South Scranton Multi-Family
For Sale
$679,000
1418 Pittston Avenue, Scranton, PA 18505
MULTI_FAMILY - Scranton, PA
Property Size6,200 SF
Lot Size0.13 Acres
Price / SF$109.52
Days on Market106
Property Features for 1418 Pittston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Pittston Ave coming from downtown Scranton, block before Andrew Browns.
Standard status
Active
APN
16707010032
Size
6,200 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6631
Building Details
Year built
1925
Floors in Building
3
Number of units
7
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Sunita Arora · License #RM061605A
(570) 510-5840
Added: Apr 17
Changed: Jul 10
Last Checked: Jul 31 at 11:06PM
MLS# SC261600
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 for-sale multi-family property includes seven residential units configured as four 3-bedroom units, one 2-bedroom unit, and two 1-bedroom units. The building also offers three garage spaces, providing additional on-site storage or parking capacity for residents.
The property is located at 1418 Pittston Avenue in Scranton, Pennsylvania, within an R2 zoning designation.
With a total building size of 6,200 square feet on a 0.13-acre lot, the layout supports a mix of unit sizes across the seven units.
The property is located at 1418 Pittston Avenue in Scranton, Pennsylvania, within an R2 zoning designation.
With a total building size of 6,200 square feet on a 0.13-acre lot, the layout supports a mix of unit sizes across the seven units.
Key Highlights
- Seven residential units provide substantial rental income potential.
- Three garage spaces offer additional income streams.
- Located in South Scranton.
Financial Insights For Apartment 5plus
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 | $92.3k | $14.88 |
| − Vacancy | −$5.4k | −$0.86 |
| EGI | $86.9k | $14.02 |
| − OpEx | −$39.1k | −$6.31 |
| NOI | $47.8k | $7.71 |
6,200 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$682.8K
$597.5K – $796.6K
NOI $47,798 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,157 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
597
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - For sale multi-family property with seven residential units and three garage spaces in Scranton.
Where is this apartment building located?
The property is located at 1418 Pittston Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Seven residential units provide substantial rental income potential.; Three garage spaces offer additional income streams.; Located in South Scranton.
