Two-Unit Duplex with
For Sale
$249,900
905 Eynon Street, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size1,954 SF
Lot Size0.12 Acres
Price / SF$127.89
Days on Market8
Property Features for 905 Eynon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
7
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3
Basement
Exterior Entry
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Main Street towards Taylor, turn left on to Hampton Street, go downhill one block, turn right, go one block, turn right uphill on Eynon (this is a one way street). House will be on the left.
Standard status
Active
APN
15609080032
Size
1,954 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39X133 Park Hill Ptl 184 W-15 B-012 L-002B P-011
Tax Annual Amount
2579
Legal Description
39X133 Park Hill Ptl 184 W-15 B-012 L-002B P-011
Amenities
covered deck
covered porch
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
(570) 585-1500
Listed By:
Christina A Bauserman · License #RS303529
(570) 212-0188
Added: Aug 16
Changed: Aug 19
Last Checked: Aug 23 at 7:06AM
MLS# SC264054
Copyright © 2026 Greater Scranton Board 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.
Investment Insights
Based on property information with market context.
This R2-zoned duplex contains 1,954 square feet and was built in 1940. The two apartments offer three bedrooms and 1-1/2 baths in one unit, while the other includes four bedrooms and 1-1/2 baths. Each apartment has a covered exterior gathering area, with a walk-out covered deck serving one unit and a covered rear porch serving the other.
Both units are currently rented. Tenants pay heat and electric, while the owner covers water, sewer, and trash. The property also includes a single-car garage located in the alley, along with adjacent parking for one additional vehicle. The parcel contains 0.12 acres.
Both units are currently rented. Tenants pay heat and electric, while the owner covers water, sewer, and trash. The property also includes a single-car garage located in the alley, along with adjacent parking for one additional vehicle. The parcel contains 0.12 acres.
Key Highlights
- Two‑unit duplex with 1,954 square feet, built in 1940
- One apartment has 3 bedrooms and 1‑1/2 baths; the other has 4 bedrooms and 1‑1/2 baths
- Both units are currently rented
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
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 - Two leased apartments with separate covered outdoor areas and tenant-paid heat and electric.
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‑unit duplex with 1,954 square feet, built in 1940; One apartment has 3 bedrooms and 1‑1/2 baths; the other has 4 bedrooms and 1‑1/2 baths; Both units are currently rented
