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    1411-1413 N Washington Ave Scranton, PA 18509

    Sponsored
    For Sale
    $975,000

    MULTI_FAMILY - Scranton, PA

    Property size:
    9,200 SF
    Lot size:
    0.19 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 12:06 am

    Property Features for 1411-1413 N Washington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Storm Window(s), Wood Frames, Aluminum Frames, Screens
    Zoning
    R2/O
    Rooms
    Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 10, Bedroom 6, Bedroom 14, Bedroom 3, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 11, Bathroom 5, Bathroom 7, Bedroom 9, Bedroom 4, Bathroom 8, Basement, Bedroom 13, Bedroom 1, Bedroom 12, Bedroom 16, Bedroom 7, Bathroom 4, Bedroom 15
    Bedrooms
    16
    Bathrooms
    8
    APN
    14606060005
    Parking
    8
    Parking features
    Off Street, On Street, Driveway, Garage
    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, Exterior Entry, Concrete, Partially Finished, Full, Walk-Out Access
    Appliances
    Electric Range, Washer/Dryer, Refrigerator, Gas Water Heater, Free-Standing Refrigerator, Free-Standing Gas Range, Free-Standing Electric Range
    Size
    9,200 SF
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Steam
    Cooling system
    Window Unit(s), Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    8
    Flooring type
    Tile - Ceramic, Concrete, Simulated wood, Hardwood, Carpet, Linoleum
    Building materials
    Block, Stucco, Concrete, Brick
    Roof type
    Rubber
    Additional Structures
    Storage

    We can help!

    Listing Contact
    James W Gilhooley

    Century 21 Jack Ruddy Real Estate (570) 344-6724

    Listing agent James W Gilhooley (570) 344-6724

    Listing date Mar 4, 2026

    MLS# SC260834 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Green Ridge Multifamily Investment Opportunity

    Located in the Green Ridge section of Scranton, this meticulously maintained 8-unit apartment building has been owned by the same family for two generations. The property has 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. Additional features include a newer roof, furnace, flooring, bright, airy rooms with abundant natural light, newer carpeting, shower tiles, paint, spacious bathrooms with ceramic tile floors, rear porches with enclosed storage rooms, and 6 units with large private front porches. The front porches and railings have been recently redone. Security cameras and lighting are installed throughout the interior and exterior. The property is located 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.647284
    Latitude
    41.423503

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained 8-unit apartment building in desirable Green Ridge section.
    Where is this apartment building located?
    The property is located at 1411-1413 N Washington Ave 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: - Gross annual income of $117,700.00.; - Located in the desirable Green Ridge section of Scranton.; - Eight fully rented units.
    (570) 344-6724
    Request Owner's contact information
    1411-1413 N Washington Ave Scranton, PA 18509
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1411-1413 N Washington Ave Scranton, PA 18509
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    We can help!
    Listing Contact
    James W Gilhooley
    Real Estate License ID: RS373019
    (570) 344-6724 (570) 780-0725
    Learn more
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