Five-Unit Apartment
For Sale
$525,000
715 Moosic Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size5,512 SF
Lot Size0.15 Acres
Price / SF$95.25
Days on Market8
Property Features for 715 Moosic Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Zoning description
Multi-Family
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 11, Bathroom 5, Bedroom 6, Basement, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 1, Bedroom 2
Parking features
Parking Lot
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Exterior features
Balcony
Basement
Full, Unfinished
Appliances
Electric Oven, Refrigerator
Lot features
Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From 81, to Moosic St extit , building is on the right. Parking in the rear
Standard status
Active
APN
15753030001
Size
5,512 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X162 Li&S Co L 9 W-12 B-012 L-009 P-011
Tax Annual Amount
5788
Legal Description
40X162 Li&S Co L 9 W-12 B-012 L-009 P-011
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Number of units
5
Flooring type
Vinyl, Wood
Building materials
Synthetic Stucco
Roof type
Asphalt
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Diane Stracham · License #RS318034
(570) 241-3982
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 7:06PM
MLS# SC264409
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 5,512-square-foot apartment property contains five registered rental units and 11 bedrooms. The building was constructed in 1950 and includes an eat-in kitchen, wood and vinyl flooring, balconies, a porch, basement space, and natural-gas heating. Electric ovens and refrigerators are among the listed appliances, while public water and public sewer serve the property. A rear garage and parking lot provide on-site vehicle storage and parking.
Located at 715 Moosic Street in Scranton, the property sits on a 0.15-acre lot and carries R5 zoning. The units are fully rented to long-term tenants. The landlord pays gas heat, water, and sewer; tenants pay their own electricity. Leases are ready to roll over to new ownership.
Located at 715 Moosic Street in Scranton, the property sits on a 0.15-acre lot and carries R5 zoning. The units are fully rented to long-term tenants. The landlord pays gas heat, water, and sewer; tenants pay their own electricity. Leases are ready to roll over to new ownership.
Key Highlights
- Five‑unit rental property with 11 bedrooms
- 5,512 square feet on a 0.15‑acre lot
- Fully rented with long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$849,880
$849.9K
Cap Rate 7%
$607,057
$607.1K
Cap Rate 9%
$472,156
$472.2K
Market Conditions
NOI Build-Up for 5,512 SF
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.
Gross rent
$82.0K $14.88/SF
− Vacancy
−$4.8K −$0.86/SF
EGI
$77.3K $14.02/SF
− OpEx
−$34.8K −$6.31/SF
NOI
$42.5K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$849,880
Cap Rate 7%
$607,057
Cap Rate 9%
$472,156
Alternative Uses
Best Use
Apartment 5plus
$607.1K
$531.2K – $708.2K
NOI $42,494 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,933 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied rental property with rear garage and parking lot serving multiple vehicles.
Where is this apartment building located?
The property is located at 715 Moosic Street Scranton, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Five‑unit rental property with 11 bedrooms; 5,512 square feet on a 0.15‑acre lot; Fully rented with long‑term tenants
