Mixed-Use Property with
1017 Prescott Avenue, Scranton, PA 18510
For Sale
$549,000
Pending
Residential Income, Scranton, PA
Property Size7,050 SF
Lot Size0.27 Acres
Days on Market808
Property Features for 1017 Prescott Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Basement
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Leah Gianacopoulos · License PA RS325414
(570) 947-9250
Added: Aug 27, 2024
Changed: Oct 24
Last Checked: Nov 12 at 7:06PM
MLS# SC4496
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a front house with two apartments and a substantial rear garage area. The garage has large doors designed for convenient movement of vehicles and equipment, with the space identified for potential studio, warehouse, or storage use. Apartment areas include bedrooms, bathrooms, and a basement.
The property contains 7,050 square feet on 0.27 acres and carries C2 zoning. Built in 1945, it has stucco construction, composition roofing, forced-air natural-gas heat, public water, and public sewer. Parking is available both off street and on street. The property is located in Scranton, Pennsylvania, in the 18510 postal area.
The property contains 7,050 square feet on 0.27 acres and carries C2 zoning. Built in 1945, it has stucco construction, composition roofing, forced-air natural-gas heat, public water, and public sewer. Parking is available both off street and on street. The property is located in Scranton, Pennsylvania, in the 18510 postal area.
Key Highlights
- 7,050‑square‑foot mixed‑use property on 0.27 acres
- C2 zoning
- Front house includes two apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,951
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,020
$999.0K
Cap Rate 7%
$713,586
$713.6K
Cap Rate 9%
$555,011
$555.0K
Market Conditions
NOI Build-Up for 7,050 SF
Gross rent
$62.3K $8.83/SF
− Vacancy
−$3.5K −$0.49/SF
EGI
$58.8K $8.34/SF
− OpEx
−$8.8K −$1.25/SF
NOI
$50.0K $7.09/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,020
Cap Rate 7%
$713,586
Cap Rate 9%
$555,011
Alternative Uses
Best Use
Mixed Use
$1.02M
$892.3K – $1.19M
NOI $71,381 @ 7.0% cap · market cap 13.00%
Second Best
Multifamily LT 5
$830.6K
$726.7K – $969.0K
NOI $58,139 @ 7.0% cap · market cap 10.59%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,259 @ 7.0% cap · market cap 22.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
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Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Lackawanna County, PA
Properties on Market for Mixed-use properties in Lackawanna County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments accompany a sizable rear garage with vehicle-accessible doors and C2 zoning.
Where is this mixed-use property located?
The property is located at 1017 Prescott Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 7,050‑square‑foot mixed‑use property on 0.27 acres; C2 zoning; Front house includes two apartments
