Two-Unit Residential Income
For Sale
$249,900
905 Eynon Street, Scranton, PA 18504
Both apartments are currently rented, with separate covered outdoor areas and an alley-accessible garage.
Property Size1,954 SF
Days on Market8
Property Features for 905 Eynon Street
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 4BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,579
Amenities
covered deck
covered porch
Building Details
Building Size
1,954 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties
(570) 689-2111
Listed By:
Christina A Bauserman · License #RS303529
Source:
Luxehomesnepa
Added: Aug 16
Changed: Aug 23
Last Checked: Aug 23 at 8:26AM
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 Berkshire Hathaway Home Services Preferred Properties
Investment Insights
Based on property information with market context.
Built in 1940, this two-unit residential property contains one apartment with 3 bedrooms and 1-1/2 baths and a second with 4 bedrooms and 1-1/2 baths. Both units are currently rented, providing an existing occupied configuration. Outdoor features include a covered walk-out back deck serving 905 Eynon Street and a covered rear porch associated with 907 Eynon Street.
The property includes a single-car garage located in the alley, along with adjacent parking for one additional vehicle. Tenants pay heat and electric, while ownership covers water, sewer, and trash. The property is located at 905 Eynon Street in Scranton, Pennsylvania.
The property includes a single-car garage located in the alley, along with adjacent parking for one additional vehicle. Tenants pay heat and electric, while ownership covers water, sewer, and trash. The property is located at 905 Eynon Street in Scranton, Pennsylvania.
Key Highlights
- Two apartments with 3‑bedroom and 4‑bedroom layouts
- Both units currently rented
- One apartment includes 1‑1/2 baths; the other also has 1‑1/2 baths
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
$16,114
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
6.45%
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%
$322,280
$322.3K
Cap Rate 7%
$230,200
$230.2K
Cap Rate 9%
$179,044
$179.0K
Market Conditions
NOI Build-Up for 1,954 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
$24.6K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.0K $11.78/SF
− OpEx
−$6.9K −$3.53/SF
NOI
$16.1K $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%
$322,280
Cap Rate 7%
$230,200
Cap Rate 9%
$179,044
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.4K – $268.6K
NOI $16,114 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$215.2K
$188.3K – $251.1K
NOI $15,064 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$496.0K
$434.0K – $578.6K
NOI $34,717 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
759
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are currently rented, with separate covered outdoor areas and an alley-accessible garage.
Where is this duplex located?
The property is located at 905 Eynon Street Scranton, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two apartments with 3‑bedroom and 4‑bedroom layouts; Both units currently rented; One apartment includes 1‑1/2 baths; the other also has 1‑1/2 baths
