Quadplex Conversion
1248-1252 Providence Road Scranton, PA 18508
1248-1252 Providence Road, Scranton, PA, 18508
$329,000
Pending
For Sale
$329,000
Pending
MULTI_FAMILY - Scranton, PA
Property Size3,669 SF
Lot Size0.20 Acres
Days on Market115
Property Features for 1248-1252 Providence Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C2
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 13420020008
- Size
- 3,669 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 30X73x30x61 Bldg & Land W-02 B-1180 L-002A P-01100
- Tax Annual Amount
- 8543
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet
- Building materials
- Stucco
- Roof type
- Rubber, Shingle
Listing Agency
ERA One Source Realty
(570) 587-9999
230 Northern Blvd., Clarks Summit, PA
Listed by
Mark Colarossi
(570) 878-7893
Added: Mar 24 Checked: Jul 16 at 8:06 pm
MLS# SC261148
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 building is arranged and presented for an easy conversion into a 4-unit multi-family property. It includes a private, on-site surface parking lot and is equipped with central air conditioning along with forced hot air heating, helping reduce the need for major mechanical retrofits. The existing configuration is intended to support a straightforward residential conversion.
Located at 1248-1252 Providence Road in Scranton, PA 18508, the property sits in a high-walkability area surrounded by restaurants and shopping. The existing private parking lot supports tenant parking needs and provides additional convenience for a multi-family setup.
For buyers or developers looking for a compact multi-family project, the combination of a C2 zoning designation, existing parking, and installed heating and cooling systems provides a practical foundation for a 4-unit redevelopment plan. The building’s design focus on conversion may appeal to operators seeking an efficient path to a small residential income property. Please contact us for details on feasibility and scheduling a private showing.
Located at 1248-1252 Providence Road in Scranton, PA 18508, the property sits in a high-walkability area surrounded by restaurants and shopping. The existing private parking lot supports tenant parking needs and provides additional convenience for a multi-family setup.
For buyers or developers looking for a compact multi-family project, the combination of a C2 zoning designation, existing parking, and installed heating and cooling systems provides a practical foundation for a 4-unit redevelopment plan. The building’s design focus on conversion may appeal to operators seeking an efficient path to a small residential income property. Please contact us for details on feasibility and scheduling a private showing.
Key Highlights
- 1970‑built building with stucco exterior and mixed roofing (rubber and shingle)
- Central air conditioning plus forced‑air natural gas heating
- Public utilities: public water and public sewer
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 | $46.2k | $12.60 |
| − Vacancy | −$3.0k | −$0.82 |
| EGI | $43.2k | $11.78 |
| − OpEx | −$13.0k | −$3.53 |
| NOI | $30.3k | $8.25 |
3,669 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.3K
NOI $30,257 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$404.1K
$353.6K – $471.4K
NOI $28,286 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$931.3K
$814.9K – $1.09M
NOI $65,188 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - C2-zoned building with central A/C, forced hot air, and onsite private parking for a 4-unit conversion.
Where is this quadplex located?
The property is located at 1248-1252 Providence Road Scranton, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1970‑built building with stucco exterior and mixed roofing (rubber and shingle); Central air conditioning plus forced‑air natural gas heating; Public utilities: public water and public sewer
