220 Colfax Avenue Scranton, PA 18510
MULTI_FAMILY - Scranton, PA
- Added:
- May 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 220 Colfax Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R#
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Offsite, On Street, Driveway
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s)
- Fireplace
- 1
- Basement
- Block
- Appliances
- Free-Standing Refrigerator, Gas Oven
- Standard status
- Pending
- APN
- 15714020011
- Size
- 3,259 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 40X160 Li&C Town Plot L 5 B 188 W-17 B-061A L-019 P-005
- Tax Annual Amount
- 5349
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl
- Building materials
- Wood Siding
- Roof type
- Asphalt
Listing agent Diane Stracham License #RS318034 (570) 241-3982
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date May 12, 2026
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.
Key Highlights
- 3‑unit property built in 1930 with over 3,200 SF of living space
- Three 2- and 3‑bedroom units with large eat‑in kitchens
- Separate electrical panels for each unit
Local Financial Insights For Multifamily LT 5
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 | $41.1k | $12.60 |
| − Vacancy | −$2.7k | −$0.82 |
| EGI | $38.4k | $11.78 |
| − OpEx | −$11.5k | −$3.53 |
| NOI | $26.9k | $8.25 |
