Renovated 5-Unit Apartment
For Sale
$579,000
1131 Pittston Avenue, Scranton, PA 18505
Commercial Sale, Scranton, PA
Property Size3,638 SF
Lot Size0.11 Acres
Price / SF$159.15
Days on Market449
Property Features for 1131 Pittston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT030
Rooms
Basement
Parking features
On Street
Basement
Concrete, Sump Pump
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Near General Business, Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Follow Pittston Ave to 1131. On corner of Pittston Ave and Locust St. Property located on the corner.
Standard status
Active
APN
15619050001
Size
3,638 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5633
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Cooling system
Ductless
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
5
Flooring type
Wood, Carpet, Laminate
Building materials
Brick, Vinyl Siding
Roof type
Asbestos Shingle
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: Jul 16, 2025
Changed: Sep 22
Last Checked: Oct 7 at 11:06PM
MLS# SC253497
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 3,638-square-foot apartment property occupies a 0.11-acre corner lot and contains five one-bedroom, one-bathroom units. The building was converted from a former funeral home and has undergone a full renovation, including new flooring, kitchens, bathrooms, appliances, and living areas. Two apartments are currently rented. Brick and vinyl siding form the exterior, with laminate, wood, and carpet flooring inside. The property was built in 1960 and is zoned CT030.
Located at 1131 Pittston Avenue in Scranton, the building has public water and public sewer service, cable availability, natural-gas steam heat, ductless cooling, and on-street parking. An accessible approach with ramp provides entry access. A basement is included among the property’s rooms, and the roof is finished with asbestos shingles.
Located at 1131 Pittston Avenue in Scranton, the building has public water and public sewer service, cable availability, natural-gas steam heat, ductless cooling, and on-street parking. An accessible approach with ramp provides entry access. A basement is included among the property’s rooms, and the roof is finished with asbestos shingles.
Key Highlights
- Five one‑bedroom, one‑bathroom apartments in a 3,638‑square‑foot building
- Two of five units are currently rented
- Renovated kitchens, bathrooms, flooring, appliances, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,047
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,940
$560.9K
Cap Rate 7%
$400,671
$400.7K
Cap Rate 9%
$311,633
$311.6K
Market Conditions
NOI Build-Up for 3,638 SF
Gross rent
$54.1K $14.88/SF
− Vacancy
−$3.1K −$0.86/SF
EGI
$51.0K $14.02/SF
− OpEx
−$22.9K −$6.31/SF
NOI
$28.0K $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 Rate 5%
$560,940
Cap Rate 7%
$400,671
Cap Rate 9%
$311,633
Alternative Uses
Best Use
Apartment 5plus
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.4K
$808.0K – $1.08M
NOI $64,637 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
40%
Occupancy
Location Intelligence
Trade Area within ½ mile
890
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated one-bedroom apartments with public utilities, ductless cooling, and on-street parking.
Where is this apartment building located?
The property is located at 1131 Pittston Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bathroom apartments in a 3,638‑square‑foot building; Two of five units are currently rented; Renovated kitchens, bathrooms, flooring, appliances, and living areas
