Four-Unit Residential Income
For Sale
$349,000
Pending
926-928 Johler Avenue, Scranton, PA 18508
Four separate units with fully separate utilities, off-street parking, and a fenced backyard with a patio.
Property Size3,080 SF
Days on Market71
Property Features for 926-928 Johler Avenue
General Information
Standard status
Pending
Size
3,080 SF
Property subtype
Quadruplex
Occupancy
75%
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,157
Building Details
Building Size
3,080 SF
Tenancy
Multi
Listing Agency:
RPA Real Estate
Listed By:
Jacob Chesonis · License #RS372859
Source:
Luxehomesnepa
Added: Jun 28
Changed: Sep 2
Last Checked: Sep 5 at 5:06AM
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 RPA Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential income property includes fully separate utilities for each unit. The building also features off-street parking, along with a fenced-in backyard and a patio.
The property is located at 926–928 Johler Avenue in Scranton, with close access to the city.
One unit is described as currently vacant and ready to rent, offering an option for an owner occupant alongside the existing occupied units.
The property is located at 926–928 Johler Avenue in Scranton, with close access to the city.
One unit is described as currently vacant and ready to rent, offering an option for an owner occupant alongside the existing occupied units.
Key Highlights
- 4‑unit investment property in Scranton
- Each unit has fully separate utilities
- Off‑street parking available
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
$25,400
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
7.28%
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%
$508,000
$508.0K
Cap Rate 7%
$362,857
$362.9K
Cap Rate 9%
$282,222
$282.2K
Market Conditions
NOI Build-Up for 3,080 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
$38.8K $12.60/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$36.3K $11.78/SF
− OpEx
−$10.9K −$3.53/SF
NOI
$25.4K $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%
$508,000
Cap Rate 7%
$362,857
Cap Rate 9%
$282,222
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.3K
NOI $25,400 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$339.2K
$296.8K – $395.8K
NOI $23,745 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$781.8K
$684.0K – $912.1K
NOI $54,723 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
932
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units with fully separate utilities, off-street parking, and a fenced backyard with a patio.
Where is this quadplex located?
The property is located at 926-928 Johler Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 4‑unit investment property in Scranton; Each unit has fully separate utilities; Off‑street parking available
