Building Details

Year built 1940

Floors in Building 2

Number of units 2

Flooring type Linoleum, Vinyl, Tile, Carpet

Building materials Stone, Vinyl Siding

Roof type Composition

Listing Agency: C21 Jack Ruddy Real Estate · Century 21 Real Estate c***@gmail.com Show Phone

Listed By: Samuel R Scelta · License #RS321374 Show Phone

Added: Jul 10 Changed: Oct 12 Last Checked: Oct 15 at 5:06AM

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MLS# SC263333

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 mixed-use property contains 1,400 square feet on a 0.19-acre lot. The upper floor has a two-bedroom apartment, while the ground floor can be configured as an additional apartment or a small business. Exterior materials include stone and vinyl siding, and the building has a balcony. Built in 1940, it has natural gas heat, public water, and public sewer.

The property is in Dunmore, Pennsylvania, and is zoned CNMU. The borough should be consulted to confirm whether a proposed use is permitted; some uses may require special approval, particularly those with substantial parking needs.

Key Highlights

• Two‑bedroom apartment on the upper floor
• Ground‑floor area may accommodate another apartment or a small business
• 1,400 square feet on a 0.19‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,175

Cap Rate

8.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,500 $283.5K

Cap Rate 7%

$202,500 $202.5K

Cap Rate 9%

$157,500 $157.5K

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$25.2K $18.00/SF

− Vacancy

−$2.5K −$1.80/SF

EGI

$22.7K $16.20/SF

− OpEx

−$8.5K −$6.07/SF

NOI

$14.2K $10.13/SF

Area

Lackawanna County, PA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,500

Cap Rate 7%

$202,500

Cap Rate 9%

$157,500

Alternative Uses

Best Use

Mixed Use

$202.5K

$177.2K – $236.3K (±1% cap)

NOI $14,175 @ 7.0% cap · market cap 8.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$355.3K

$310.9K – $414.6K (±1% cap)

NOI $24,874 @ 7.0% cap · market cap 14.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 18512, PA

12,081

Population

6,272

Households

1.9

Avg Household Size

44

Median Age

29%

College-Educated

92%

High-School Grad

11.3 sq mi

ZIP Area

1,069

Density / Sq Mi

$63,097

Median Household Income

$43,249

Median Earnings

$927

Median Rent

$173,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A two-bedroom residence occupies the upper level, with space below for another apartment or a small business.

Where is this mixed-use property located?

The property is located at Dunmore, PA.

What is the asking price?

The asking price for this property is $174,900.

What are key features of this property?

This property features: Two‑bedroom apartment on the upper floor; Ground‑floor area may accommodate another apartment or a small business; 1,400 square feet on a 0.19‑acre lot