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    Income-Producing Triplex in Scranton Title is generated by Realmo AI

    846 Monroe Avenue, Scranton, PA 18510

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    Claim this Listing
    Pending
    $350,000

    MULTI_FAMILY - Other - Scranton, PA

    Property size:
    3,100 SF
    Lot size:
    0.09 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 17 at 1:06 pm

    Property Features for 846 Monroe Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
    Parking features
    Off Street, On Street, Alley
    Patio and Porch features
    Deck, Porch, Patio
    Interior features
    Ceiling Fan(s)
    Exterior features
    Balcony
    Basement
    Concrete, Unfinished, Full, Walk-Out Access
    Appliances
    Dishwasher, Refrigerator, Microwave, Electric Oven
    Standard status
    Pending
    APN
    14670030010
    Size
    3,100 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    80X50 S H Swingle Sub L B W-09 B-010 L-013B P-001
    Tax Annual Amount
    5184

    Utilities

    Heating system
    Natural Gas, Steam
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Hardwood, Carpet, Tile - Ceramic
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Sujin Chong Huber

    Listing agent Sujin Chong Huber License #RS296501

    Listing office Berkshire Hathaway Home Services Preferred Properties 721 S. State St., Clarks Summit, PA

    Listing date Apr 21, 2026

    MLS# SC261710 Listing URL

    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

    • Income‑producing 3‑unit property in a desirable location.
    • Vacant first‑floor unit available for immediate occupancy or rental.
    • Separate electric meters for each unit.
    • Remodeled laundry room with walkout basement access.
    • Large corner lot with ample parking.
    • Close proximity to major hospitals.

    Overview

    This well-maintained 3-unit property is located in the desirable Hills section of Scranton, close to major hospitals. The property offers an opportunity to live in one unit while generating rental income from the others. Features include separate electric, a vacant first-floor unit, a tenant-occupied second floor with a lease through 8/31/26, and an owner-occupied third floor. The property also includes a remodeled laundry room with walkout basement access. Situated on a large corner lot, the property provides plenty of parking and curb appeal. The property size is 3100 square feet and the lot size is 0.09 acres. The zoning is R1.

    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 $39.1k $12.60
    − Vacancy −$2.5k −$0.82
    EGI $36.5k $11.78
    − OpEx −$11.0k −$3.53
    NOI $25.6k $8.25
    3,100 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $365.2K
    $319.6K – $426.1K (±1% cap)
    NOI $25,565 @ 7.0% cap · market cap 7.30%
    Second Best
    Apartment 5plus
    $341.4K
    $298.7K – $398.3K (±1% cap)
    NOI $23,899 @ 7.0% cap · market cap 6.83%
    Theoretical Best
    Office A
    $786.8K
    $688.5K – $918.0K (±1% cap)
    NOI $55,079 @ 7.0% cap · market cap 15.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.649769
    Latitude
    41.413022

    FAQs

    What type of property is this?
    Triplex - Well-maintained 3-unit property in the Hills section of Scranton.
    Where is this triplex located?
    The property is located at 846 Monroe Avenue Scranton, PA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Income‑producing 3‑unit property in a desirable location.; Vacant first‑floor unit available for immediate occupancy or rental.; Separate electric meters for each unit.
    More about this property
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