in 2025. Interior areas include a basement, two bedrooms, and two bathrooms, with porch space also provided.
The property sits on a 0.06-acre lot in Scranton, PA, with public water and public sewer service. Gas and electric utilities are separately metered, while the owner pays all utilities for unit 1 and water and sewer for unit 2. Both units are occupied under month-to-month leases.
The property sits on a 0.06-acre lot in Scranton, PA, with public water and public sewer service. Gas and electric utilities are separately metered, while the owner pays all utilities for unit 1 and water and sewer for unit 2. Both units are occupied under month-to-month leases.
Key Highlights
- 2,117 square feet on a 0.06‑acre lot
- Two occupied units with potential for a third unit
- New Rinnai heating system installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,458
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,160
$349.2K
Cap Rate 7%
$249,400
$249.4K
Cap Rate 9%
$193,978
$194.0K
Market Conditions
NOI Build-Up for 2,117 SF
Gross rent
$26.7K $12.60/SF
− Vacancy
−$1.7K −$0.82/SF
EGI
$24.9K $11.78/SF
− OpEx
−$7.5K −$3.53/SF
NOI
$17.5K $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%
$349,160
Cap Rate 7%
$249,400
Cap Rate 9%
$193,978
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,458 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$233.2K
$204.0K – $272.0K
NOI $16,321 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$537.3K
$470.2K – $626.9K
NOI $37,613 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Scranton, PA
Properties on Market for Duplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residential units with separate gas and electric service and public water and sewer connections.
Where is this duplex located?
The property is located at 817 Rear Court Street Scranton, PA.
What is the asking price?
The asking price for this property is $211,000.
What are key features of this property?
This property features: 2,117 square feet on a 0.06‑acre lot; Two occupied units with potential for a third unit; New Rinnai heating system installed in 2024
