525 527 Cedar Avenue Scranton, PA 18505
MULTI_FAMILY - Scranton, PA
- Added:
- Apr 1, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 12 at 11:06 pm
Property Features for 525 527 Cedar Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-N
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bedroom 8, Bathroom 7, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 1, Basement, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 9, Bedroom 1, Bedroom 7, Bedroom 3
- Standard status
- Active
- APN
- 15616020002
- Size
- 5,685 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 40X150 Li&C Town Plot L 7 B 2 W-11 B-003 L-016 P-005
- Tax Annual Amount
- 5293
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 6
Listing agent Sherrie L Miller License #RM423823 (570) 430-1599
Listing office Keller Williams Real Estate-Clarks Summit 749 Northern Blvd., Clarks Summit, PA (570) 585-5800
Listing date Apr 1, 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.
The building is located in Scranton’s downtown Southside area. An alley provides rear access, and off-street parking is noted for the third-floor unit.
With storefront frontage and residential space stacked above, the layout supports both commercial and housing use within the same property.
Key Highlights
- Multi‑unit property with 6 units total
- Street‑level includes 2 storefronts currently operating as a barber shop and a salon shop
- 2nd floor features 3 residential units
Local Financial Insights For Retail
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 | $85.3k | $15.00 |
| − Vacancy | −$9.0k | −$1.58 |
| EGI | $76.3k | $13.43 |
| − OpEx | −$22.9k | −$4.03 |
| NOI | $53.4k | $9.40 |
