316 N Lincoln Avenue, Scranton, PA 18504
MULTI_FAMILY - Scranton, PA
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 316 N Lincoln Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Basement
- Parking features
- Garage
- Basement
- Concrete, Block
- Standard status
- Active
- APN
- 14514030023
- Size
- 1,992 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 50X143 Bldg & Land W-04 B-0150 L-0210 P-02300
- Tax Annual Amount
- 3857
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
Listing agent Mark Colarossi (570) 878-7893
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Jun 26, 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.
HighLights
- Two‑unit income property with private entrances for each unit
- Natural gas heating and public water supply
- Public sewer service
- Separate utilities for each unit
- Oversized 3‑car garage for storage and parking
- Built in 1940
Overview
Located in Scranton, PA within R1 zoning, the property sits on a 0.16-acre lot. The listing includes a total property size of 1,992 square feet.
For tenants and buyers, the configuration supports flexible occupancy, including living in one unit while renting the other. Separate utilities and private entrances can help streamline household separation and reduce friction between occupants. The additional space provided by the oversized garage is practical for residents who need room for vehicles, tools, or seasonal items. This is presented as a turnkey option for an investor seeking a maintained two-family home or an owner-occupant looking for rental flexibility.
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 | $25.1k | $12.60 |
| − Vacancy | −$1.6k | −$0.82 |
| EGI | $23.5k | $11.78 |
| − OpEx | −$7.0k | −$3.53 |
| NOI | $16.4k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.682053
- Latitude
- 41.417002
