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 Market116
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: Oct 9
Last Checked: Oct 19 at 1:55PM
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
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 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 / Yr
$25,400
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
