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    640 Jefferson Ave Scranton, PA 18510

    For Sale
    $1,529,977

    MULTI_FAMILY - Scranton City, PA

    Type:Apartment
    Lot size:
    0.28 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 640 Jefferson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    multi-family
    Rooms
    Bathroom 10, Bedroom 1, Bedroom 9, Bathroom 14, Bathroom 16, Bedroom 12, Bathroom 11, Bathroom 17, Bedroom 11, Bathroom 6, Bathroom 12, Bedroom 7, Bathroom 5, Bedroom 8, Bathroom 13, Bathroom 7, Bedroom 5, Bedroom 16, Bedroom 6, Bathroom 9, Bathroom 4, Bathroom 2, Bathroom 8, Bedroom 17, Bedroom 3, Bedroom 10, Bedroom 14, Bedroom 18, Bedroom 2, Bedroom 13, Bedroom 15, Bathroom 1, Bathroom 15, Bathroom 3, Bedroom 4
    Bedrooms
    18
    Bathrooms
    17
    APN
    14677020006
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating), Other (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Number of units
    17
    Building materials
    VinylSiding

    Steel City Realty (484) 895-9005 [email protected]

    Listing agent Jennifer L. DeJesus (610) 217-6330

    Listing date Nov 18, 2025

    MLS# 768351 Listing URL

    Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Scranton Multifamily Investment Opportunity

    This is a fully occupied, cash-flowing 17-unit multifamily property located in Scranton City, PA. The property is situated minutes from Geisinger Medical School and Commonwealth Hospital. Its location is ideal for students and professionals, with major employers nearby including the University of Scranton, Sanofi, PennDOT, Amazon, and MetLife. This property represents a turn-key investment in a strong rental market with upside opportunity. The lot size is 0.279 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.654658
    Latitude
    41.411858

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 17-unit building near hospitals and universities.
    Where is this apartment building located?
    The property is located at 640 Jefferson Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $1,529,977.
    What are key features of this property?
    This property features: - Fully occupied, cash-flowing 17-unit multifamily property.; - Located minutes from Geisinger Medical School and Commonwealth Hospital.; - Ideal for students and professionals due to proximity to major employers.
    (610) 217-6330
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    640 Jefferson Ave Scranton, PA 18510
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