Two-Unit Side-by-Side
For Sale
$199,000
921-923 Wood Street, Scranton, PA 18508
Separate utilities serve each two-bedroom residence, with off-street parking for occupants.
Property Size1,612 SF
Days on Market10
Property Features for 921-923 Wood Street
General Information
Standard status
Active
Size
1,612 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic refreshing
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$3,575
Amenities
off-street parking
Building Details
Building Size
1,612 SF
Year Built
1930
Listing Agency:
EXP Realty LLC
Listed By:
Brigitte Baum · License #RS361730
(570) 290-9008
Source:
Luxehomesnepa
Added: Oct 27
Changed: Nov 5
Last Checked: Nov 4 at 8:33PM
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 EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with two bedrooms and one full bathroom. Separate utilities serve the units, and off-street parking is available. The property was built in 1930.
Recent improvements include a newer roof and updated water heaters; the right-side unit also has a new boiler. Interior cosmetic updates remain, giving an owner or investor the ability to refresh the finishes to their preferences.
Recent improvements include a newer roof and updated water heaters; the right-side unit also has a new boiler. Interior cosmetic updates remain, giving an owner or investor the ability to refresh the finishes to their preferences.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- Separate utilities for each residence
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,294
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,880
$265.9K
Cap Rate 7%
$189,914
$189.9K
Cap Rate 9%
$147,711
$147.7K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$20.3K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$19.0K $11.78/SF
− OpEx
−$5.7K −$3.53/SF
NOI
$13.3K $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%
$265,880
Cap Rate 7%
$189,914
Cap Rate 9%
$147,711
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.6K
NOI $13,294 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$177.5K
$155.3K – $207.1K
NOI $12,427 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$409.2K
$358.0K – $477.4K
NOI $28,641 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve each two-bedroom residence, with off-street parking for occupants.
Where is this duplex located?
The property is located at 921-923 Wood Street Scranton, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; Separate utilities for each residence; Off‑street parking
