8-Unit Multifamily Corner
1607 Sanderson Avenue Scranton, PA 18509
MULTI_FAMILY - Scranton, PA
Property size:
7,348 SFLot size:
0.28 AcresPrice / SF:
$88/SF- Added:
- May 12, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 1607 Sanderson Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 10, Bathroom 8, Bathroom 5, Bedroom 9, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 6, Basement, Bathroom 3, Bathroom 6, Bedroom 3, Bathroom 7, Bathroom 1
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- APN
- 13517020054
- Size
- 7,348 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 121X79x18x131x95 W-13 B-0530 L-0010 P-02300
- Tax Annual Amount
- 12924
Utilities
- Heating system
- Natural Gas, Electric (Heating)
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 8
Listing agent Christine Ives Polizzi License #RS360064 (570) 561-7189
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date May 12, 2026
MLS# SC262148
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of eight residential units, including two two-bedroom apartments and six one-bedroom apartments. The offering is positioned as an investor-focused rental asset, with a total building size of 7,348 square feet on a 0.28-acre lot. Zoning is listed as R2.
The property is located at 1607 Sanderson Avenue in Scranton, on a corner with frontage at Sanderson Avenue and Green Ridge Street, near the Dunmore border. Group showings are scheduled, and the remarks note that proof of funds or preapproval is required for showings.
The unit mix should appeal to buyers seeking a small, manageable portfolio with multiple rental streams, anchored by one-bedroom units alongside two-bedroom space. Because the listing is presented for sale to investors and share-specific details are available through the broker (financials and rent roll information), interested parties should contact the listing team to review current operating information before scheduling a showing.
The property is located at 1607 Sanderson Avenue in Scranton, on a corner with frontage at Sanderson Avenue and Green Ridge Street, near the Dunmore border. Group showings are scheduled, and the remarks note that proof of funds or preapproval is required for showings.
The unit mix should appeal to buyers seeking a small, manageable portfolio with multiple rental streams, anchored by one-bedroom units alongside two-bedroom space. Because the listing is presented for sale to investors and share-specific details are available through the broker (financials and rent roll information), interested parties should contact the listing team to review current operating information before scheduling a showing.
Key Highlights
- 8‑unit multifamily property on the corner of Sanderson St and Green Ridge St on the Dunmore border
- Unit mix includes 2 two‑bedroom apartments and 6 one‑bedroom apartments
- Heating includes natural gas and electric (heating)
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 | $109.3k | $14.88 |
| − Vacancy | −$6.3k | −$0.86 |
| EGI | $103.0k | $14.02 |
| − OpEx | −$46.3k | −$6.31 |
| NOI | $56.6k | $7.71 |
7,348 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$809.3K
$708.1K – $944.1K
NOI $56,648 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,554 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale 8-unit multifamily featuring a mix of one- and two-bedroom apartments on a corner lot.
Where is this apartment building located?
The property is located at 1607 Sanderson Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8‑unit multifamily property on the corner of Sanderson St and Green Ridge St on the Dunmore border; Unit mix includes 2 two‑bedroom apartments and 6 one‑bedroom apartments; Heating includes natural gas and electric (heating)
