Green Ridge Multifamily Investment
1411-1413 N Washington Avenue Scranton, PA 18509
1411-1413 N Washington Avenue, Scranton, PA, 18509
$975,000
For Sale
$975,000
MULTI_FAMILY - Scranton, PA
Property Size9,200 SF
Lot Size0.19 Acres
Price / SF$105.98
Days on Market142
Property Features for 1411-1413 N Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2/O
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bedroom 16, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 5, Bedroom 4, Basement, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 14, Bedroom 11, Bedroom 12, Bathroom 8, Bedroom 15, Bedroom 13, Bedroom 1, Bedroom 9, Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 8
- Parking
- 8
- Parking features
- Driveway, Garage, Off Street, On Street
- Security features
- Security Lighting
- Window features
- Aluminum Frames, Storm Window(s), Wood Frames, Screens
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Smart Camera(s)/Recording, Walk-In Closet(s), Storage, Smart Light(s), Eat-in Kitchen, Laminate Counters, High Ceilings, Entrance Foyer
- Exterior features
- Lighting, Smart Camera(s)/Recording, Storage, Smart Light(s)
- Fencing
- Chain Link
- Basement
- Daylight, Concrete, Partially Finished, Full, Walk-Out Access, Exterior Entry
- Appliances
- Electric Range, Washer/Dryer, Refrigerator, Gas Water Heater, Free-Standing Refrigerator, Free-Standing Gas Range, Free-Standing Electric Range
- Standard status
- Active
- APN
- 14606060005
- Size
- 9,200 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 40X204 Meylerts Add L 13 B 320 W-13 B-016 L-003
- Tax Annual Amount
- 10682
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Cooling system
- Ceiling Fan(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 8
- Flooring type
- Concrete, Carpet, Hardwood, Linoleum, Simulated wood, Tile - Ceramic
- Building materials
- Block, Stucco, Concrete, Brick
- Roof type
- Rubber
- Additional Structures
- Storage
Listing agency
C21 Jack Ruddy Real Estate
(570) 344-6724
Listed by
James W Gilhooley · License #RS373019
(570) 780-0725
Added: Mar 3 Updated: Jul 9 at 3:37AM Checked: Jul 23 at 1:06AM
MLS# SC260834
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.
Located in the Green Ridge section of Scranton, this 8-unit apartment building has been meticulously maintained by the same family for two generations. The property recently passed the City of Scranton's 3-year certification inspection. The building features 8 fully rented units, coin-operated laundry machines in the basement with a well-lit outdoor covered seating area, and a 4-car detached garage. Constructed in the early 20th century, the building features long elegant hallways, high ceilings, hardwood floors, crown molding, pocket doors, French doors, and abundant closet space. The property has a newer roof, furnace, and flooring. The bright, airy rooms have abundant natural light. Newer carpeting, shower tiles, and paint are present throughout. The spacious bathrooms feature ceramic tile floors. Rear porches have enclosed storage rooms, and six units have large private front porches. Front porches and railings have been recently redone. Security cameras and lighting are installed throughout the interior and exterior. Situated within a one-mile commute to Marywood University, The University of Scranton, Lackawanna College, Geisinger School of Medicine, Regional Hospital, Moses Taylor Hospital, and Geisinger Community Medical Center. The Green Ridge section offers walkable, tree-lined neighborhoods and proximity to restaurants, shopping, and entertainment. The property produces a gross annual income of $117,700.00. All electric is separate and paid by the tenants. Gas steam heat, water, and sewer are paid by the owner. The lot size is 0.19 acres and the property size is 9,200 square feet.
Key Highlights
- 8‑unit apartment building built in 1910
- Passed the City of Scranton 3‑year certification inspection
- Fully rented with gross annual income of $117,700
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.9k | $14.88 |
| − Vacancy | −$7.9k | −$0.86 |
| EGI | $129.0k | $14.02 |
| − OpEx | −$58.0k | −$6.31 |
| NOI | $70.9k | $7.71 |
9,200 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.6K – $1.18M
NOI $70,926 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.04M – $2.72M
NOI $163,459 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Meticulously maintained 8-unit apartment building in desirable Green Ridge.
Where is this apartment building located?
The property is located at 1411-1413 N Washington Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1910; Passed the City of Scranton 3‑year certification inspection; Fully rented with gross annual income of $117,700
