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Scranton Multifamily Investment Opportunity

1212 1214 Mulberry Street Scranton, PA 18510

For Sale

$795,000

COMMERCIAL - Scranton, PA

Property size:

5,569 SF

Lot size:

0.07 Acres

Price / SF:

$142/SF

For Sale

$795,000

COMMERCIAL - Scranton, PA

Property size:

5,569 SF

Lot size:

0.07 Acres

Price / SF:

$142/SF

Added:: Nov 7, 2024
Days on Market:: 612
Last Refresh:: Jul 12 at 10:06 pm

Property Features for 1212 1214 Mulberry Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: 0-19 / Special
Exterior features: Balcony
Standard status: Active
APN: 15737020019
Size: 5,569 SF
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: Taxes to be determined

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Cooling system: Wall Unit(s)
Water source: Public

Building Details

Year built: 1950
Floors in Building: 3
Number of units: 3
Flooring type: Wood
Roof type: Shingle

Listing agent Jacob W. Rosenstein License #RS369738

Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA

Listing date Nov 7, 2024

MLS# SC5834

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 well-located asset is situated in the University of Scranton corridor, an area characterized by high demand, walkability, and consistent foot traffic. The property is near neighborhood destinations such as Goodfellas, benefiting from a lively streetscape appealing to students and long-term residents. The property is a proven income-producing asset, currently operated as a professionally managed residential-use facility generating stable cash flow. The site presents a compelling opportunity for a modern, student-oriented residential project, ideally suited to the surrounding campus-driven market and nearby amenities. The property offers flexibility, location-driven demand, and long-term upside in one of Scranton's active and supply-constrained neighborhoods. The property is a multifamily property, specifically a triplex and residential income property. The lot size is 0.0658 acres. The property size is 5569 square feet. The zoning is 0-19 / Special.

Key Highlights

Prime location in the highly desirable University of Scranton corridor, characterized by strong demand and high foot traffic.
Proven income‑producing asset with stable cash flow, currently operated as a professionally managed residential facility.
Compelling redevelopment opportunity for a modern, student‑oriented residential project.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$70.2k	$12.60
− Vacancy	−$4.6k	−$0.82
EGI	$65.6k	$11.78
− OpEx	−$19.7k	−$3.53
NOI	$45.9k	$8.25

5,569 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$656.1K

$574.1K – $765.4K (±1% cap)

NOI $45,926 @ 7.0% cap · market cap 5.78%

Second Best

Apartment 5plus

$613.3K

$536.7K – $715.6K (±1% cap)

NOI $42,933 @ 7.0% cap · market cap 5.40%

Theoretical Best

Office A

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,946 @ 7.0% cap · market cap 12.45%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Chen Garden Restaurant

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For sale
Triplexes
PA
Scranton
18510
1212 1214 Mulberry Street

What type of property is this?

Triplex - Income-producing multifamily property near the University of Scranton.

Where is this triplex located?

The property is located at 1212 1214 Mulberry Street Scranton, PA.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Prime location in the highly desirable University of Scranton corridor, characterized by strong demand and high foot traffic.; Proven income‑producing asset with stable cash flow, currently operated as a professionally managed residential facility.; Compelling redevelopment opportunity for a modern, student‑oriented residential project.

1212 1214 Mulberry Street Scranton, PA 18510

COMMERCIAL - Scranton, PA

Property Features for 1212 1214 Mulberry Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Turn-Key Restaurant with Luxury Apartment

Scranton Office/Retail Building For Sale

8-Unit Multifamily Corner Property

Medical Office Building on Corner

Office and Duplex Property

Two-Unit Office Property with Parking

Turnkey Pizza Restaurant and Rental Unit

Duplex with Separate Utilities

6-Bay Garage with Retail/Office

Mixed-Use Retail with Two Apartments

South Scranton Multi-Family Building

Triplex with Separate Utilities

FAQs