Duplex with Detached
For Sale
$299,900
821 Cherry Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,281 SF
Lot Size0.15 Acres
Price / SF$131.48
Days on Market9
Property Features for 821 Cherry Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-11
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Basement
Parking
2
Parking features
Garage
Basement
Partially Finished
Appliances
Electric Range, Refrigerator, Water Heater, Range Hood
Lot features
Back Yard
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Subdivision
Scranton City
Standard status
Active
APN
16712010012
Size
2,281 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
40X160 Li&C Town Plot L 13 B 46 W-20 B-086 L-013 P-012
Tax Annual Amount
4176
Legal Description
40X160 Li&C Town Plot L 13 B 46 W-20 B-086 L-013 P-012
Utilities
Sewer type
Public Sewer
Heating system
Steam
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
T1-11
Listing Agency:
RE/MAX Crossroads · RE/MAX International
Listed By:
Sabrina S Acosta
(570) 424-8850
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 30 at 4:06AM
MLS# PM-146009
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.
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Investment Insights
Based on property information with market context.
This 2,281-square-foot duplex in Scranton contains two residences, each with 2 bedrooms and 1 full bath. One unit also has a first-floor bonus room; the other includes a sun porch and walk-up attic with potential for finished space. A semi-finished basement adds a half bath and separate entrance, while an additional flex room has its own private entrance. A detached two-car garage provides further storage and parking. The property was built in 1940 and sits on a 0.15-acre lot. Zoning is R-11.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,281‑square‑foot building on a 0.15‑acre lot
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,811
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,220
$376.2K
Cap Rate 7%
$268,729
$268.7K
Cap Rate 9%
$209,011
$209.0K
Market Conditions
NOI Build-Up for 2,281 SF
Gross rent
$28.7K $12.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$26.9K $11.78/SF
− OpEx
−$8.1K −$3.53/SF
NOI
$18.8K $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%
$376,220
Cap Rate 7%
$268,729
Cap Rate 9%
$209,011
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are complemented by additional rooms, a basement, and a garage.
Where is this duplex located?
The property is located at 821 Cherry Street Scranton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,281‑square‑foot building on a 0.15‑acre lot; Detached two‑car garage
