Multifamily
For Sale
$249,000
Pending
1250 S 6th Ave, Scranton, PA 18504
Multifamily building offering approximately commercial-scale residential space in Scranton.
Property Size2,950 SF
Days on Market469
Property Features for 1250 S 6th Ave
General Information
Standard status
Pending
Size
2,950 SF
Property subtype
Residential Income
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties
(570) 585-1500
Listed By:
Colleen A Weissman · License #RS285514
(570) 604-2335
Source:
Exprealty
Added: Jul 8, 2025
Changed: Oct 16
Last Checked: Oct 19 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Preferred Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,950 square feet of building area and is located at 1250 S 6th Ave in Scranton, Pennsylvania. The asset is classified as an other multifamily property and is offered for sale.
Key Highlights
- 2,950 square feet of building area
- Located at 1250 S 6th Ave, Scranton, PA 18504
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,743
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,860
$454.9K
Cap Rate 7%
$324,900
$324.9K
Cap Rate 9%
$252,700
$252.7K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$43.9K $14.88/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$41.4K $14.02/SF
− OpEx
−$18.6K −$6.31/SF
NOI
$22.7K $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%
$454,860
Cap Rate 7%
$324,900
Cap Rate 9%
$252,700
Alternative Uses
Best Use
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,743 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$748.8K
$655.2K – $873.6K
NOI $52,414 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily building offering approximately commercial-scale residential space in Scranton.
Where is this multifamily property located?
The property is located at 1250 S 6th Ave Scranton, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,950 square feet of building area; Located at 1250 S 6th Ave, Scranton, PA 18504
